well, typical and nothing new for certain leftist groups... it's not exactly an elegant strategy to change the world for sure
Just seems to have escalated very quickly. I understand that extreme lefties have no respect for any property which is inherent in their ideology, but the level of destruction is just stupid. I suppose I'm not familiar with blockupy though. |
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Is anyone else shocked at this?
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I don't know about Scandinavia, but the UK economy is like the least dirty shirt in a pile of laundry. 'Far better' would be too strong a word IMO. It has one of the highest level of consumer (and government) debt in the world.
I would say "far better" is not too strong compared to Greece and Spain. The debt and budget deficit is nothing to be proud of, unemployment fell to 5.8% which is very good by EU standards. We had a close call with the referendum, but that's behind us now. At least the government has some control of it's currency.
Not giving up the British Pound is the best move ever, sterling is still one of strongest currency in the world. I agree, many people I talk to LOVE the euro because it's convenient. It's crazy. They will readily admit to knowing nothing about economics but relentlessly defend the euro. |
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Interesting stuff r0ach. Will love to see how you get along with this.
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Dead before it even started, wait, you can all borrow money at rates that aren't applicable to you state's balance, yet who cares, every citizin will have to pay for every mismaneged country, the whole idea was ridiculous and a farce, look at Scandinavia and UK go, they didn't need the Euro, yet their economy is far better....
I don't know about Scandinavia, but the UK economy is like the least dirty shirt in a pile of laundry. 'Far better' would be too strong a word IMO. It has one of the highest level of consumer (and government) debt in the world. At least the government has some control of it's currency. Scandinavia is a very big area my friend, don't know which COUNTRY you referring to, but several countries in Scandinavia do FAR better then most countries in the EU, it's a fact, not really up for debate. Then there's the social programme's, which are far more sophisticated and expensive, yet they still have a better economy.... When I said I don't know, I meant I have no intimate knowledge of those economies. But I am skeptical of Norway's long term prospects when their oil wells run low. |
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It's capitalism that's dying, the collapse of the EU is just a symptom.
Evil capitalists using all that free market created by the European Parliment.  |
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Nadeem Walayat is usually correct. Appears buying a house in the UK or getting involved in UK real estate will be sustainable for at least 2 years; whereas, Europe is ready to slide over the cliff as of October. http://www.marketoracle.co.uk/Article49783.htmlYes, his forecasting is pretty good, especially regarding the UK. He has been advocating property in the UK for a couple of years if I remember rightly. Yes he did. And apologies I was thinking the UK would bust with Europe as of October 2015, but now I realize the USA and UK are independent because they (or were) reserve currencies[1] and thus they will get ingress of capital that is fleeing the collapsing EU, China[2], and Japan in 2016. | [1] | ...There are banksters in every nation on earth. For now, they just happen to be concentrated in New York (and lingering in London) for the moment, because that is where the seat of financial (and military) power is held because the USA (and formerly England) holds the world's reserve currency [i.e. they are the current financial capitals of the world].
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[2] https://bitcointalk.org/index.php?topic=985481.msg10794406#msg10794406Perhaps this ingress of capital will be the final impetus for the London property bubble to ultimately top. I've been trying to think of what could cause this outside of young families finally being completely priced out. The UK government seems committed to propping up the property market (understandably so) too. |
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Dead before it even started, wait, you can all borrow money at rates that aren't applicable to you state's balance, yet who cares, every citizin will have to pay for every mismaneged country, the whole idea was ridiculous and a farce, look at Scandinavia and UK go, they didn't need the Euro, yet their economy is far better....
I don't know about Scandinavia, but the UK economy is like the least dirty shirt in a pile of laundry. 'Far better' would be too strong a word IMO. It has one of the highest level of consumer (and government) debt in the world. At least the government has some control of it's currency. |
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this is the european union we need
You can troll better than that. Come on! |
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Well, an affordabe option would be Amsterdam-Noord. With the metro line coming in a few years (maybe 10  ) this will be a good investment for the future. IJburg is an option. The centre is always a good investment, but can you afford it. The rent is very for a loan is very low at the moment, so good time to buy! Thanks for the input, I didn't know about the metro line being built. For now I am going to see what the market does. I have not mentioned that my bank has changed the terms of any mortgage I take from them, so it's not as attractive to me to buy a house right now. |
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just buy btc man......fuck the bank and there mortgages in an inflated property market.
half the city is laundered money.....
Part of me says yeah this is adult Disneyland for tourists and prices just go up, especially for short term holiday rentals
the other part of me says...... soon, maybe even now given recent articles, the average person cannot afford the house prices here, something has to give.
either its is doomed to be the Venice of the north, where no one stays but everyone visits or prices need to go down, that's rental and buying.
HODL!
Fuck it i'm drunk, what do i know......
I agree, while the UK housing is manipulated up, it is coming to a point where no-one can afford to buy, especially in London. So either I'll be kicking myself in a few years time or I'll be witnessing another bubble pop in the UK and here in Amsterdam. I have no idea how the average guy could afford anywhere even close to central in Amsterdam. |
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Nadeem Walayat is usually correct. Appears buying a house in the UK or getting involved in UK real estate will be sustainable for at least 2 years; whereas, Europe is ready to slide over the cliff as of October. http://www.marketoracle.co.uk/Article49783.htmlYes, his forecasting is pretty good, especially regarding the UK. He has been advocating property in the UK for a couple of years if I remember rightly. I will be waiting until October to see what happens probably. |
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Mike Maloney, is a starting point. But his oversimplification and outright dogma is actually a very narrow-minded view of the monetary system.
He is also associated with that Kiyosaki character who is equally shady. It is my personal opinion that MM et al are a bunch of dishonest hucksters and charlatans.
Take it from someone who has consumed a lot of their material.
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---------------------------- Original Message ---------------------------- Subject: Mar 16: Armstrong is a central bank apologist & will fail to restructure before we crash & burnFrom: iamback Date: Mon, March 16, 2015 7:37 am To: "Armstrong Economics" < armstrongeconomics@gmail.com> -------------------------------------------------------------------------- Thanks for this CC. Hopefully can start deciphering Armstrong extensive writings. Need to up my speed reading. Careful with following everything Armstrong says. He is a central bank apologist and he wishes for a restructuring hoping the coming abyss will be avoided. But he will fail. His computer model timings are correct. His interpretation of his computer model timings is sometimes flawed. For example him advising you that a mortgage will protect you from a housing collapse or egregious taxation. He can't be sure of that! He is hoping for a Solutions Conference, but remember the Petri dish model in my "Understand Everything Fundamentally" in my essay linked from the opening post of this thread. The cancer doesn't slow down until the host is dead (food supply is exhausted). Thanks for the warning. I'm just trying to get a comprehensive understanding of his thought process quickly. I'm already extremely impressed with his historical knowledge. I understand why (in general) gold bugs dislike him so much, it's silly how personally they seem to take it. |
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Thanks for this CC. Hopefully can start deciphering Armstrong extensive writings. Need to up my speed reading. |
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Interesting post from Armstrong: HereLocking in a mortgage at these low rates makes send for it will be a hedge against the real estate. The 15 year mortgage is more practical in that it saves interest costs. The 30 year was a Great Depression invention to try to support the real estate market by allowing people to buy on a highly leveraged basis.
The purpose of the mortgage at this time is purely as a hedge. You should be able to make far more on that money even in stocks long-term. The downside of real estate is that this asset class is not movable. Hence, it can be taxed into worthlessness. The greatest risk we have is that government raise taxes to insanity as municipals go bankrupt. They will raise taxes looking only at the instant need and not at the long-term consequences of their greed. The mortgage will allow you to walk away if need be in times of chaos.
The taxes will not be raised to that extent, for the politicians themselves and everyone involved are too deep into this mortgage structure with tax deduction they cannot sanely make that decision. They would undermine their own homes, greedy and all they have the most profit from the system and the biggest incentive to come up with a different sollution. That has been my thinking too. Armstrong advocates 3 outcomes: Deflation, Restructuring of debt or Inflation, I'm still not versed enough in his writings to decipher the ultimate result that he advocates (for Europe) over the next few years. It seems to me that there will be defaults with Greece starting the fun, I'm not sure what happens after that, doesn't bode well for the euro though. |
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Sadly this failure was predicted many years ago. I've been thinking a lot lately about the fall of Europe- it's responsible for many great things over the centuries. Being British and loving the once vibrant culture of Europe it is sad to be living in the tail end of it's demise but perhaps it is natural? Cultures and races rise and fall, now it's time for Europeans to become acquainted with the reality of their idealogical obsessions.
I think one of the most salient questions is will Europe descend into out and out socialism or will their be a re-emergence of common sense? I honestly don't know the answer.
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Nice update cin, good luck with your future efforts!
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I just laugh at them. Sorry i dont want to be mean, but really, they deserved it, stupid people voted leftists into power what else did they expected? All leftists are an organized robbery network when you legitimately steal from people to give it to others. They are too cowards to loot their banks so their start looting their own population, whom voted for them, it's just ironic. These idiots never learn that leftists are really the lowest of the lowest scum, and they will vote them again, and again and again in power until they destroy themselves. Well good luck Greece, you just signed your own demise by handling power to leftists, but really what did you expected from leftists?  The political situation is far more complicated than you make out. Though Varoufakis (Greek Finance Minister) is a self proclaimed 'Libertarian Socialist/Marxist' he is probably one of the most pro-capitalist lefties around. Also, isn't it a coalition government with hard-right elements? Granted the lefty government will destroy their economy, but I believe this looting is troika directed. Once they break from the EU, hopefully Varoufakis can influence the legislation of the Greek government- IMO he is truly Greece's only hope of getting out of this mess in the next 5-10 years. |
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Theyre between a rock and a hard place. If they default its economic chaos, and if they stay with the Euro it's still economic chaos but perhaps slightly less disastrous. And that's if things actually go how they want.
But yeah, they need money. That's not a secret.
I think if you just look at the numbers, it is only a matter of time before they outright default. It's a dog and pony show to keep liquidity in their banks and roll over their current debt right now. Next stop capital controls. Then the fat lady comes out. |
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