Why is the UK property market fake?

https://cyberlibris.typepad.com/blog/files/Goodharts_Law.pdf

No more corset controls on the banks since 1979/80. Goodhart pre-empted it.

Now they loan to things that don’t boost GDP including mortgages.

It’s included in debt to GDP though.

Boosted in addition to the retarded notion of a crumbling hovel being a “retirement” fund.

Funds and other assets don’t depreciate.

Don’t bail out bad property investors, they’re idiots.

You wanted the reward, the risk is also ALL yours.

The ‘competition and credit control’ reforms, which removed direct controls on bank
lending, had been introduced in September 1971 and a dramatic surge in bank
intermediation, leading to broad money growth rates in excess of 25%, had resulted in
1972 and 1973. The conclusion drawn by policy makers in 1973 was that the only
option was to supplement monetary targets with direct controls on banks through
Supplementary Special Deposits known as ‘the Corset’ (See Zawadzki, 1981).
Modest interest rate changes seemed powerless in the face of this monetary expansion
and the previously stable money demand function seemed to have broken down. This
was clear well before 1975, but Goodhart (1975b) was a summary of the current
problems of monetary management, as the title suggests.

So Labour want rent controls but not bank controls.

I wonder (((why))).

Goodhart’s Law is the statement missing from the square brackets in the quotation
above. It says: “Ignoring Goodhart’s law, that any observed statistical regularity
will tend to collapse once pressure is placed upon it for control purposes”.

“Houses as Collateral”
https://www.newyorkfed.org/medialibrary/media/research/epr/02v08n1/0205aoki.pdf
“First were the removal of exchange controls in 1979 and the direct control of bank lending (“the corset”) in 1980″

http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.600.6032&rep=rep1&type=pdf
“The abolition of exchange controls in 1979 and the abolition of the last of the quantitative controls on bank lending heralded a period of rapid deregulation and increased competition in British banking during the 1980s”

They weren’t more productive in the 80s, they stole from the future (you).

The coming Communist cash grab

Orwell wouldn’t have thought of this.

https://en.wikipedia.org/wiki/Unexplained_wealth_order

Notice the focus?

Liquid assets, especially jewels, difficult to trace themselves.

If you don’t have the paperwork for those family jewels, guess what?

They don’t DARE look into real estate purchases by foreigners.

50 million mansion versus 120k necklace?

Stunning and brave.

Perceived taxes more left-wing than actual

OLD but gold

Welfare is too low, right socialists?
https://yougov.co.uk/news/2014/11/09/public-attitudes-tax-distribution/


interesting they misreport data before your eyes
“Here, the pie chart changes once again, with increased amounts going on health and education and reduced amounts going on the EU budget and government administration, relative to perceptions.”
by comparing ideal to perceived, not actual


Do they really want increases in health and education, if your control is their own delusions?

Compared to ACTUAL spending:

Health -2%
Welfare -15%
Education -1%
State pensions -1%
Debt interest -3%
Defence +3%
Criminal justice +2%
Transport +3%
Business +1%
Housing +3%
Gov Admin +1%
Environment +3%
Culture +2%
Foreign aid +1%
EU protection racket +2%

“I don’t think they found out the actual figures in between the two questions.”
Blind leading the blind.

Note: donut charts are used to lie about taxes and make them seem less.

If they were actually honest…

End the welfare cliff!

Video: Debt, usury and Trump

Name the beast, financial genocide.

C and D for debt and $200.

Occupy types and Fight Club lovers don’t understand the word usury is the old word for debt and should, hence, be laughed at.

Inflation isn’t normal, with increasing luxuries and supply, deflation should be the norm, currency mimicking surplus and prosperity. Then the banks would owe you money for loaning it to them, yes, ANY money placed in a bank is legally loaned for them to invest on your behalf, we are all investors without liberty. The most indebted people in the world run the banks and we must make them pay.

We are not in debt.

THEY ARE.

They took it into their system, promising interest (profit) and we want it AAAAAALLL back in one gigantic lump sum in a real, national currency that is valid (no usury). A bank by the People, for the People.

Their certificates of their indebtedness to the Western Peoples hold no value per se and should not be respected as “currency”. Faceless money-printers should be forced to stand on public trial, for warmongering and other crimes.

They don’t control the value of that currency because they don’t have a real job to produce value, the power is ours. The workers. Even Communists can get on board with this plan.

p.s. We’re all entitled to the option of Sharia-compliant (no interest) loans.

Video: Can national debt grow forever? [America]

Counter-question: Can the national population grow forever?

Yes, that’s the truth behind mass immigration.

It’s debt per head.

Globalization = The West innovates and gives away all the developments it made to the rest of the world to use for free. Because factories?

All the QE is in the stock market, pretty much.

Pension funds, specifically.

Don’t believe me? You’ll see.

What happens when those oldies die off? Huh…?

It’s like the old medieval trick of making a castle look guarded.

The American economy is propped up by corpses.

OT Socialism kills purchasing power by banning gold-backing. Old people living off the lifeblood of the infertile young (pensions are the socialist wet dream, the impossible dream*). They wanted minimum wage and other red tape but they also want cheap stuff.

Global debt cannot be paid off by the current global population.

We’re heading for a correction of population after economy. The financial flood, where anyone living above their IQ means will be wiped out. This includes people struggling in the West because they made the worst financial decision – they had kids they couldn’t afford.

This is the easiest world to live in, ever. If you struggle now…

This is also what happens when you feed the bears, or in this case, the people having kids with no maternal/paternal instinct to actually care for them = famine. In China under Mao, parents ate their children. In living memory.

*It’s impossible to spend more than half your life not working (I know these people), have a higher standard of living (college is not the welfare party, pensions are) and not ruin the country. Children are the original pension, if you don’t have them, nobody else’s kid owes you shit. (Although we should stop the bachelor tax for schools – a service they don’t use, that’s discrimination, parent doesn’t count as a minority group because they choose it).

The crook landlords will want a bailout, I guarantee it.

Rigged system

You’re right Jimmy. Damn it, you’re right.

It’s like a running race with someone in a Ferrari.

n.b.

Something else that I meant to mention in this video is the outstanding student loan debt. It’s insane. That will absolutely play a part in this. Additionally, there is currently more DEBT in the world, than MONEY that exists. Think of the implications of that. Lastly, i noticed when I watched this that I stated that “most people” work for publicly traded companies…which is actually inaccurate – most people work for small businesses. Something else to clarify is my comments at the end about industries that thrive during economic downturns. (I mentioned debt consolidators and hospice care – however, debt COLLECTORS and senior living establishments are really at the front of the line). Hopefully the next economic “downturn” isn’t quite as catastrophic as many are predicting.

Bank of “America”

Call Kurtis: Safe Boxes May Not Be Safe After All

“Federal rules say banks can drill a box without permission only when there is a court order, search warrant, delinquent rental fees, requests from estate administrators, or if the bank is closing a branch.”

How along until they liquidate it for a bail-in?

“However, none of those reasons applies to any of these cases. Safe deposit box consultant Dave Guinn trains bank employees on proper safe deposit box procedures. He says federal law requires that banks give customers adequate notice.

“A notification should be made either by registered letter or by certified receipt letter,” said Guinn.”

Savings, yes, but for who?
I’ll bet you the gold was pawned.
“She says, “I can’t ever replace it. It’s irreplaceable, doesn’t matter how much its worth.””

This should be unacceptable theft.

In a real America.

It’s easy to realize and hard to admit that the reason Cabal got such a firm grip on America, more than any country, is that they must have had a hand in its founding/treason.

Instead of bread and circuses, foodies and selfies.

comment explains how it happens
“This happened to me recently as well. I was lucky, my stuff was still in the box. But I was told they couldn’t find a record of it in their computer system, but managed to find a paper copy of my contract which didn’t have an account number on it. What kind of a bank does this?”
First they delete you.

Also, what is a bank if your racial enemies own it?

They don’t have to confiscate anything, you line up to hand it to them!

“Over many decades there have been numerous ‘independent news sources’ warnings of these very things coming, but people mock the warnings as ‘conspiracy theories’. How far will it have to go? When savings/checking accounts vaporize will people believe the ‘crackpot warnings’ then? With regard to money – notice the bills say ‘Federal Reserve Note’ – the people don’t actually ‘own’ that money…the Federal Reserve does; they are only granting the holder permission to use it. But they can, and do, at times, simply confiscate it on a whim. The people haven’t owned money since Gold and Silver Certificates – which were payable in actual gold and silver, which has real value – were done away with. Federal Reserve Notes are backed by nothing. We’re in the middle of a huge Ponzi scheme.”

I disagree.

I can think like them.

A note is a contract, yes?

Note of slavery bond(age).

OR

The money owns the people.

Think about it, the rich are most invested in that system. Like quicksand.

The poor cannot rebel, needing it to survive. It’s perfectly constructed.

Why aren’t you allowed to be paid in anything else? Simultaneously buying dead debt and going into it.

Why are there too many confusing “laws”? Gods make real law. Who are the guards?

You work on the invisible grey plantation, they give you little green tokens and you thank them.

Oh yes, you thank them for it.

I may have had too much coffee today.