Friday, April 26, 2013

This is what happens when property bubbles go pop!

Protesters clash with police amid unrest in Spain, Portugal

"The number of unemployed is now 6.2 million as the Spanish economy finds it impossible to climb out of the burst property bubble of 2008" says RT. "The Iberian Peninsula has once again been engulfed in protest, as police used brute force to disperse thousands in front of the Spanish Parliament in Madrid while in Portugal citizens climbed on top of a tank to make themselves heard". "Earlier in the day five people, including one minor, were arrested for allegedly plotting to set fire to a bank". (too late guys, the banksters took the profits and "forgave " their mates the loans - and you won't see this angle from the BBC). Interesting pictures.

Posted by alan @ 09:01 PM (23708 views)
Please complete the required fields.



6 thoughts on “This is what happens when property bubbles go pop!

  • The property crash is not the issue, this is about youth unemployment, caused by uncontrolled immigration from poor countries, increased taxation, higher inflation from the Euro combined with a collapse in government spending.

    Reply
    Please complete the required fields.



  • We can all compare notes on what were the causes of Spain’s demise. RT thinks it was a property collapse, I think the policies of the Eurozone could be held responsible; Nigel Farage (UKIP) certainly thinks so in his YouTube videos.

    The Bundesbank said today that it was not their job to bail out Spain. So where do they go from here? AEP does a nice piece in the Torygraph. Intellectually well written, but not much use if you are under 25 on the Iberian peninsular and looking for work……..

    Top banksters exited some time ago, on their yachts.

    Reply
    Please complete the required fields.



  • And yet, no coverage in the British media. Funny that.

    Our top story is, currently, that a professional liar may also be a sex offender. Yup, much more important we hear about that.

    Reply
    Please complete the required fields.



  • Libertas: How would your immigration control work in your no tax, no government society? Perhaps your society would just shoot people who they didn’t recognise or hold them hostage… a bit like Somalia of recent years.

    Reply
    Please complete the required fields.



  • Eurozone heading for downfall (oh no! not another Youtube remake).

    Seriously, Katimerini English just tweeted that Greek tax arrears grew by €800m in March, total for 2013 is €2.17bln. Overall total €57.2bln. The chances of that being repaid are as high as Newcastle qualifying for the Champions League next year! Looks like Greece is next for a cash grab.

    So, the Eurozone stumbles from crisis to crisis. While there is a danger the property in the UK is a hedge against default and disintegration. If the Euro ever gets fixed, London house prices will drop!

    Attempts to flatten the gold price by Central Bankers and their bankster friends failed earlier this month when 1,100 tons of paper gold was dumped on the market in a short space of time. seems like “shock and awe” tactics are the flavour of the month! Watch out, anything could happen next!

    Reply
    Please complete the required fields.



  • Of course, quite a few Brits were enticed to buy property in Spain… wonder how they are doing… Can’t go wrong with property, can you?

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>