Jump to content
House Price Crash Forum
Sign in to follow this  
Bearback Mountain

(old Article-good Read) Ex-governor George Says Bank Deliberately Fuelled Consumer Boom

Recommended Posts

Read this and you will see just how much they are trying to avoid the inevitable even though it is firmly on the cards.

Also "bear" in mind that this was before extra rampant fuel, energy costs and the Northern Rock fiasco.

"We knew that we were having to stimulate consumer spending. We knew we had pushed it up to levels which couldn't possibly be sustained into the medium and long term. But for the time being, if we had not done that, the UK economy would have gone into recession just as the United States did."

http://www.independent.co.uk/news/business...oom-441160.html

Share this post


Link to post
Share on other sites

this was a 'drop the bacon butty' moment on HPC approx. 2 years back. It still leaves me stunned. Its one of those 'what's the point?' moments, given it's so obvious how manipulated the whole system (not just financial) is. Makes you feel worthless doesn't it?

Share this post


Link to post
Share on other sites
this was a 'drop the bacon butty' moment on HPC approx. 2 years back. It still leaves me stunned. Its one of those 'what's the point?' moments, given it's so obvious how manipulated the whole system (not just financial) is. Makes you feel worthless doesn't it?

Yeah absolutely! Feckers.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 293 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.