Friday, May 27, 2011

Someone explain to me why our economy is different..

After the Crash

Charts the continuing HP slump in the US and the general economic misery of much of the great unwashed over there. Views the situation as deliberate impoverishment of the masses by the managerial class and elite. Meanwhile the Mexican standoff between buyers and sellers continues in the UK housing market, though similar labour market misery beckons...

Posted by nickb @ 07:44 PM (3553 views)
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30 thoughts on “Someone explain to me why our economy is different..

  • letthemfall says:

    Even as it happens in America, it is happening here. In America the population thinks to challenge their grossly distorted capitalism is unamerican. What is the excuse of the British?
    Good post nick.

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  • It isn’t – although there are a number of loons on HPC who seem to think that everything is rosy in the garden. God, the rubbish I have read on here today……mind you am I not really surprised as it has come from some folks with some really conventional minds….

    It’s going to be a long and slow decline.

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  • You can close that GBP/CHF trade off (at a nice little profit) I mentioned a few days ago. if the tip hasn’t already been deleted. lol

    That’s for the conservative trader. 😉

    Le Crunch…. who knows nothing.

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  • Has anybody had the MMT jab yet.

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  • 1. letthemfall said…’What is the excuse of the British?’

    We had our guns taken away? Take note America.

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  • Even a moron should know what’s happening in America.

    If the WILL was there, Barry (adobe illustrator) Obama would stop the wars and start to fight for his people.

    Sorry, he’s already doing just that. Simples!

    Some things are more obvious to some than they are to others. K I S S.

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  • “The rich and powerful” become so because we appoint the wrong leaders for the wrong reasons, I sense. For example, what did Arnie know about politics or to bring things up to date, what does Mme Legarde know about economics?

    I’m surprised nobody has nominated Cheryl from X factor for the IMF job!

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  • She’d do a better job than Brown. Probably by applying common sense and not having an underlying deceitful self interest as most politicians seem to.
    Yeah Cheryl for the IMF.

    Why I, you canne spend what yous doesnee ave. Simples.

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  • 3. alan,

    Does the puppet need to know what the puppet master knows or wants.

    It may be just as well they don’t. It’s easier on the guilt X factor. ( It was all going so seemingly well, till the other guy replaced me )

    We have a lot of good hearted people in office that through compartmentalisation know little of the end game.

    The forked tongue of Satan has two sides…. When the fox hears the rabbit scream, he rarely comes to help.

    Hope that helped to clear that up. Good men are never around for long. RIP, you have done your work.

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  • stillthinking says:

    Deliberate impoverishment of the population by the Guardian readership in our case.

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  • Ponzi scheme – built on a foundation of sand.

    Wait till the US starts defaulting!

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  • Hi, please think out of the box.Q1:Do you know who owns the Fed and whose side Bernanke is on? (clue:not US Gvmt/citizens).Q2: why was there no inflation or ballooning house prices for 1000’s yrs before the Rothschilds? Through THEIR control of the ‘saviour’ IMF they want to lend and lend and lend – poor Greece tax payers, etc. God help our state finances (and our taxes!) when interest rates eventually rise from 0.5% to the 5% norm!! Of the 50 US states, only North Dakota has an independent central bank who’s in surplus – is this a coincidence or what? Read Ellen Brown’s article, Libya all about oil, or central banking?, I guess that now just leaves the Rothschilds/ illuminati continuing their ‘axis of evil’ media owned campaign against the only central banks they don’t control (Sudan, Iran, Cuba, N.Korea). Iraq, Afghan ticked off recently. Read Bankers: The Only Profession That Drove Jesus to Violence. God has forbidden you to take usury..You will neither inflict nor suffer any inequity.

    I think how it should work in Ellen Brown’s web of debt ‘stuck on a treasure island’ model, that a State should issue its own notes and coins as legal tender (not gold as the Rothschild private bankers control this and also will use derivatives to destroy that nation’s currency and create unstable prices). I would only change the fact that because interest is/should-be banned, it is replaced with the fact that the State Bank takes a profit share of when it lends to businesses and individuals (i.e. a joint venture risk-reward partnership, this will also reduce the need for an insurance industry that adds no value to the economy). All the profit the State then makes get re-circulated back for the State’s infrastructure and advancement = a debt free growing country forever as the founding fathers of America dreamed of. +++The only 4 Presidents ever to wanting money issued debt-free (rather than the Fed) & back in the people’s hands were assassinated – is this just a coincidence or what?

    Sorry if this article hurts, but through their controlled media THEY want every individual to be up to their eyeballs in debt from birth to death (student loans anyone?), THEY want women to work fulltime and be childless (why can’t we have a quality life with one breadwinner anymore?), THEY have promoted and financed wars (Napoleonic, US war of independence, WW1, WW2), THEY want divisions, suffering, arms purchases, government debts and taxes, THEY want their interest payments (via increasing gvmt taxes/debts too) – basically we are slaves to the private bankers and no one can touch them even though 99.9% of the voters can’t stand them and want them executed. Try telling your MP we need to return to independent banking and see what he says. Strongly recommended you research the Rothschilds Federal Reserve. Let’s all wish for a world without THEM

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  • What a load of old nonsense.

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  • letthemfall says:

    alan
    I think whoever the leaders are they are dominated by economically powerful people. I think that has become very clear over the last 10 years.

    alan540
    You give alans a bad name.

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  • As usual with the Guardian, no mention that Clinton signed the repeal of the Glass-Steagal Act and that the root cause of the ‘pauperisation of middle-class America’ was the housing bubble that resulted.

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  • What a load of old nonsense.

    I don’t care what anyone says – the fact is that people are getting poorer.

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  • stillthinking says:

    Can anybody take the Guardian seriously when this state worker mouthpiece calls for “a change to another economic system”…!!…

    We have just been run on Guardian guidelines for the last decade. And the supposed new system is just more tax.

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  • Fall out the wrong side of bed today did we, lethmefall? You socialists really must learn to calm down dear.

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  • letthemfall says:

    stillthinking
    I think you know that is nonsense. The “new” system, if you like to call it that, would be to ensure the monopolists pay their dues. Do you really believe they are worth the millions of income they get each year.

    alan540
    I’m out of my depth with you I’m afraid. Here’s someone who can keep up with you

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  • novice pete says:

    the horror, the horror, rofl

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  • 8. hpwatcher said…”I don’t care what anyone says – the fact is that people are getting poorer.”

    ~ You can’t sugar coat the facts, although for the need of mental exercise, some will keep trying.

    What a waste of skill.

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  • Is it just me or is HPC finally getting HIP.

    I will see from Monday on. 😉

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  • you’re so clever! i wish i could be like wot you are, please give us more words of wisdom fallinglets

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  • I’m a big believer in the need for changes to the rules in the uk property finance Market and the fact we will be seeing more of an HPC, but that Guardian article is a load of communist idealist piffle

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  • I am a great believer in the need for banking/loan changes, think we have an HPC well overdue and hope that banks and other so-called property professionals need to take responsibly, but that Guardian article is a load of communist idealist piffle.

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  • novice pete says:

    alan540

    I thought LTF’s video response quite humorous, sorry if I offended you. There are a lot of very bright people who post on this site, including the forums (of which I am not a member) and some not so bright. I would consider myself in the latter catogory. However I do believe that
    most here would agree we have been right royaly shafted. The blame to which we all want to attribute to one party or another I think is missing the point. The point being that whoever is in power screws us in favour of the elitist corporate state.

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  • 15. novice pete

    Even the law of averages would favour the poor once in a while. Even some of the cleverest here miss this vital and telling observation.

    “Wer’e all in this together”…and the jokes on you lot.

    ~ Being I bit ‘thick ‘n’ thin’ is a supreme asset.

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  • @Growler, Alan540
    Dismissal because of where this appears doesn’t really say much that one can engage with… what exactly do you think is wrong with the analysis?
    N

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  • I don’t think I mentioned the Guardian per se as a reason? They key in my answer is the word “idealist”.

    Don’t get me wrong: The derivative asset creators aka banks are to blame, but you’re dealing with a system empowered by Government – and not watched by Government. You’re dealing with self-interest on all fronts. High leverage means more dispoable income. More disposable income means increased tax take by a whole variety of means. Increased tax take means lots of money to spend.

    The way out of it is as Dr Cable says. Noone can be too big to fail. The losses need to be privatised too. We should have let the loans go sour. If people don’t learn to stop doing something, they keep carrying on – since it’s the gravy train.

    My view isn’t that the answer is revolution or other crazyness against plain human nature. It’s some good old fashioned pain. If you get your lending wrong, you suffer.

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  • @Growler
    It seems to me that there is a quite systemic failure going on. If that is the case then just tweaking the status quo will not prevent it (the global financial crash, and associated corporate heist) repeating itself. The problem, which the article doesn’t address, for the good reason no one knows how to do it, is how to reset the system. (It doesn’t even advocate revolution, though it would be understandable from those premises. Revolutions don’t generally have good form and are rather difficult to organise…) It doesn’t follow from that omission though, that the proposal is wrong.
    Nick

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