/biz/ - Business & Finance

Don't you have a dailymail or Guardian comments section to argue about this kind of tripe

>>22387795

thats where werid boomers post.

Borris is acting like a Trump copy cat except he doen't have the worlds number 1 economy behind him. its cringe

>>22387758
he has corona to blame for everything. he will argue that everything would have played out if that pesky virus didnt show up

>>22387857

It makes sense but considering he has overspent on COVID for no real reason compared to most country's in relative terms... he cant really blame it all on COVID because his government have fucked that up more than average too.

Good
Can't wait for the UK to collapse, that's all you deserve from the XIth century onward

>>22387758
Time to let go of ‘Britannia Rules The Waves’ and accept your new role as an island off the coast of Europe.

>>22387963
>>22387961

uhh you faggots realise britian has collapsed since about 1950 right?

what the fuck are you talking about. do euro fags still think the UK is some grand empire or something

In a way, the bong simps who voted for this Cheeto clone deserve what they get

Trust a kike and you get what you fucking deserve.

>>22387758
>GBP
Good Boy Points
Concern Discarded.

>>22387758
I don't know britbong, maybe restoring absolute power to the queen might work.

>>22388016
>what the fuck are you talking about. do euro fags still think the UK is some grand empire or something
No, that's what bongs think.
t. Bong who hates this shitty place

>>22387758
Europe is fucked. Greece basically in bankruptcy, Spain and Italy almost there. Shitty Romanian type countries poisoning the well.
UK is far superior and in a much stronger position that that festering block of shit. He can demand whatever he likes acts as he wants. The government can shit all over the divorce bill and not pay a penny if a deal is not reached and leave the EU in flames. Womp womp.

>>22387758
>He is determined to bankrupt us or what?

LOL LITERALLY WHO GIVES A FUCK WHEN YOU HOLD CHAINLINK AND CHAINLINK GOES TO 1000 DOLLARS EOY AND THE POUND FALLS AGAINST THE DOLLAR SO YOU GET EVEN RICHER AND YOU CAN FLEX ON ALL THE DEANOS AND STACEYS EOY

The thread was made by a pro-EU keyboard warrior

Probably Belgian

>>22387849
YOU are cringe man, fuck off back to r*ddit with this shit
sage

>>22388154

Before COVID i would have agreed, but they overspent on COVID and fucked deanos ability to finance audis and bmw on finance and by deano boxes by putting the downpayments to 25%.
Basically, they lost their consumer power. When deano loses his job, they will all need some gibs, further diminshing governments ability to subsidies his spending on financed cars.

The UK will have a service economy with almost no spending consumers anymore, which is their biggest commodity. combind with falling currency value, and a hard brexit and we are fucked.
If COVID didn't happen, i would have not had this opinion. COVID pretty much fucked whatever chance we had at negotiating something good.

>>22387758
You must be a special kind of person to not correlate the rise in digital crypto with the destruction of anaolgue fiat. Crypto isn't an accident. We are being dragged into the NWO and blockchain is at its heart.

>>22387758
Idk if anyone not in the UK knows this but boris just pledged 100b in something he calls "operation moonshot" and he wants to test 10m people for covid, per day. One hundred billion pounds.

Brexit deal is largely irrelevant in the long term. Slashing taxes and deregulating the economy is the real opportunity from brexit. Unfortunately, theres no political capital for that because our country is full of pakoids, deluded socialists and cowardly boomers.

Who cares what the fiat shitcoin pound does? Everything you own is in crypto, isn't it anon? I love this country, but its fucking over. We dont come back from the slow march through the institutions. Neoliberals and neomarxists will ensure there is no future in britain. Just move abroad and cash out.

what does he care?
why the fuck is it that the british public thinks a pm gives a shit about them?

WOULD YOU CARE WHAT OTHERS THOUGHT IF YOU WERE OFFERED HIS JOB?

he's just a pleb like the rest of us. he will kill the lot of us then fuck off to a private island. until we have AI government, we are doomed. it's just the natural way of things. humans are fucking useless, we're chimps, shit-chucking fucking apes. who even fucking cares if every one of us dies. not me.

>>22387758
Wish I had the copypasta from /pmg/.

Basically the UK is BONED and he's trying to collapse it and push the guilt on the Coronavirus, not the last 50 years and hard socialism. We're a country of pubs and cafe's, we have no natural resources, very little production, we have to import 50% of our food, UK gold reserves are around 300 tons and they sold most of what they had at the lowest price point in recent history (Germany has 3300 tons, Poland has almost 300 tons...) and we have a brewing cultural shift of the worst kind (British Caliphate will be formed within 20 years).

So yeah, the collapse was about to happen anyway, Britain is as heavy in debt per capita as the US, but we have none of America's military power, resources or the tech. It's over and they want to avoid riots and public decapitations, so the plan was formed to accelerate what would happen anyway and push the guilt while you can. There won't be another chance as good as this one.

>>22387961

>a Frenchman ruminating on another country's impending collapse

>>22387795
> gets hatespeech comment moderated and forwarded to GCHQ whereupon Halal Paradrop Rapetroops are deployed to your location.

>>22388562
Service economies are the ultimate meme. Late stage keynesian economics.

>>22388157
yeah im a bobo on GBP for this reason. Hopefully long term GBP seriously devalues relative to EUR and USD. When i make it this will be good for me

>>22388629
i fucking kek'd when i saw the operation moonshot articles. I just instantly thought it about some pajeet thread on /biz/ for some uniswap shitcoin.

>>22388615

I only care because i have a time sensitive position in Cash atm. around 30k GBP which i cant do anything with for several months.
aiming to fuck off out the UK for a while now. Finally getting a chance next year.
have 15K LINK and 1 BTC. Just got this shitty GBP problem i cant do anything about atm, and it looks like right about the time i can GBP will be something like 1 USD = 1 GBP

>>22388971


Kek. UK government opens a long on Bitmex/Uniswap

>>22387758
Why do none of you take Deagel seriously? You should. UK is going to collapse very soon. I'm out of here before EOY.

>>22387758
Yes he is cos hes a fuckin cunt

>>22388016
Im not sure if you have ever been outside bro but that’s literally what bongs think and why they left the EU

>>22377777

>>22388971
the tory govt is legit pro cryptos, and have bought bitcoin for testing purposes, they announced it in like 2014 iirc

>>22389182

boomers think that only. younger ones either dont know anything at all or dont think that anymore

>>22388709

I dont know how people arent seeing this. Thats why i said Boris is acting like hes trump except he doesnt have the USA millitary etc behind him to negotiate with as leverage.

He has an island full of fucking cafes and pubs

>>22388890
>Service economies are the ultimate meme. Late stage keynesian economics.
It's insane to me that most people can't understand this. I mean industry should be at least 35-40% of an economy, most 1st world countries have 15-20%.

>>22388971
you know boris posts here right?

Better to hedge money in gold or bitcoin for the upcoming collapse of the UK?

>>22389328

Oh we're gonna LEARN

one way or another

>>22387849
boris isn't like trump you brainlet, he is a career politician. he is more like biden/hillary

>>22389411
Yes? What type of question is that? Of course pm/crypto is superior to fiat right now.

>>22389218
Bollocks. Theyre pro talking points. Theyll make a digital pound, backed by BoE, just like every other country is doing. They happen to be in charge whilst these conversations are taking place. Theyll never ever do anything that's useful for crypto in the UK, such as slashing KYC or cutting taxes. Fintech exists in london as a product of London being a finance hub, not because UK governments have ever done anything to foster it.

>>22389328
Add to the fact that other countries can take most white collar jobs easily now with the internet. Eastern Europeans are just as capable as Westerners but can work for less. Poos and asians do a terrible job but they're even cheaper so companies are willing to make that sacrifice. Very shortsighted and emphasized that there are no longer bonds that unite Westerners in their own countries.

he's trying to exterminate the bongs from the inside

a real hero and a real human bean

>>22388934
Hell yh this, let the USD and GBP crash and then my meme money can skyrocket

>>22387758
just want house prices to fall lads, he seems to be doing everything to keep them up

>>22389575
What I mean is.. which is a better choice?

>>22387961
le algerian

>>22388709
>There won't be another chance as good as this one

chance to do wot m8?

>>22389852
Buttcorn probably, but bullion will always be safe. Grab a few ounces and put the rest in king shitcoin.

>>22390387
Yea probably best to mix it up thinking about it. I have gold already, could do with more oz's though. I want silver but fucking VAT on that shit.

>>22388709
>we have to import 50% of our food
may as well piss off 100% of our near neighbours then. EU gonna blockade this deranged shagger's fat arse. chlorinated tendies, anyone?

>>22390468
Vat on silver is grim
I dont trust paper silver, even if the gains are good.

>>22388709
I agree about mowing but to where?

>>22389103
USD is falling in sync with GBP largely, isn't gonna be a big as a problem you are expecting.

>>22390319
To blame the financial collapse on something that is not related to politicians.
>"Yeah, we have the worst financial depression in history, we're bankrupt, we have no gold and we can't afford free healthcare anymore. It's China's fault, it's Coronavirus fault, we dindu nuffin wrong in the last 50 years!"

>>22387758
What do you want him to do? You want to make English tea more expensive for filthy niggers to buy? Most countries are pumping out major stimulus. Almost 10% of gdp. I can imagine you fags as head of a household. Kids need food, school supplies, clothes, and you faggots say, “nah bruh, covid, gotta tighten the belt. School and eating is off indefinitely.” Good thing you’re all incel simps shooting blanks.

>>22390759
get a load of this sausage jockey

>>22388157
Im a Deano and hold a huge Chainlink stack.

>>22389525
He’s a career politician except he had a career as a journalist, editor and writer before he went into politics, so he’s nothing like a career politician.

>>22390759
>You want to make English tea more expensive for filthy niggers to buy?
yes. Export all the English tea leaves grown in the Tropical Norf and grow Coca-Cola® trees instead

>>22389807
they cant have boomers defaulting on their buy to lets. its his main job

>>22391067
True, but will the simps default on the thots?

>>22388016
The British Empire collapsed and never recovered after WWI

>>22389807
Prices outside of major bubble cities ie; London, Bristol probably won't.

We've been in a "housing shortage" for as long as i can recall, with a rising population, increased immigration, a surge in foreign investment and boomers becoming landlords. Purely from supply / demand, and the fact it's integral to the UK economy... you'd be waiting for serious economic collapse for the housing market to shit its pants. If it does get to that point, buying a house is probably not going to be a priority.

>>22388038
Technically he's a mischling. Still, one drop and all that.

How does inflation appear in bongland?
Wish they would get on with raising interest rates and secure free trade expansion with U.S.

>>22391464

Well Freddo's are 26p now

>>22391035
>went to eton, the politician school
>becomes political journalist
>becomes politician
anon i....

>>22391464
No chance of raising interest rates atm. Inflation in mainly confined to equities and property, a rate rise would crash the housing market and with it the economy...Won't happen

>>22387758
dunno what this is refering to..... we dont want a deal with the eu, that was the point of brexit. the eu can go fuck itself.... who gives a shit if they have lost trust in us, we dont need their trust because we had absolutely no trust in them at all anyway so maybe now they know how we feel?

>>22391572
Son of an MP.
Brother of an MP and political journo.
Could not be more institutional if he tried.

>>22391502
Are they actually? Fuck. Used to get on the 10p freddos, a packet of space raiders, and the latest beano and that was my morning sorted lol

>>22391668
What fucking language is this

>>22391464
Literally over a £1 for a fucking chocolate bar or a bag of crisps now m8

shocking

>>22391686
bonglish

I'm confused as to why EUfags think they're in a superior spot here. You have Germany alone holding up a massive, capsizing economic ship composed of garbage like Spain, Italy, Greece, and Poland

The UK was the second healthiest big economy in the EU, and now they're free to operate without these other shitters dragging them into hell, and somehow you think that's funny while you're on that ride to hell

>>22391464

House prices and freddos

>>22391668

Bag it up in the blue stripe, box of bangers if feeling mischievous, monster munch if u had a quid and squishy drink for me

>>22391746
this, pound been dumping since we joined, when we actually leave, imo we'll at least see a big bounce

>>22387758

The U. K. is completely finished. Our demise will all be blamed on the lockdowns. But the truth is, we were already done for long ago. The lockdowns are being forced on us in order to provide a plausible pretext for our collapse. It is a manufactured hysteria.

We have even less manufacturing than America; one third the gold, per capita, of even a country like Sweden; don't even feed ourselves; and are one of the most heavily indebted countries in the world. We are a nation of baristas and welfare-recipients. We fund ourselves with borrowed money by issuing gilts, and function only because yields are so low. But they are only so low because of trillions in money-printing via Q. E. Once all confidence in the pound is lost, and hyper-inflation sets in, we'll have absolutely nothing left. Real yields are now deeply negative, so a bond market crash is imminent.

I usually post this documentary in threads about the U. K. It's called "The End of Britain," and got millions of views a few years ago before Youtube purged it. It is narrated by the libertarian economist Dominic Frisby. Nothing has changed since it was made; only got far worse. Everybody who wants to understand what is going on right now should watch it. Then exchange their pounds for gold and silver Britannias, and buy the GDX and GDXJ on the stock market, as fast as they possibly can.

https://www.youtube.com/watch?v=og4YhOc2f2w&ab_channel=TheNatureOfTheCage

>>22391858
What the fuuuuck?!

>>22391696
>Literally over a £1 for a fucking chocolate bar or a bag of crisps
Literally 12 (twelve, count em) bags Best Bong tater crips for £1.50. Admittedly bags are of a size that would make a heroin dealer blush but still.
Bulkbuy's where its at.

>>22391464
>raising interest rates
Lol.
>How to crash the economy in 1 easy step
Raising interest on borrowed monies will absolutely fuck everything. It's how the major western economies will collapse. It's inevitable, it's probably required, but people don't want to do this.

I buy 10x6packs of Freddos to take to school and he gets 50p each.
Back in my day you could get a Freddo, an Irn Bru and a fag for that.

>>22391464

Interest-rates are never going up again. See >>22391984. To let yields on gilts go up, we'd have to abolish the NHS, state schools, the dole, and every other socialist programme in the country. No British politician will ever do that. That's why the politicians are manufacturing the coronavirus hysteria. They will "deal with the problem" by printing the currency into oblivion, and blame the hyper-inflationary collapse on the lockdowns. That's why the government is being so tyrannical. It _needs_ its excuse for what it knows is coming.

>>22391984
>>22392049
Real rates of return artificially depressed by bank of england keeping nominal rates zero while inflation increases. The crash will happen to equities and housing.

>>22391662
Cope

is this the part where all the western countries will blame chyna and then we go to war?

>>22392092

I used to sell them at school a decade ago
I used to buy muti packs of kitkat chunky, snickers etc for 3 wuid for two packs of 6 and charge a quid each, and sell the fresh jam doughnuts for 50p each (5 a bag) which i got for 25p at asda as they’d be past sell by date next day.

Easy cash for me then and kids would come to me after a while so would sell it all fast. Kept me in all my game needs back then

>>22387758
You can complain, but if Corbyn had got in office we would be verging on Venezuela level fuckery

>>22392237
That's where we'll end up anyways lad...

>>22392187
School was a great opportunity to make money. I only wish i'd invested my earnings from selling drugs in college into Bitcoin in its earliest years.

>>22392165

It wouldn't surprise me if our politicians tried to scapegoat China, and start a war with them as a distraction. Howard Buffett, in his 1948 speech to Congress, calls war-mongering the logical end-point of every paper-money regime. Our rulers will never admit that it was their own financial recklessness which caused our collapse.

>>22392165
you can't 'go to war with chyna' now, no cunt can.
most ountries import 75% or so of their medicine from chinks. Be a shitload of unhappy fucking people, switch that off overnight

Anon he doesn't give a fuck, none of them do. Their interest is public opinion and winning the next election. That's the problem with neoliberal democracy it's short term thinking of "fuck it I'll be dead by then". It's telling that their main voting base is boomers. Also the fetal alcohol syndrome Norfs who voted his party to "get Brexit done" are going to be the ones who get fucked when mega austerity is introduced and the points based system means half a million Africans and pajeets will be entering. Then he'll be on television telling them about how we all have to do our part as he announces cuts to "r en iach es" and their kids overcrowded schools. Meanwhile he will do everything he can to deregulate the (((financial sector))).

>>22392299
It literally is china though, people in this thread are complaining about the london housing bubble blaming the boomers when it was the government that let the chinks buy up all the houses in london as assets, then didn't let them out to people because that would make the house "used"

>>22392368

>>the fetal alcohol syndrome Norfs who voted his party to "get Brexit done" are going to be the ones who get fucked when mega austerity is introduced

I don't think you understand; we never had austerity in the first place. The U. K. is completely bankrupt. We have no money left. The Tories never cut anything. They never even attempted to deal with the problem. There is no meaningful distinction between them and Labour. Our spending and money-printing have only continued to go up under both parties. Look at the size of our debt, and the price of gold in the pound to verify this. We only fund our socialist programmes by borrowing money; and we can only borrow money because we print trillions of pounds to buy bonds, and drive up yields artificially. Once foreign investors stop buying our bonds, and cause the BoE to monetize the debt entirely, this country is finished. It all collapses. Nothing will be cut, because there won't be anything left to cut. No NHS, no state states, no pensions, no dole--absolutely nothing. Our welfare-state is funded by borrowing, and, when the borrowing stops, it all shuts down in the blink of an eye.

>>22388157
Can any brit explain the deano meme to me?

>>22392368

>>the fetal alcohol syndrome Norfs who voted his party to "get Brexit done" are going to be the ones who get fucked when mega austerity is introduced

I don't think you understand; we never had austerity in the first place. The U. K. is completely bankrupt. We have no money left. The Tories never cut anything. They never even attempted to deal with the problem. There is no meaningful distinction between them and Labour. Our spending and money-printing have only continued to go up under both parties. Look at the size of our debt, and the price of gold in the pound to verify this. We only fund our socialist programmes by borrowing money; and we can only borrow money because we print trillions of pounds to buy bonds, and drive up yields artificially. Once foreign investors stop buying our bonds, and cause the BoE to monetize the debt entirely, this country is finished. It all collapses. Nothing will be cut, because there won't be anything left to cut. No NHS, no state schools, no pensions, no dole--absolutely nothing. Our welfare-state is funded by borrowing, and, when the borrowing stops, it all shuts down in the blink of an eye.

>>22387795
Based.
>>22387849
>thats where werid boomers post.
Also based.

>>22392393

House prices are mostly going up because of Q. E., not foreigners buying houses. Q. E., by artificially suppressing interest-rates, destroys any incentive to save money, and forces people to invest it, in order to escape the ravages of inflation. Hence it creates enormous asset-bubbles. In the U. S., people buy stocks, which is why dross like TSLA is going up despite having a 1000 P. E. In the U. K., people choose to buy houses. That's why nobody under the age of 40 can afford to buy a house.

>>22388141
I know that feel.

>>22392501
Yeah, that's the economic reality. I was just memeing on norfs he bamboozles by doing his "British Britain" act and they think he's just like them but posh because he says some funny things and has messy hair. Best example of this is that retard Sargon simping for him. When shit hits the fan him and his public school pals will be well insulated from it.

>>22387758
ALL of the governments of the world are in on the pandemic induced economic reset. This entire year has been one grand exercise in mass hysteria. You have to be an idiot to think politicians are on your side. They are going to be rolling out the robots soon enough.

>>22392631

Its quite telling. The fact people in the UK rather buy houses than British stocks goes to show how much faith their is in the UK.

Then again it could just be culture. I dont think the UK has ever had much of a culture of buying stocks for working and middle class people.

>>22388709
>(British Caliphate will be formed within 20 years).
What the hell are you smoking?

>>22392645

Sorry, you were replying to >>22392527
(had to correct a small error)

Also, sorry if I misunderstood your point. It's because it seems to be a quite common misapprehension that Tories = nasty austerity party; but they are just as extravagant and spendthrift as Labour. Both parties have led us to financial ruin, and bankrupted the wealth of an Empire in a single generation.

>>22392631
>he doesn't know
Housing is fucked everywhere.

>>22392697

I suppose it's because the US stock market has the backing of the Fed, which issues the world-reserve currency. So the Fed can prop up all these zombie companies by printing enormous amounts of money; whereas we have to be more careful about that in this country. So, as our stock-market simply goes aimlessly sideways, people buy houses instead. The U. S. has a housing bubble, but it's nowhere nearly as large as ours. Although, conversely, Australia's housing-bubble is even larger than our own, if you can believe that.

>>22389328
Unironically read David Graeber's Debt: The First 5000 years. He deals with this in a passage dealing with a city in the American desert which dealed in "services" that got fucked due to famine in communitys paying it tithes.

>>22387758
m8 if this bullshit doesn't start to turn around within the next few weeks we are all fucked (except the US).
US is the only fucking free country left on the planet at this stage, and even that is currently being contested.
these fucking rats have got their claws in deep, especially in Ausland.

>>22392737

The U. S. housing bubble is significant, but smaller than that of the U. K. or Australia.

So is the GBP going to be worth less than the USD?

>>22392839

Both currencies are going to zero. The BoE has a meagre 300 tons of gold; like other fiat currencies, we are ultimately backed by U. S. treasuries. So, when the dollar collapses within the next few months or couple of years, the pound will be collapsing alongside it.

>>22392698
Tell me how that isnt in any way possible given the current state of England.

neets will be the new middle class.

also, can of tab clear, chomp, bag of snaps and a fag could be had for 50p.

>>22392527
Too many foreign investors have skin in the game for the UK to fail in the way you are predicting.

>>22387758
It's insane that none of you get it yet.

> The financial reset is coming
It does not matter what countries or people do, however much they spend does not matter as long as the infrastructure is in place technology wise to allow for a complete currency reset.

>>22392839

If the USD shits the bed then no. If the USD is stable from here than yes. It will imo.

>>22392938

Fuck off mr sandu would always put the prices up on individual shit and sell multipack cans. Was never that cheap m8

>>22388693
>don't care about anything including if I die
>seem to care a lot about reading threads on biz and giving my negative opinion
Yeh, we get you, Mr Cool

>>22392631
why do people say this? I own a small agrdening company in Guildford with four employees. All of them are under 40 and all of them have bought houses in the southeast in the last 3 years. The top earner of the lot gets 27k, granted they've all got partners but still, home ownership is definately achievable on an average salary.

>>22393284

It is objectively true that it has become enormously more difficult to buy a house in the U. K. than it was before. Picture related is house prices adjusted for inflation since 1975. Also, if your employees acquired their houses via credit, then they are debt-slaves, not owners.

>>22393390
I don't see how taking a mortgage t 1.3% makes you a debt slave? Obviously you're correct, it's definitely more difficult then it was but that wasn't the argument, the argument was it's impossible for anyone under 40 which isn't close to true.

>>22393467

The statement was hyperbolic, but only in the same way as you might call a complexion "white as the driven snow." It gets the point across. For example, the Institute for Fiscal Studies says:

"The chances of a young adult on a middle income owning a home in the UK have more than halved in the past two decades... For 25- to 34-year-olds earning between £22,200 and £30,600 per year, home ownership fell to just 27% in 2016 from 65% two decades ago."

So, yes, some young people obviously do own houses. But it used to be most of them, whereas it is now a small and increasingly-shrinking minority. And if you had to take out a loan to get the house, what is going to happen to you when you lose your job in the coming economic collapse? What happens when you get trapped in negative equity?

>>22393600
You're going to have accommodation costs regardless though. My mortgage is £180k and costs £640 pcm average rent on a similar property is nearly £1800 pcm. The debt slavery idea is nonsense imo

>>22393813

People who have been forced into renting are slaves to the system also. They wouldn't have to do so if houses were fairly valued, and the asset-bubble had not been created in the first place by Q. E.

>>22393813

Call it what you want.
Anon just gave you factual evidence of home ownership halving in 20 years for under 40s.

Now post your counter evidence

>>22393813

Forgot to add to this, you pay so little on your mortgage because interest-rates are minuscule. We only keep interest-rates so low because of Q. E. If we turned off the money-printers, interest-rates would go above 20%. Probably interest-rates will never go up, because we'll simply hyper-inflate the currency into oblivion to prevent that from happening; but then, who knows, the government may refuse to let people's debts get wiped out, and simply restructure them under a new system. And that system won't have low interest-rates.

>>22394021
QE started in 2008 after the financial crisis, a crisis caused by excessive borrowing on subprime mortgages due to people trying to make money off rising house prices` ergo house prices were rising massively before QE. I really think housing in the Uk is more a supply and demand issue: you can't import 8 million adults in 10 years without increasing the housing supply and not see value increase .

>>22394046
I didn't dispute anons claim. I disputed the fact it was basically impossible for people under 40 to buy a house in the uk.

>>22394125
Agreed, do you think making homeownership more expensive would be a net positive?

>>22394147

it is partly supply and demand but its also because in the UK there is NOWHERE else to put your money.
Look at house prices in terms of gold etc and it will make sense.

Right now is a good example. They are demanding 20-25% down payments for even the most basic homes. Sure interest rates are LOW now but the average under 40 does not have 80-100K to put in for a down payment. What do you think the implications of this are long term?

Short term we see: SHIT quality awful homes SOARING in value. Make sense? No. I'll explain why.

All these young people, who are large in number, are bidding up the very minuscule number of homes available for a 5-10% down still. Where as in Januaray in any given Realtor there may be 2000 homes available for a 5% down with 2000 people looking to bid. Now we have 60 homes with a 5-10% down available with 2000 people still looking, and having no option but to go for them as a 25% is not possible for them.

so they are bidding up the tiny supply with their demand.

This is a short term phenomenon though. Please do not confuse immediate situation with the bigger picture and long term ones.

>>22394302
When you say there is nowhere else to put your money; What has a basic ETF paid over the last 10 years?

>>22394147

Q. E. has essentially been going on for decades. It's a new term for a variation on an old idea, artificially suppressing interest-rates. We only started Q. E. because short-term nominal interest rates (Fed funds in the U. S., official bank rate in the U. K.) were already at zero. Artificially low-interest rates caused the Dotcom bubble. Instead of letting the economy heal, the governments of the world then reinflated that bubble, and created a housing bubble. Then, when that bubble burst, they created what we are living in now, the Everything Bubble. And, when this one bursts, the entire system will collapse along with it.

>>22392510
Lower middle class chad consoomer.

>>22394416

Are you talking about British stocks and ETFs or foreign?

Because traditionally, even having access to the stock market for brits was gate kept by things like minimum equity of 25Kgbp, with foreign stock access sometimes available.
Partly why we dont have a culture of it. Thats why people put their money into homes like crazy here. There is (not really these days, with the growth of stocks and ETFs having very easy entry, but it's still culturally ingrained) no other palce to secure their wealth, and thats what boomers and people have always done.

Even now most young people carry on that mindset. Just becase a few people go against the grain or had access doesn't make it what the larger society does, and that is the point when it comes to a large economy of MANY people and not individuals. So yes, on an individual level you are correct, but i think that anon is talking in broader brush strokes of the entire society (economics) where you are zooming in on individuals.

Savy younger people will make it out of this by exploring those options now but that still not common practice. Ask boomers in the UK about stocks and they look at you funny, ask American boomers and tehy wont shut up.

>>22394257

I think that the world is better when things are cheaper, not more expensive. If houses were less expensive, the standard of living of the average Englishman would be improved. In my opinion, we are immensely poorer now than we were when a working man could buy a house at 2.5x earnings, and provide for a wife and family with his wage. All we have to console ourselves with now are consumer goods and flashy modern technology, which we can only still afford while we are able to borrow money--for a little while longer.

>>22394507
I think we're in agreement on most of this. Where i disagree is that a mortgage is debt slavery; it's quantitatively better than the alternatives and that it's basically impossible for an under 40 to buy a house in the UK. I've just checked and 34% of under 40s own their own homes, thats larger than the percentage of under 40s that are over 6ft tall: surely you would agree that the statement that it's basically impossible for an under 40 to be 6ft tall is ridiculous? You've already explained that this was hyperbole so we should probably leave this here, have a good evening mate, i hope you make some money.

they are going to raise capital gains tax to 40% in November
THEY ARE GOING TO RAISE CAPITAL GAINS TAX TO 40% IN NOVEMBER

>>22394730
they don't own anything until every last penny of that mortgage is paid off

>>22394707
I agree with this

>>22394730
mortgaged is not the same as owning a home

>>22394768

mortgage is a lost job or one financial disaster or even one personal disaster away from being gone and having nothing.
Sure you can act to try insulate from that but the fact you need to means you are enslaved. for decades in some cases.
for many its a choice between that or kids.

in the longer term when you paid it off and it becomes an asset its a different story, but history has taught us that that is not a certainty.

>>22394730

If 34% of under-40s "own" their own home simply because of low-interest-rate-driven debt, and a large part of them are going to be evicted when

1) They lose their jobs soon;

and or

2) Interest-rates go up,

Then the real figure of true ownership is much lower than that. And as I said in this post, >>22394021 I don't affirm that people who rent are any better off than homeowners. I say that they are victims of the system also, because they are forced into renting by the exorbitant price of houses. As you understand, my statement was hyperbole. It's no different from e. g. John Cleese complaining: "Immigrants have taken over London. London is no longer an English city." Imagine if somebody answered, pedantically: "34% of the population is still English! What are you on about, 'taken over London'?." You see what I'm driving at here. Hyperbole is an acceptable figure of rhetoric when it gets a point across accurately. At any rate, goodnight to you also, and thank you for the discussion.

>>22387758
Fascists have no idea how to run an economy. Drumph single handedly destroyed our economy over here in the states too.

>>22394890
yea exactly you're stating the obvious bro

more importantly for anyone who is not actually a poorfag in this shit country
>>22394743
>>22394743
>>22394743
>>22394743

WTF BORIS? YOU SPINELESS PIECE OF SHIT I KNOW YOU DON'T WANT THIS, DO SOMETHING

>>22394970
Ironically Nazi germany's greatest success was its economic policies.

>>22395028
I don't think that will happen. Their donors would be most unimpressed.

>>22395070
And destroyed it, along with the rest of the country.

>>22395070
so successful they had to keep invading countries to sustain it

>>22395195
The invasions lead to the economic down turn. Before 1936 the economic recovery was unprecedented, no serious historians dispute that.

>>22395274

Actually, every single serious non-Keynesian historian disputes that, and even many Keynesian ones.

https://mises.org/library/starvation-and-military-keynesianism-lessons-nazi-germany

"The Reich Food Estate, the state-controlled corporation responsible for agricultural production, regularly failed to feed its people. Agricultural output rarely surpassed 1913 levels, in spite of 20 years of technological advancement. Demand outstripped supply by 30 percent in basic foodstuffs like pork, fruit, and fats. That meant that for every ten German workers who stood in line to buy meat from the state-owned supply depots, three went home hungry.

The same story was retold when it came to cars, clothing, and iron. New houses had to be built with wooden plumbing, because iron was so scarce. Nationalized iron depots couldn’t produce enough for the army, let alone civilians. Clothing was rationed. Fuel and rubber shortages led to what one US observer called, “drastic restrictions on the use of motor vehicles.” Of course, because the state dictated which car and truck models could be produced, there weren’t very many motor vehicles to begin with."

...

"Hitler’s rearmament program was military Keynesianism on a vast scale. Hermann Goering, Hitler’s economic administrator, poured every available resource into making planes, tanks, and guns. In 1933 German military spending was 750 million Reichsmarks. By 1938 it had risen to 17 billion with 21 percent of GDP was taken up by military spending. Government spending all told was 35 percent of Germany’s GDP...

Employed on the largest scale ever seen, military Keynesianism created only ruin."

>>22387758
Almost every single globalist is trying to crash everything as hard as possible, so the great reset is widely accepted
Of course it's gonna be a great reset for your assets but not for theirs

>>22391984
Think I’ve seen you post this before, I watched the video and found it interesting only thing I’m wondering is where he got the debt to gdp ratio from, in the video he says it’s over 200% and factoring in some other debt it’s over 900% however the only figure I can find is around 100%

>>22395621
google private debt to gdp

>>22392510
painful reflection on the banality of life as a socially mobile chav

This is why I'm buying mining stocks

>>22393600
It’s probably social and gender relations that’s causing this decrease in shared housing. How many young people are getting married? How many are sticking to commit to someone?

Back in the day the average age to marry was early 20s. Now a lot of people do it into their late 20s

>>22395909
yes anon, less people getting married because they enjoy living with their parents until they are 48 now so much

>>22387758
this fat useless cunt has gone back on everything i voted him on for. more shitskins are being ferried in from france on the daily.

>>22392697
The london stock exchange is just full of shit third tier companies that couldn't make it onto the S&P 500 if they tried. They're all developed dinosaur companies from the previous century. Things like tobacco, oil mining etc.

The uk squandered much of it's wealth and technical experience. Despite having some of the best universities to do r&d in the world all the knowledge just went to helping foreign companies. None of it went intto building up a domestic tech base in the country. That's why the uk doesn't have a google, or microsoft or apple...
The best we had was the semiconductor designer ARM, but even that got bought up by the japanese a few years ago on the cheap when stocks plunged during the brexit vote. There's no point in starting a tech company here, it'll just go bankrupt due to lack of support or bought up by foreigners when it starts to get profitable.

>>22387758
>trying

>>22397342
Now you know how fucking retarded you were for voting for him you dumb sheep. Well played you got what you wanted everyone who didn't vote for him actually had eyes and ears.

>>22394890
Slavery is the correct term indeed.

I'm 22 and my parents have no issue allowing me to live with them unti l can buy a property near enough outright in the future (or leveage a morgatge while investing the house capital I have in cash ect ect, to at least beat the rate if its fixed)

I will never become enslaved, you wounder why people work a job for 25 years they hate. Your talking about it, making commitments they feel trapped to complete.

Monkeys adapt to their zoo cages after a certain amount of time. So much so they no longer feel trapped, and accept their fate. Like good fucking wage slaves.

Your a wage slave when you are forced too with no personal choice due to "yeh bro gotta pay the bills!"

>>22395274
The recovery was smoke and mirrors. I don't think you have read into the reality of the Reich. As others are replying here, many starved or become consciously poorer.

Inflation became a massive problem in post 1936 Germany, way before any wars broke out.

The economy was state controlled anyway, its very hard to get accurate data from the period as many party documents were fudged or outright false. To bring the impression that certain industries were performing well to win contracts so forth.

It gets increasingly bad as they invade countries yes.

>>22397679
Who else would we vote for? FPTP literally has him or a loony fucking socialist Corbyn?

The lesser of two evils.

good as a burger I have to say bongs are literally the fucking worst

britain is literally going to be greece 2.0 at this rate lol

>>22392165
literally impossible. there's no conceivable pretext under which you could mobilize the western masses for a war with china unless they had boots on the ground and were invading india or something. china is too smart to ever let a war with the west be feasible, they will just let it slowly crumble. the silent generation and boomers have so much to answer for but they never will.

>>22389681
Bloody hell mate i was just thinking of this, in our post industrial economy i do wonder what we should do for a living, construction has been taken over, most white collar jobs outsourced, i just think what the hell are we to do