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Post by Clinton Cool on Feb 23, 2021 9:18:16 GMT
Financial that is. Endless money printing with no plan to repay it. Booming property prices caused by the increased money supply and government policy. Savers in their droves withdrawing money to either buy property, commodities or alternative currencies, currencies that government don't regulate. An environment in which powerful and popular voices support the money printing, and seek to ramp it up further. A movement so strong that government, and any potential new government, must follow these voices or otherwise commit electoral hari kari.
Where will it all end?
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Post by quaysider on Feb 23, 2021 9:21:01 GMT
I'm ahead of the game here (re financial meltdown) ;-) The last couple of years have given me a head start I'm sure.
It'll end with folk throwing their hands in the air, selling whatever assets they have and throwing themselves to the mercy of the state for old age - at least that's my back up plan when every thing else I try fails.
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Post by Deleted on Feb 23, 2021 9:30:15 GMT
I don't really see much difference to when Blair urged us all to spend, apart from crypto, shit will happen, house prices will fall, people will lose jobs.
on and on and on it will go, the merry go round of life.
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Post by patty on Feb 23, 2021 9:45:16 GMT
I don't really see much difference to when Blair urged us all to spend, apart from crypto, shit will happen, house prices will fall, people will lose jobs. on and on and on it will go, the merry go round of life. There has always been peaks n troughs with house prices..I'm an expert at buying when high and selling at a loss.....I've never sold a property for more than I paid for it(or spent renovating), in fact the reverse really. Horror House tops the list with over 100k spent on renovation...I think the making money gene passed me by as I buy with my heart and not my head... With regards career, as a nurse there would always be in employment unless health dictated not fit. Now people have to acquire multiple skills in order to work..they say there are no jobs for life anymore but I think thats wrong as the care industry will always want workers.... I think we are in for some very tough years but I'm hopeful we will come out the other side. |
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Post by Clinton Cool on Feb 23, 2021 9:56:47 GMT
I don't really see much difference to when Blair urged us all to spend, apart from crypto, shit will happen, house prices will fall, people will lose jobs. on and on and on it will go, the merry go round of life. It's interesting that you see it this way. I'm not so sure. I have a feeling that major change is round the corner. 12 months ago very few would have predicted how life for all of us could change to the extent it has. My gut feeling is that something is coming. I've had these gut feelings before, didn't act. In some cases the gut feelings materialised. |
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Post by bodger on Feb 23, 2021 12:04:43 GMT
easy to create lots of money when the interest rate is zero.
my knowledge of the economics of money supply is limited but I s'pose the aim over the next few years will be to keep rates at zero or even below.
I pity the future generations who will have to live with it and help to pay it off.
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Post by Clinton Cool on Feb 23, 2021 12:35:30 GMT
easy to create lots of money when the interest rate is zero. my knowledge of the economics of money supply is limited but I s'pose the aim over the next few years will be to keep rates at zero or even below. I pity the future generations who will have to live with it and help to pay it off. I think so too. The problem is that the creation of money creates inflation which then requires the creation of yet more money. And so it goes on. I also pity future generations but I suspect the fallout won't be limited to them. My prediction for what it's worth: The government will announce a new wealth tax. This will either be a one off tax based on assets (property, savings, pension value etc.) based on a date that has already passed, in order to prevent avoidance. Or, a lower annual tax based on wealth. It might seem inconceivable that a Tory government might do such a thing but they will justify it with their mantra 'we're all in this together'. The truth of course is that, just like the opposition, power is everything to them, far more important than principles. And, of course, the balance of power is held by 'red wall' folk who voted Tory last time. This is why this government has moved to the left of Corbyn. |
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Post by JohnV on Feb 23, 2021 13:51:04 GMT
easy to create lots of money when the interest rate is zero. my knowledge of the economics of money supply is limited but I s'pose the aim over the next few years will be to keep rates at zero or even below. I pity the future generations who will have to live with it and help to pay it off. There has always been people paying off debts accrued by previous generations when a disaster struck.
check out when the loans to pay for the South Sea Bubble were finally paid off
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Post by Deleted on Feb 23, 2021 14:01:57 GMT
The aliens are working on building a shield across the sun to form a full and permanent eclipse across the whole of earth.
The reason for this is that humans are too irritating and need getting rid of.
Gives a new meaning to the term 'full solar eclipse'.
No more glorious sunshine just darkness and eating cat food.
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Post by Deleted on Feb 23, 2021 14:13:03 GMT
they will justify it with their mantra 'we're all in this together'. Repeat after me: Certainty Over Urgency In This Together This is IRREVERSIBLE. I think I might use this as a boat name as one of them has a faulty gearbox. |
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Post by JohnV on Feb 23, 2021 14:26:39 GMT
The aliens are working on building a shield across the sun to form a full and permanent eclipse across the whole of earth. The reason for this is that humans are too irritating and need getting rid of. Gives a new meaning to the term 'full solar eclipse'. No more glorious sunshine just darkness and eating cat food. No .... that's a Dyson Sphere ...... Freeman Dyson Knows what it's all about |
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Post by Deleted on Feb 23, 2021 14:32:28 GMT
He's probably going to be the one who pushes Elon Musk off the hyper-rocket on their way to mars because of not enough oxygen for all the billionaires.
They are already taking millions of tonnes of Oxygen up there disguised as "satellites".
These are the real oxygen-stealers.
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Post by thebfg on Feb 23, 2021 19:51:08 GMT
Financial that is. Endless money printing with no plan to repay it. Booming property prices caused by the increased money supply and government policy. Savers in their droves withdrawing money to either buy property, commodities or alternative currencies, currencies that government don't regulate. An environment in which powerful and popular voices support the money printing, and seek to ramp it up further. A movement so strong that government, and any potential new government, must follow these voices or otherwise commit electoral hari kari. Where will it all end? Its alright for you, the Welsh assembly will protect you. |
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Post by JohnV on Feb 24, 2021 8:12:10 GMT
Financial that is. Endless money printing with no plan to repay it. Booming property prices caused by the increased money supply and government policy. Savers in their droves withdrawing money to either buy property, commodities or alternative currencies, currencies that government don't regulate. An environment in which powerful and popular voices support the money printing, and seek to ramp it up further. A movement so strong that government, and any potential new government, must follow these voices or otherwise commit electoral hari kari. Where will it all end? Its alright for you, the Welsh assembly will protect you. Look you, fy ffrind annwyl |
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