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).

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!

Missing babies

https://www.bbc.com/news/uk-scotland-41122888

Not to be funny, but is she sure the child had actually passed or wasn’t simply “pronounced” dead so they could take it away and do whatever they wanted?

It’s a very big difference. The rush to take it away before she saw it suggests latter.

If it was only pronounced, it could’ve been sold.

You can give children drugs so the pulse becomes impossible to detect without machines.
This can convince relatives to be blackmailed into “organ donation” aka human butchery.

Children and especially young women go “missing” in morgues all the time.

Note the gaslighting as she asked questions – the State owns you all like cattle and your consent doesn’t really matter.

No-Go Sharia Zones

https://www.express.co.uk/comment/expresscomment/261698/There-is-no-place-for-sharia-law-in-British-society

“You are entering a shariah- controlled zone,” they read. “Islamic rules enforced. No alcohol. No gambling. No music or concerts. No porn or prostitution. No drugs or smoking”.

Invaded.

Fine, all Sharia zones are welfare-free zones.