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There is very little industry in Blighty, the early 80's killed all the "dirty" old stuff off & we went for Hi-tec stuff. Sadly so did everyone else, so we where left with 3:-
City of London Ponzi scam:- Busted, shown to be a con
North Sea Oil:- Falling off badly, 4million Bs a day to under 3 & falling fast.
House prices:-
Ah yes the Limey love of getting rich by not doing any work........simply buy a house & watch inflation lift its value. Sadly for the British SCUM the last 10 years worth of inflation has turned DEFLATION. They had a lovely run since 1997 & Labour decieding to have a boom to cover their mass killing in Iraq & else where.
Now house prices are trying to correct & the new goverment is trying just as hard to stop it. It now seems that they got or are getting message that the market IS going to correct:-
http://www.telegraph.co.uk/finance/c...ng-market.html#
This is good news, people can see the price crash in Ireland & US & are NOT going to sign up to the INSANE prices. However, this is VERY bad news for Banks & the goverment. The unwashed scum whom went house flipping or home ATM or BUY TO LET are going to go bust VERY quickly.
Its a bitter pill (Expect for those of us with sense) but the Real World, FREE Market is trying to correct the USSR/CB model.......i think its coming home to Blighty very soon now........Gods speed!
mike
City of London Ponzi scam:- Busted, shown to be a con
North Sea Oil:- Falling off badly, 4million Bs a day to under 3 & falling fast.
House prices:-
Ah yes the Limey love of getting rich by not doing any work........simply buy a house & watch inflation lift its value. Sadly for the British SCUM the last 10 years worth of inflation has turned DEFLATION. They had a lovely run since 1997 & Labour decieding to have a boom to cover their mass killing in Iraq & else where.
Now house prices are trying to correct & the new goverment is trying just as hard to stop it. It now seems that they got or are getting message that the market IS going to correct:-
http://www.telegraph.co.uk/finance/c...ng-market.html#
This is good news, people can see the price crash in Ireland & US & are NOT going to sign up to the INSANE prices. However, this is VERY bad news for Banks & the goverment. The unwashed scum whom went house flipping or home ATM or BUY TO LET are going to go bust VERY quickly.
Its a bitter pill (Expect for those of us with sense) but the Real World, FREE Market is trying to correct the USSR/CB model.......i think its coming home to Blighty very soon now........Gods speed!
mike
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