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Ignore The World's Biggest Central Banks At Your Peril

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Ignore the world's biggest central banks at your peril

By Ambrose Evans-Pritchard

(Taken from: The Telegraph - 29 May 2006)

Round one to the Bank of Japan, ultimate cause of the violent sell-off in stocks, commodities, and riskier bonds across the world over the past three weeks.

Governor Toshihiko Fukui has bled more than $140bn (£75.3bn) from his banking system since March 9 to reduce a menacing overhang of liquidity left from the battle against deflation. He is halfway through.

Oh sh!t :o

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Quite, you're seeing it ripple throught the private equity world now, these guys rely on cheap money and specialise in loading companies up with massive amounts of debt and selling on, the following is a great example of how to take a profitable business and sink it through debt in less than 6 months. Notice the Icelandic connection? ;)

Supplier to Queen's kitchen collapses

Edited by BuyingBear

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21-11

Hopefully people will see this on a world scale and not just think it’s all Blair’s and Brown fault for screwing the economy up, they just came up with a plan to fill their own pockets whilst they can and will make a ruin for it as soon as the trouble starts and people demand answers to questions.

I still see America getting hit the hardest as they can no longer declare everyone that does not agree with them is a sponsor of terrorisms and demand we all but $$$ to exchange for oil.

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in the 1970's and 1980's we had rising interest rates coupled with rising commodity prices.

the US might lose some of it's lustre,but it's just a transition from anglo-saxon consumerism of the last 15 years to a more balanced global growth scenario,led by japan and germany.

they have badly beaten up consumers who are getting to the stage of wanting to spend again.the world is not US centric...it just has been for the the last decade-and-a-half.

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21-11

Hopefully people will see this on a world scale and not just think it’s all Blair’s and Brown fault for screwing the economy up, they just came up with a plan to fill their own pockets whilst they can and will make a ruin for it as soon as the trouble starts and people demand answers to questions.

I still see America getting hit the hardest as they can no longer declare everyone that does not agree with them is a sponsor of terrorisms and demand we all but $$$ to exchange for oil.

Couldn't agree more that we're all very much part of a "Global Economy" now and what happens abroad 'directly' affects us here in the UK. Still hearing too many people discussing what is going on in other countries though and coming out with drivel such as "They (goverment) wouldn't let that happen here...!" :o:blink::lol:

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Oh my lord - it's really happening. :o Had never heard of the carry trade before the posts about it on this site and I don't think I'm the only one who wasn't up on it - people are going to wonder what hit them. That article has the feeling of - what is it - the trump of doom?! - about it. Yikes-a-crikey.

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So lets get this right.

The conservatives bust the markets with high interest rates when the Global Pressure on rates was up.

But we should not blame Gordon or Tony, its Global.

So very funny logic going on here!!!.

The blame falls squarly on the Champagne Socialist Croquet playing morons who are running the country today, and that is New Labour, and its poor cousin the Labour Party.

Brown and his old school pals in the Bank of England have had more than ample opportunity to read the future and take in the Global perspective. Indeed New Labour have done little since coming to office that fly out across the world, whether it be Africa, the US, or Iraq, and get involved in other countries business, surely they had an ear to the ground and understood the markets?.

Brown and the Bank of England had a duty to stifle inflation in the housing markets, and the tax system by introducing higher interest rates to bring the market in line with the deflation of wages brought about by mass importation of illegal cheap labour.

In the words of Tony Blair, "I will be judged in the future on my conduct" and indeed never a truer word said, you have been judged, and the party is rotten to the core.

I dont want to hear another word about Tory Sleeze, or Bust Markets, New Labour will be leaving behind a legacy that will take generations of UK Citizens decades of poverty and poor living standards in order to repay the massive debts brought about by New Labour.

And in time honoured fashion, it will be the Tories that will have to come back and clean up the Socialist's failed policies, and put the country back on its feet whereby the citizens daily lives are not financed by debt, but by hard work and a decent days pay without benefits.

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And people think that the resident bears on here are the doom mongers ? Think again !

I dont want to hear another word about Tory Sleeze, or Bust Markets, New Labour will be leaving behind a legacy that will take generations of UK Citizens decades of poverty and poor living standards in order to repay the massive debts brought about by New Labour.

:o I think you're right with this... can't see myself being a Tory voter yet though. The two major parties are just as bad as each other in their corruption and sleaze.

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Does it really matter whos in charge? - the UK is at the mercy of macro economic events anyway

The govenments limited role is just to tax us in different ways and appear to be in control

Labour through indirect stealth taxes and Torys by offloading costs onto the individual - in the end it costs us (the working pleb) the same...

Edited by dnd

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Forget the parties, anyone with the Title MP is on an ego trip.

I have met a few, and no matter what color of the rainbow they come from they all equally after a few years have a complete and utter contempt for the public they are supposed to represent.

We need a new system, whereby the public decide who will be an MP, people picked from the community, business, something like Jury Service would do me fine.

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Does it really matter whos in charge? - the UK is at the mercy of macro economic events anyway

Quite, but if the current lot are so bad when times are good... what happens when things aren't quite so certain? Same for Gordy, he has managed to run up massive debts even during the goods times, that's a nice bit of counter-Keynesianism.

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Does it really matter whos in charge? - the UK is at the mercy of macro economic events anyway

That is far too simplistic

Of course a Government has ways of making it work.

The Governments are the biggest spenders, spend wisely and its progress, spend badly and its downhill.

In addition, the Government are directly responsible for house price inflation, they themselves have the button to push when the time comes to dampen the market, that was in 2001, they chose not too in fear that if the people didnt make 25K tax free each year just for owning a house, they would lose the next election.

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And people think that the resident bears on here are the doom mongers ? Think again !

:o I think you're right with this... can't see myself being a Tory voter yet though. The two major parties are just as bad as each other in their corruption and sleaze.

This is what I keep saying and it time for a radical change as the three parties are all in bed together and they just argue about who will be making the tea.

Fact is the democratic process is not working because it has become corrupt and we the people are being taken for a ride with ample new laws thrown in to protect the scum some call MP’s from scrutiny or any accountability.

It’s time these evil people where brought to account by the people and locked up for a very long time, sure we may have riots but longer term I prefer that to becoming a tax slave as they are already taking well over half my earnings one way or another and they want to stop free speech so no one can even complain against them without lowering ones voice. :ph34r:

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Forget the parties, anyone with the Title MP is on an ego trip.

I have met a few, and no matter what color of the rainbow they come from they all equally after a few years have a complete and utter contempt for the public they are supposed to represent.

We need a new system, whereby the public decide who will be an MP, people picked from the community, business, something like Jury Service would do me fine.

That would be a classic 'democracy' wouldn't it? Greek style. I agree with your earlier post - many many of us do. I wish people could see that even though they may not love the Conservatives they are (like Obi Wan Kenobi) our only hope....

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Fact is the democratic process is not working because it has become corrupt and we the people are being taken for a ride with ample new laws thrown in to protect the scum some call MP’s from scrutiny or any accountability.

"The more corrupt the state the more numerous the laws" - Tacitus

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That would be a classic 'democracy' wouldn't it? Greek style.

Don't think so: the Greeks, I believe, voted directly rather than electing idiots to vote for them. Plus, of course, only a small minority of rich, educated men could vote in the first place.

If we really want an accurate representation of the population in Parliament, then random selection of a thousand people every year would be far more efficient than our corrupt and antiquated voting system. Provided you can trust the random selection, anyway.

The odds of random numbers selecting anything even half as bad as the Parliaments people vote for would be slim.

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The world has enjoyed a magnificent boom for 24 years, punctuated only by light downturns along the way. The cycle has been kept alive beyond its natural life by ever-laxer monetary policy, feeding ever bigger asset bubbles and encouraging ever-higher levels of debt.

Central banks can draw down prosperity from the future for a while. In the end - now? - the future arrives.

24 years! I have seen a couple of bad recestions and I am only 39, what have they got planned for the nest one :o

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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