Its don't rain, it..........

[Mega]

.....pisses down.
http://www.dailymail.co.uk/news/arti...92-record.html

Life on Planet zrip!
F U C K e R's

I hate my life, where is the collaspe FFS !!!!!!!!!!!!!!!!!!!!!!!!!!!
Mike

[bungee]

Re: Its don't rain, it..........

It seems like the end may never come. Just look at Japan, still going on and on. Why should it stop if the central bank just keeps buying bonds and handing back the interest payments so that cost of borrowing is zero? You can borrow a lot of money at 0% forever.

It seems more likely UKIP will get elected than an economic collapse will occur.

[Mega]

Re: Its don't rain, it..........

Cheered me up a touch
http://www.bloomberg.com/news/2013-0...kepticism.html

I think when they run out of money, just as they had to print £375 Billion (devalued the £ by 24%) i think they need to do it again ......soon ish. I wonder if the goverment will call early election in the fall because they know this is as good as it gets?

Mike

[bungee]

Re: Its don't rain, it..........

Why would you believe what anyone in the BOE says. They have been saying that interest rates will be on target at 2% in 18 months (or thereabouts) time for the last 5? 10? years and they have never got it right. It's all just spin to give the BBC a nice headline for the daily brainwashing cycle.

Lets see, interest rates at 0.5% for the next few years, what would the average sheeple think? Lets get int BTL or lets remortgage and have a nice new car and holiday. Debt goes up, the economy looks a little better, conliblab get re-elected, knighthoods and peerages get handed out and the whole cycle repeats.

And as you say devaluation of the £ is the order of the day.

Personally I don't see how unemployment is going to fall below 7% when tens of thousands of Romanians and Bulgarians are going to rush in and cut wage levels in 2014. Then there will be even less incentive for the long term unemployed to move off benefits.

[Mega]

Re: Its don't rain, it..........

The Nightmare runs on.............
Mike

[Forrest]

Re: Its don't rain, it..........

Don't worry, Mike, there is only so long they can keep pretending that less people looking for work means everyone is gainfully employed, and that all in the economy is well.

Eventually, it will be made painfully apparent that pretending you have a vibrant economy doesn't make it so, no matter how often they say it.

Our cities over here are starting to crash...the fairy tale is wearing very thin!

[Mega]

Re: Its don't rain, it..........

You where saying?

http://www.theguardian.com/money/201...boom-mortgages

[Forrest]

Re: Its don't rain, it..........

The street signs are certainly ugly enough, but the one thing I see over here, and over where you are is a whole bunch of people with a little money, and less sense buying properties that when the financial system goes through the inevitable crash, will not be able to get rental payments at current levels, if at all. Financial aid is going to get very thin if it exists at all.

All the big investors that bought up properties in America, Hedge Funds and REIT's for instance, have already resold at a profit to the little guy who badly needs income to live on, and it is they, if they have financed properties, who will find that the supposed income properties will not support themselves in future.

I inherited recently a 50% share in a similar building in a nice area of West Hollywood, and was grateful to get out with the cash to invest elsewhere, simply because it had a mortgage on it. The moment the people understand all the lies that have been told over just how wonderful our economies are, and find out that they really cannot pay for where they have been living, they are going to just stop paying rent until they adjust to The Reality To Come. I don't have access to that inheritance yet...it's tied up in probate court, but at least I am free of the building, and the cash is spread though enough separate banks to be safe from a Cypress-like haircut. The Fed has already told the Too Big to Fail Banks and Corporations that another 2008 bailout just isn't going to happen, and they have begun to restructure. I imagine the BoE has passed the same word to your Banks and Corporations.

Your fellow countrymen that are being supported by the state will find their benefits cut, if not gone altogether, and the Landlords that are skimming the cream now, and think that they have a great deal, will be worrying whether or not they can get enough income to even pay the bills.

It is the cash investors that will triumph over the long run...they can weather a time of falling rents, and non payment of some of their units because they only have to pay the taxes on the building, and having less income, they will probably be paying less income tax as well.

The big investors will, of course, be just fine, and probably get to buy back what they have resold in more foreclosures, and wait for further profits. And all the people who were just looking to make an income to live on, or retire on one day will find themselves out in the cold, with the rest of us. We, at least, will have a few ounces of something to re-invest once a new economy forms.

And Mike, don't wish for too quick of an adjustment. We are in a safe, if aggravating, position, knowing what is coming. I too would like it over, but I'm not looking forward to the chaos that will hit all of us when reality rears a very ugly head.

I am gravely concerned about the September meeting, and what it might mean, and what trouble it could cause if the G20 start talking truth. And since there will be many weeks of disruption when it does happen, start buying in against those days when the reality comes home, and people start rioting over the systemic breakdown that has already happened elsewhere.

[bungee]

Re: Its don't rain, it..........

Our cities over here are starting to crash...the fairy tale is wearing very thin!

But is anyone going to vote for a different political party (other than the other default one)? Is anyone out in the streets protesting (other than a token number of union hacks)?

I get the impression that each city could fall in turn, pensions and services are cut but nothing changes. Everything happens gradually and no one seems to notice. Are they all blind? Talking about sport, celebrities etc are all more important than money, politics and their future. The only thing most people seem to notice is that things have gone up in price in the shops, but as that is normal it's OK. The fact that it smaller, made of cheaper things and doesn't last as long doesn't seem to occur to them.

Perhaps they are all drugged up? There were over 50 million prescriptions for antidepressants in the UK is 2012 and around 60 million adults. Maybe they are all happy in their ignorance?

[Forrest]

Re: Its don't rain, it..........

But is anyone going to vote for a different political party (other than the other default one)? Is anyone out in the streets protesting (other than a token number of union hacks)?

The difficulty remains that no one is looking at the reality of things yet. Very few people want to look at the reality of things, and fewer still have even a partial grasp of the entire picture that do look at it. Everyone in power right now is deep in the delusion that if they just keep on doing what they are doing, eventually it will come out okay. But it can't, because America defaulted back in 1971, and every country in the world went along with it. The US was a bit too big and too strong to say no to then, but once having said yes, they were stuck with it. Everyone has shut their eyes since then and pretended it would all be okay. They will keep pretending until the reality is shoved in their faces.

So, no, nothing in politics will change. I don't really think anything will change even when the reality is known by all. We will just have a lot of prosecutions, and most people will be satisfied with that because no one is going to come along and really change anything. There is no one to be a strong enough third party claimant to win the Presidency, and even the good guys elected to replace the bad guys will get corrupted as quickly as ever.

The Republican Party will, I hope, be taken over by the Libertarian wing of that party, so that the Republicans will once again be for small government, but there is no guarantee that it will make any difference in the way the country is run, even presuming that a Republican gets elected. If a true Liberal Democrat were to get elected, that would be acceptable, but their choice for 2016 is Hilary Clinton, and she is a Progressive/Socialist. Right now we are far more likely to have a dictator-like President from either party, because when the lies get exposed about what has been going on there is going to be a lot of Urban Rioting, and presumably Martial Law to keep order in some cities.

I get the impression that each city could fall in turn, pensions and services are cut but nothing changes. Everything happens gradually and no one seems to notice. Are they all blind? Talking about sport, celebrities etc. are all more important than money, politics and their future. The only thing most people seem to notice is that things have gone up in price in the shops, but as that is normal it's OK. The fact that it smaller, made of cheaper things and doesn't last as long doesn't seem to occur to them. ?

America has been well trained by her media, and the media mostly keeps the story going that everything is not great, but it’s still okay…everything will soon be fine….

Have most people noticed how poor the product is for a higher price? I have, and other people I know have, but I think they sense that things are actually going to get worse, and are trying not to focus on the changes. It is one thing to get less Ice Cream, or Catfood, or Pasta and still having to pay a third more...what about when we cannot afford the Ice Cream at all, and you have to eat less Pasta, and start rationing the Cat Food?

The press will occasionally mention such things, but they are not trying to get food prices or sizes or quality exposed...they cover it just enough to have credibility. There really is no topic they will cover that will upset people. And there is no public official whether Federal, State, County, or City, that can get coverage if the story is not spin-able to fit with all the official cover stories.

Yes, people know something is disastrously wrong, but they can’t put their finger on it, and it’s placing everything in their lives at such stress levels that people scattered across the country every day are acting out in the oddest ways…the facts are not that people are being killed, or raped, or burgled, that’s on the TV more than before, but everywhere in the public eye, people are acting like snarling dogs, circling each other, attacking in packs.

If the continuous lies mixed with bad conditions causes what is happening now, how much worse will it get when the truth is out, and people really get angry at the worsening conditions?

And this is not about hyperinflation…I don’t think we will see hyperinflation as a country. Strong inflation yes, perhaps 30-50% a year, with food and energy going on the high side. That’s bearable, if very uncomfortable.

It will be the stalling of the economy that will cause the problem because interest rates will rise, and there will not be money available for lending, and the problems will continue to deepen in regards to employment, and that will make people furious.

Add the fact that all the pensions and handouts will have to be cut just to balance the books…well, it will take years to straighten out, while the media continue to try and make it all sound better because we will be having elections every two, four, and six years in America, while your government is going to get hit with constant votes of confidence along with the usual terms.

Perhaps they are all drugged up? There were over 50 million prescriptions for antidepressants in the UK in 2012 and around 60 million adults. Maybe they are all happy in their ignorance?

Many people take drugs to keep the anxiety at bay, so they can keep going without a high level of psychic pain. Can you blame them? But antidepressants do not make you happy…they only take the edge off so you can cope…they enable the electrical impulses in the brain to be able to jump more easily from synapse to synapse by replacing the stuff worn away by excessive stress and anxiety.

As for their ignorance…I believe most people are refusing to look at what they cannot fix. We vote, and nothing changes, because the people running the government are bought and paid for by the Banks and Corporations. Unless we in America call a Constitutional Convention, and outlaw all paid Lobbying, all sponsored Political Advertisement of any kind, and have the Government pay for short campaigns, it will never happen. Amending Free Speech in the country in regards to Politics is impossible any other way.

However, we could actually enforce the laws we have, and apply perjury laws to paid advertisements, and all media…but somehow I don’t see any politician supporting that either. It’s too convenient as it is.

The people will simply have to hold their representatives accountable…every time they do something they said they were not going to do, and every time they do not do what they said they would do. And until the pain of reality strikes home, I sincerely doubt that happening, because you need more than anger to get things changed…you need courage, and perseverance, and a real desire to get things fixed while working within the existing framework of government. That is possible, at least, but it would be a long time in fixing what is wrong...it is hard to know if the people will get a backbone and commit to making change under the existing propaganda media in America.