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Let's like a long hot summer.
Let's blame Murdoch.
And if Lloyds goes, the ones that will follow are Barclays and RBS.
And if Lloyds goes, the ones that will follow are Barclays and RBS.
I thought RBS left quite some time ago. What remains is only a government zombie, left to collect mortgage payments.
Jesus, is it Christmas? I can't wipe the smile off my face. Oh well, have to cover the longs now.
Fuck me sideways. I was expecting France before us. Bring it on, let's get on with this shit and have the forest fire we so richly deserve.
Strange, I too thought we were in on the game to bring down the continent first. This is an unexpected development. Time for a strategy change methinks.
It's no surprise, really. The UK is far more prepared for a police state lock-down than the continent...and they're not part of the Euro. (The collectivists are only trying to defend the Euro so that, after TSHTF, they can merge others into it before transitioning to their global currency). Still, the Euro doesn't look like it's going to go the distance either...and if it fails first, then their grand plan is fucked [again].
Maybe, maybe not. It's not just governments, the Rotschilds and the New World Order that the EU is about. It's also about common market and the ability to work and travel without borders in Europe. If the euro collapses many people who actually work for their money will lose a lot more than bankers. They have money to buy all the land and gold to prepare much better than any salaried worker.
So, if you want the euro to collapse for your own mind games satisfaction, you're going to see a lot more than this, I assure you. It's going to be the average workers who will get mostly hit, not the rich.
I hope UK house prices get smashed. Kids are unable to buy, people cannot sell, buyers are waiting for drops because they cannot get funding.... yet the VI's continue to ramp or deny any problems...
Benny Hill, I mean Mervyn King (see photos of both) is raping savers with low IR's, everything is always "unexpected" when he speaks or even transitory LOL.
Bring forth the guilotine.
You should take a look at singapore then.
Fucking 99yr leasehold govt subsidized housing going for almost $700/psf.
Gonna be a major fuck show here.
In 2008, the govt had to raid the reserves to pay companies not to layoff people.
The credit bubble has only gotten bigger since.
Vancouver and the restvof Canada will be a blood bath beyond recognition
True, but especially Vancouver. Very worried about an earthquake/Tsunami there in the relatively near future. Don't live there!
Talking with an investor just back from Singapore on the weekend and he is of the opinion that Singapore could melt down pretty fast, in particular when old Kwan Lee Yew dies, maybe in a 3-5 year time frame.
+1 x the oncoming hyperinflation UK House prices for 50% drop (Required).
Turning credit deposits into Goverment debt can achieve that objective - it can peserve some value to the currency while eliminating the rentier class from transactions that should be cash rather then credit based.
My grandparents have 2 london homes worth about £600,000 apice, my parents have two homes worth about £450,000 apice. My grandmother told me she isn't leaving me anything - but will leave it all to my father who "knows about money" who can in turn leave it to me. I have £20,000 of physical silver, £10,000 physical gold, £4,000 dry powder for the summer, earned mainly through working a job that I hate.
Whatever, I gain in precious metals my family will lose when house prices tumble; however, I hope they won't need healthcare, support, care during their old age, because if they're prepared to throw away all that money they deserve everything coming to them - I won't give them a penny!
Sounds pretty harsh. They are your family. Blood is thicker than money mate.
In any case, I interpret he/she intends not to shoulder the full weight of liability for the origination of their understanding and the decisions they make based on it.
Entitlement is a bitch
That's hilarious man. In not short time your wealth will be transposed with theirs. Sweet justice. You don't owe them a penny either.
Trust me, blood ain't thicker than money, when you're related to (only by marriage I hasten to add) bigoted, small-minded, selfish, evil fucks. I could go on, but can't be bothered.
You have my sympathies. My mother did something similar - she lived in Sloane Street - and gave it all to my brothers.
I moved to Melbourne to get away from that crap. Can't wait to see their inheritance vapourize as they are true believers in the status quo continuing.
Lemme guess, Psycho: based on what you've written, the handle "Psycho" isn't random at all, is it. I'll also hazard a guess that you're 30 or younger, and everything you know about Honor, Duty, Family, and Ethics has come from your exhaustive study of porn, "Grand Theft Auto", and "The Wire". You sure *sound like* a warm, caring, wonderful chappie, old sport. One simply can't *IMAGINE* as to why Grannie would choose to leave you not so much as one lousy quid.....
Work for your money you leech dont expect to be given it
Commerzbank ? They just passed the stress-test ...
I'm in fetus position...
Far more comfortable and better prepared than the head up ass position.
And how do we make money on the Italy bonds that are about to skyrocket? Any Italian bond ETF?
And maybe even a US bond ETF?
ITLY is the italian bonds etf, but I'd rather short EU and US banks stocks as a hedge
Race to the bottom for the paper fiats...
GOLD is the Go-To guy, for the next 10 years...
wow .... it was only 3 weeks ago talking about Italian contagion ... it sounds like a century ago .... so much going on.
as the chinese curse goes: "may you live in interesting times" ... those goddamn chinese ... it was easier before just iron curtain and it was over ... so simple - everyone happy ...ohh the good old days ...
Perhaps the UK can cash in some of it's bloated UST holdings in exchange for Gold from Fork Knox at $47 an ounce?
That would settle things in a hurry, no?
I mean, yes?
You mean, "what"? The Ft Knox GoldVault is a vacuum chamber.
Wow, I saw it coming.Moved all my cash deposits from Bank of Scotland back to the fatherland a week ago.
Might as well have a global banking crisis, but I might still be better off with a German bank account.
Too bad you can't run to D-Marks. Oh well, there's still the Swissie.
It's still just digits in a computer. Scotland to Germany = Pound Sterling to Euro, correct?
Meh, I'm not sure which bank matters at this point.
Not Blighty - we gave the world cricket.
can we give the world Prince Charles as well
Might have to break out the popcorn and lawn chair a bit earlier than expected...
Must ask: These big traders with their e-nor-r-mous profits are still going to be holding assets based in increasingly worthless fiat, or fiat itself.
Are they so blind?
It just strikes me as utterly debauched. With JIT delivery hitting the on-coming credit wall - where are they going to get the goods they need to survive? And, how will they convert their (ultimately) trillions of worthless fiat into a stable store of value. Then, they will be the greater fool?
Is it that "None are so blind as he who will not see"?
Soesn't Paulson have a fund denominated in gold? Me, I just went directly to phyz gold.
Fear not for the banksters. they will leverage their fiat accounts.
When the manipulated stock markets collapse,
and the captive governments privatize with fire sales,
the financial vultures will swoop in to feast.
It looks like the elite are seeking long-term domination, not short-term profit-taking...
That's perspicacious. I think it is also described as picking up pennies in front of steamrollers.
The stable store of value is all the physical collateral, it might be overvalued ... but it's certainly not worthless ... the thing about wealth concentration is that even though the economy is swimming in leverage, wealth concentration guarantuees that there are people at the top who are purely creditors. The buck stops somewhere, some people will take control of all the collateral when everything comes tumbling.
I don't get it. How can UK afford to borrow money to US when they have such a huge debt load themselves?
They are all buying each others BAD PAPER...
Unfortunately all the fiats are now interlinked.
And unfortunately when one blows it can take the whole big ponzi with it.
We are in uncharted waters.
True enough. Uncharted waters, no compass, storm clouds moving in fast, wind picking up speed, waves building, and the officers of the ship are down below, drinking, watching porn, and jerking each other off.
In the deep seas of the Bohemian Grove
Its basically cheque kiting. One big circle jerk between governments and central banks.
GOLD in uk GBP Just went over 1000., welcome GBP to the "Club"...
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