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A Serious Request For Some Restraint


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Do you honestly think that anyone is going to stop talking about things that they are think are true just because you asked them to?

I assumed Cityfool was making a plea to avoid well-trodden tangents... which, while often amusing, HPC seems to attract in industrial volume. ;)

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I am all for balance and a range of views I am just saying please can we keep away from the laughably deranged.

FAOD I am neither a "Rothchild" nor do I work for the government.

I have a mate who has several BTLs. When he started talking about buying yet another I started talking to him about the economy, housing bubble etc.

He told me I made sense....until I told him I read this forum.

"Oh! Those nutters!" he exclaimed.

He now has one flat he cant rent out for love or money (no one in Nottingham wants to pay £600 a month and those that could afford it are fearing for their jobs), and tenants from hell in another flat who yell at each other all the time and are annoying the rest of the folks in the block who are owner occupiers.

He always maintained that the better class of folk could afford his rents, and that he would never have to rent to chavs just to pay the mortgage.

I tried. I really tried.

What can you say? Anyone with half a brain can come to a forum like this and weed out the loonier posts from the ones containing good sense and take something worthwhile from it. It's a forum I recommend to everyone.

And its peeps like my mate who will suffer for not having the sense to heed the advise.

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Oh, I'm not arguing that it's a good thing in anyway at all. If anything I would go the other way myself, ie free banking (fractional reserve, banks shouldering their losses as well as their profits etc) together with a sensible reserve requirement, although full free banking (no central bank etc) I'd have to think about some more.

Hong Kong runs a currency board system, I believe, so whilst not all banks hold full reserves, all money is backed by assets. In HK the asset is US dollars. This is strongly analogous to full reserve, I would say.

I certainly wouldn't hold Argentina up as a model, I am not trying to argue that full reserve is a good thing. Argentina broke the link in 2002 and the economy seems to be improving since, so in fact if anything the argument goes the other way.

But the dollar is a fiat currency. In any event having a currency backed by an asset isn't the same thing as having full reserve banking. We had fractional reserve banking in this country even when we had the gold standard. They are two different issues.

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Please could the following groups please refrain from posting on here:

1. Lunatic paranoid conspiracy theorists. The world is not run by a secret group of bankers (Jewish or otherwise) who meet in an underground bunker and wear funny hats or whatever it is you believe. Learn to live with it.

2. Shotguns and beans doom purveyors. Western civlisation is not under threat. This isn't the end of days and the zombies aren't coming. Again learn to live with it.

3. Whining tax payers. Twice today I have heard people complaining about their massive tax bill of £15k or whatever and how they put more in than they get out of the system. I have news for you people. if you pay that much tax it is because you are comparatively well off. That is how states work you don't just pay for what you get. That is kind of the point. I pay roughly three times as much in tax as that and barely use any state services. You don't however find me whining so you can shut up as well.

4. Those who accuse everyone who gets anything from the welfare state as "scroungers". You generally know nothing about the circumstances of the people you criticise (whether personally on here as a group). They are in the vast majority of cases simply claiming what they are entitled to and should feel no shame for doing so. They certainly don't need to be bullied by you.

5. Fans of whackjob economic theories. I have news for you modern banking (or fractional reserve banking as you like to call it) is not fraud, it is the basis of all successful modern economies. There is plenty of scope to argue about how it should be regulated but the principle is going nowhere and we are not going back to the days of goldsmiths charging to look after your coins. Frankly those with a problem with fiat currencies are pretty close to being included in this group in my opinion but that is another story.

I ask this not because I think you shouldn't be allowed to have your very own funny farm to play in where you can wear your foil hats but because this place is increasingly being quoted in the media and it is extremely damaging to the cause of getting the very sensible messages that this resource has to offer anyone with concerns about the housing market (which right now is almost the whole country) if right next to it you have someone banging on about how we will all be living in mud huts in 5 years times or how all banking is fraud. It is equally harmful if anyone who lives in a council house feels they can't post without being called chav scum.

Mods - if we could try to avoid "news" items from funny farm web sites in the newsblog that would be helpful as well.

Thank you all for your time.

Feel free to post your abuse here to your hearts content but then get it out of your system. You know it makes sense.

Nice Try Gordon, but I am afraid the game is up its time for you to leave England to return to Scotland where I am sure you will get a warm reception.

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Guest Skint Academic
Heh - ok, ok have it your way. I am just saying that as the house price crash is going mainstream there is a real role for a sensible relatively unbiased resource for those with concerns. This place could and perhaps should have been that resource but no one is going to take the place seriously while it continues in this vein.

Nothing destroys the credibility of a controversial but well thought out post attacking say the analysis and methods of a survey produced by a vested interest quite like a response banging on about all banking being fraud or shadowy secret societies. Any casual surfer who is perhaps struggling to understand what has been said in the first post is very likely to just think "oh its just another nut job post like that other one" and move on.

All I am asking is that we think a bit more money week (controversial but well argued and researched) rather than National Enquirer.

Anyway I have said my piece so I will leave you to your abuse of me.

This is an internet forum, not a magazine. It is what it is because of the people who post here.

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Guest DissipatedYouthIsValuable
If the media can't identify sources correctly, or understand the nature of internet based forums, then...

Aw crap, you've got me.

Perhaps the banking system should pay for a series of public information videos to explain how the capitalist system works to the masses, along with alternative monetary systems which have been in existence, and spend some time briefing journalists on its mechanism, backed up with explanations and disclosure of important elements such as Basel II (?III now) agreements and how they work.

Sod property porn programmes, we want capitalist monetary system discussion porn.

I might buy a TV and pay a TV licence for that.

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I have a mate who has several BTLs. When he started talking about buying yet another I started talking to him about the economy, housing bubble etc.

He told me I made sense....until I told him I read this forum.

"Oh! Those nutters!" he exclaimed.

He now has one flat he cant rent out for love or money (no one in Nottingham wants to pay £600 a month and those that could afford it are fearing for their jobs), and tenants from hell in another flat who yell at each other all the time and are annoying the rest of the folks in the block who are owner occupiers.

He always maintained that the better class of folk could afford his rents, and that he would never have to rent to chavs just to pay the mortgage.

I tried. I really tried.

What can you say? Anyone with half a brain can come to a forum like this and weed out the loonier posts from the ones containing good sense and take something worthwhile from it. It's a forum I recommend to everyone.

And its peeps like my mate who will suffer for not having the sense to heed the advise.

This is exactly my point except I don't think that many people will bother to filter out the nutters. They'll read a few nutty posts and ignore the whole site.

One of my reasons for posting this is that even though I could see a crash was coming the wait sorely tested my patience and faith in my own analysis last year. Reading the fruitloops on here agreeing that a crash was coming really got me thinking maybe I was being a fruitloop.

Anyway - I have started arguing with people about the very things I asked that we should shy away from talking about. I really am going to leave this thread now. It was merely an appeal to have a little regard for how the site is viewed in the outside world when posting seriously off the wall stuff. That's all. Its clear it hasn't worked which is of course fair enough. But if it leads to even some people toning it down a bit it will have been worth while.

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Please could the following groups please refrain from posting on here:

1. Lunatic paranoid conspiracy theorists. The world is not run by a secret group of bankers (Jewish or otherwise) who meet in an underground bunker and wear funny hats or whatever it is you believe. Learn to live with it.

2. Shotguns and beans doom purveyors. Western civlisation is not under threat. This isn't the end of days and the zombies aren't coming. Again learn to live with it.

3. Whining tax payers. Twice today I have heard people complaining about their massive tax bill of £15k or whatever and how they put more in than they get out of the system. I have news for you people. if you pay that much tax it is because you are comparatively well off. That is how states work you don't just pay for what you get. That is kind of the point. I pay roughly three times as much in tax as that and barely use any state services. You don't however find me whining so you can shut up as well.

4. Those who accuse everyone who gets anything from the welfare state as "scroungers". You generally know nothing about the circumstances of the people you criticise (whether personally on here as a group). They are in the vast majority of cases simply claiming what they are entitled to and should feel no shame for doing so. They certainly don't need to be bullied by you.

5. Fans of whackjob economic theories. I have news for you modern banking (or fractional reserve banking as you like to call it) is not fraud, it is the basis of all successful modern economies. There is plenty of scope to argue about how it should be regulated but the principle is going nowhere and we are not going back to the days of goldsmiths charging to look after your coins. Frankly those with a problem with fiat currencies are pretty close to being included in this group in my opinion but that is another story.

I ask this not because I think you shouldn't be allowed to have your very own funny farm to play in where you can wear your foil hats but because this place is increasingly being quoted in the media and it is extremely damaging to the cause of getting the very sensible messages that this resource has to offer anyone with concerns about the housing market (which right now is almost the whole country) if right next to it you have someone banging on about how we will all be living in mud huts in 5 years times or how all banking is fraud. It is equally harmful if anyone who lives in a council house feels they can't post without being called chav scum.

Mods - if we could try to avoid "news" items from funny farm web sites in the newsblog that would be helpful as well.

Thank you all for your time.

Feel free to post your abuse here to your hearts content but then get it out of your system. You know it makes sense.

Well, that's about everyone then. Not me though, I'm very objective.

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Guest Skint Academic
Thanks for that. Perhaps you could tell us - while you're at it - how to be happy, what to eat, what not to wear, and the right political party to vote for. You seem to know everything else.

How to be happy - Desire nothing (or directly inject a current into your brain's pleasure systems such as your dopamine ascending pathway)

What to eat - Food.

What not to wear - Anything that doesn't fall under the category of clothes.

The right political party to vote for - The one that wins.

All very possible. Just not much fun.

Happy now?

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Please could the following groups refrain from posting here :

1) Anti free-speech advocates

2) Boom/Bust apologists

3) Trickle-down economic theorists

4) The French

I'm with dazed and confused here............there is nothing wrong with idle discussion.......whatever that may be. Its the basis for a free society. I'm a little unsue why that would make amyone uneasy.........

Edited by thefinalbear
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Guest mSparks
Thankyou for taking on the burden of deciding what others can or cannot post on a public forum.

I suggest you apply to become a moderator.

No way he will get it, the current moderators already banned most of the people not in his groups.

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Yes and the economy hardly grew at all during those 50 years did it. Oh hang on...

Oh yeah, its been happy days ever since!

Rationing - loss of world influence - Boom - Bust - Industrial strikes - winter of discontent - 3 day week - Boom - bust - credit explosion - yuppies - boom - bust - housing repossessions - Manufacturing decline - boom - bust - recession - House price explosion - property speculation - FTBer generation priced out - BOOOM BOOM Booom - MEGA BUST!

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But the dollar is a fiat currency. In any event having a currency backed by an asset isn't the same thing as having full reserve banking.

Like I said - analogous, not the same. The point being that money cannot be magicked into existence from the future. The dollar maybe a fiat currency for the US. But HK can't just print more - it has to buy it (Tinfoil hat moment - maybe that's where all the supernotes came from).

We had fractional reserve banking in this country even when we had the gold standard. They are two different issues.

Depends of course on your definition of Gold Standard. HK is equivalent to a 100% reserve gold standard, which is not compatible with fractional banking.

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Guest DissipatedYouthIsValuable
This is exactly my point except I don't think that many people will bother to filter out the nutters. They'll read a few nutty posts and ignore the whole site.

One of my reasons for posting this is that even though I could see a crash was coming the wait sorely tested my patience and faith in my own analysis last year. Reading the fruitloops on here agreeing that a crash was coming really got me thinking maybe I was being a fruitloop.

Anyway - I have started arguing with people about the very things I asked that we should shy away from talking about. I really am going to leave this thread now. It was merely an appeal to have a little regard for how the site is viewed in the outside world when posting seriously off the wall stuff. That's all. Its clear it hasn't worked which is of course fair enough. But if it leads to even some people toning it down a bit it will have been worth while.

So you have inner anxiety regarding the state of your own mental health with some difficulty reality testing?

Tell me about your mother.

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Who cares what the meeja may think of us when they visit this site?

Nothing that is stated on here is going to cause or stop a House price crash from happening. It's just a forum for discussion (and name calling :P )

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Please could the following groups please refrain from posting on here:

1. Lunatic paranoid conspiracy theorists. The world is not run by a secret group of bankers (Jewish or otherwise) who meet in an underground bunker and wear funny hats or whatever it is you believe. Learn to live with it.

2. Shotguns and beans doom purveyors. Western civlisation is not under threat. This isn't the end of days and the zombies aren't coming. Again learn to live with it.

3. Whining tax payers. Twice today I have heard people complaining about their massive tax bill of £15k or whatever and how they put more in than they get out of the system. I have news for you people. if you pay that much tax it is because you are comparatively well off. That is how states work you don't just pay for what you get. That is kind of the point. I pay roughly three times as much in tax as that and barely use any state services. You don't however find me whining so you can shut up as well.

4. Those who accuse everyone who gets anything from the welfare state as "scroungers". You generally know nothing about the circumstances of the people you criticise (whether personally on here as a group). They are in the vast majority of cases simply claiming what they are entitled to and should feel no shame for doing so. They certainly don't need to be bullied by you.

5. Fans of whackjob economic theories. I have news for you modern banking (or fractional reserve banking as you like to call it) is not fraud, it is the basis of all successful modern economies. There is plenty of scope to argue about how it should be regulated but the principle is going nowhere and we are not going back to the days of goldsmiths charging to look after your coins. Frankly those with a problem with fiat currencies are pretty close to being included in this group in my opinion but that is another story.

I ask this not because I think you shouldn't be allowed to have your very own funny farm to play in where you can wear your foil hats but because this place is increasingly being quoted in the media and it is extremely damaging to the cause of getting the very sensible messages that this resource has to offer anyone with concerns about the housing market (which right now is almost the whole country) if right next to it you have someone banging on about how we will all be living in mud huts in 5 years times or how all banking is fraud. It is equally harmful if anyone who lives in a council house feels they can't post without being called chav scum.

Mods - if we could try to avoid "news" items from funny farm web sites in the newsblog that would be helpful as well.

Thank you all for your time.

Feel free to post your abuse here to your hearts content but then get it out of your system. You know it makes sense.

Looking at the groups in the left hand column, the Mods seem to have addressed this already. I cannot find a single one of them.

p-o-p

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1. Nope, there will be moderate ups and downs as there have been for the past 50 years. There won't however be anything worse than that. Even WWII didn't set us back as far as some people on here would suggest we are going back. Think about it. A world war would be over in 30 minutes and most of us would never know it had happened. This is the great joy of MAD we don't have to worry about it any more because we will all be dead.

2. Nope but anyone who thinks they should always get more out of the state than they put in is an idiot. Someone has to pay. There is scope to argue about the size of the state obviously but the night watchman state had its day 100 years ago.

3. Nothing at all. It has worked just fine in this country for really quite a long time now.

You are Laurejon and I claim my $5 mad as an injin dollars.

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  • 439 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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