Rates Were Raised too far too Fast
Now they are remaining too high for too Long. Why?
The rapid increase in interest rates followed by a prolonged high rate environment has raised concerns and prompted questions about the underlying reasons. The narrative surrounding the second phase of Blackrock's Going Direct initiative, the abrupt switch in leadership, and the subsequent reactions have fueled skepticism and speculation. The potential implementation of a deflationary Carbon Based CDBC and a social points digital ID system has also contributed to the uncertainty.
The current situation is viewed as a manufactured and manipulated crisis, encompassing financial, climate, and leadership confidence. The alleged financial crisis is attributed to incompetent policy and a deliberate withdrawal from investing in hydrocarbons, rather than actual resource shortages. Similarly, the climate crisis is portrayed as a result of a long-term agenda to establish a carbon-based currency, shaping it around a bi-carbon credit and hydrocarbon standard. This new monetary system is anticipated to elevate paper claims on carbon credits as the primary influencing factor.
The ongoing trend towards full spectrum monopoly state and surveillance capitalism is seen as detrimental to small and non-systemically important entities, both commercial and personal. The consolidation of wealth and control into fewer hands has accelerated significantly, particularly in the aftermath of the pandemic response. The aggressive approach of central banks in hiking rates at an unprecedented pace is viewed as a concerning development, with potential implications for household wealth.
The current policy stance of central banks worldwide raises questions about the underlying motives and the potential transfer of wealth into the hands of the billionaire class. The paradigm shift towards an "Uberisation of everything" following the burst of the "Peak Everything" bubble is seen as a significant transformation with far-reaching implications.
The impact of increased rates on the residential property market is highlighted as just one aspect of a broader shift that extends into the fundamentals of democracy and the free world. This shift is not merely a revision of existing rules but rather an indication that a different set of rules has been in place for some time.
In conclusion, the current environment calls for a critical examination of the motives behind the aggressive rate hikes and their potential consequences. It prompts reflection on the broader implications for wealth distribution, democracy, and societal values.
In March 2023 it was clear that the second Phase of Blackrocks Going Direct was being accelerated. The narrative in Interest rates going higher and remaining there for longer were always less than convincing as was the Switching out of Truss for Sunack with the silly reaction “Over Reaction” to the “Kamiquarsi Budget”, the bed wetting was clearly to position the Goldman Golden Boy Rishi Sunack into place in order to put the “Money Powers”, chief Money Changers Blackrocks, Carbon Curency Endgame in place. Rishi was the anointed man for the Job. Through a deflationary Carbon Based CDBC, the rationing craved by the technocratic fascists of the ilk of Klaus Schwab will be nicely enhanced by a Social points digital ID 2020 system, Luckily one is available courtesy of his ( Rishis), Billionaire father in laws Aadhaar.
At the end of this paragraph a new heading starts, “March 2023, I said all of these things”. The 3 paragraphs are then followed by links to a series of substack articles,
What we are looking at is a Manufactured and Manipulated, Financial crisis, Climate Crisis, and crisis in confidence in, and competence of Leadership.
There is no Financial Crisis predicated on resources, shortages are caused by incompetent policy and a deliberate stepping back from investing in the necessary quantities of Hydro Carbons.
There is no Climate crisis, the Climate Heating religion has been manicured and nurtured for over 30 years with the goal of a Carbon-Based Currency in mind to get back to a quasi-gold standard fashioned around a Bi Carbon Credit, Hydrocarbon standard along the lines of bimetallic systems. This new monetary will make the Paper claims on Carbon Credits the Golden Tail that Wags the Hydrocarbon Silver Dog. “16:1” What are the odds of that? look it up.
March 2023, I said all of these things.
I. Introduction
A. Overview of the Current Economic Situation
B. Discussion on Recent Interest Rate Hikes
C. Impact on the Housing Market
II. Analysis of UK Residential Market Survey
A. Breakdown of Survey Questions
B. Graphical Representation of Survey Data
C. Comparison of Sales Expectations Over Time
III. Examination of Market Trends Over Time
A. Comparison of Sales Expectations in 2022 and 2023
B. Regional Variations in Sales Activity
C. Impact of Interest Rate Hikes on Sales Trends
IV. Evaluation of Economic Policies
A. Impact of Central Bank Policies on the Market
B. Analysis of Monetary and Fiscal Measures
C. Implications for Housing Affordability
V. Discussion of Wealth Distribution
A. Examination of Household Wealth Trends
B. Impact of Economic Policies on Wealth Distribution
C. Implications for Social and Economic Inequality
VI. Critique of Central Bank Actions
A. Evaluation of Interest Rate Hikes
B. Analysis of Policy Implications
C. Discussion on Alternative Approaches
VII. Recommendations for Economic Stability
A. Proposal for Balanced Economic Policies
B. Consideration of Long-Term Market Sustainability
C. Suggestions for Addressing Wealth Disparities
VIII. Conclusion
A. Summary of Key Findings
B. Implications for Future Economic Outlook
C. Call to Action for Ethical and Sustainable Economic Policies
“First they came for the smaller banks.”
In the Uberisation of everything #GoingDirectParadigm and the march to Full Spectrum Monopoly State #SurveillenceCapitalism SME’s, and any Non Systemically important, difficult to control Independent etc,…( you get the idea ed.) organisations commercial or personal , must be destroyed. I do not wish to be overly melo dramatic about it but the process is pretty hard not to see in all its grubiness at this stage.
When all the carpet bagging and small scale increasing democratisation of share holdings through privatisations and council house sales of the 1980’s and 1990’s were taking place the consolidation was less easy to see. The net effect of a transfer of tangible wealth and its control into fewer and fewer hands proceeded at break neck speed through the Event 201 ( “Pandemic”) response and it would seem that enableing the sort of Dash for Cash looting, which Bailey oversaw in one or two of his previous incarnations, in the late 2000’s and early teens, is now being doubled down on. This is evidenced with this latest rude rush to Hiking much further and faster than a prudent lender of last resort would dream of.
Someone has to say it out loud!
This YTK housing Ladder Video and the homes for heroes blog following give some of the timeline.
The Long Story short
Where and what is the real reason for the current policy stance by Central Banks worldwide and why would it seem that the destruction,(Transfer into the hands of the Billionaire class) of household wealth on a scale in excess of that in the GFC 1, is a price which Bailey and Powell are lining us all up to pay.
Is it that we should all be happy with owning nothing as the now infamous World Economic Forum “Misquote” would have it?
The Uberisation of everything following the Peak Everything bubble burst seems to be what we are in the midst of.
This Paradigm Shift.
This is a paradigm shift beyond post-Fordism and beyond Post almost anything imaginable from any of the Civics lessons I attended whilst going through, Primary, Secondary, Graduate, and post Graduate Professional Education.
The increase in Rates as they affect the residential property market is one small aspect of this Faster and Further push, reaching into the fundamentals of the Democracy and Free world into which I took and take an active part in. It’s not a new change to an obscure part of the rule book. What is emerging is that There really has been a different set of rules For some all along.
Well not so fast! fool me once shame on you, fool me twice shame on me. #Stop the Steal
In today's rapidly changing financial landscape, the world of banking and monetary policy is undergoing significant shifts. The recent banking crisis and the subsequent actions of central banks have raised concerns about the stability of the global financial system. To shed light on these complex issues, we had the privilege of interviewing John Titus, a prominent figure in the financial analysis community.
John Titus is the creator of the Best Evidence YouTube channel and Substack, where he delves deep into Fed data, financial markets, and debt dynamics. With a background in law and a keen eye for financial intricacies, John has gained recognition for his insightful analysis and ability to communicate complex topics to a wide audience.
During our conversation, John provided valuable insights into the recent banking crisis, the implications of interest rate hikes, and the growing trend of Eastern countries stockpiling gold. His perspective on these matters offers a unique and thought-provoking view of the current financial landscape.
The Banking Crisis: A Closer Look
John's analysis of the recent banking crisis revealed several key factors that contributed to the destabilization of the financial sector. He highlighted the significance of interest rate hikes and their impact on liquidity and solvency within the banking industry. By closely monitoring data from the Federal Home Loan Board and tracking borrowing patterns by banks, John was able to identify early warning signs of the crisis before it fully unfolded.
One of the most striking revelations from John's analysis was the concentration of wealth within the banking system. He emphasized that the so-called "regional banking crisis" was, in fact, a misnomer, as it primarily affected some of the largest banks in the country. This insight challenged conventional narratives surrounding the nature of the crisis and raised important questions about the interconnectedness and vulnerability of these financial institutions.
Interest Rate Hikes and Their Ramifications
The Federal Reserve's decision to embark on a rapid rate-hiking schedule has raised concerns about its potential impact on the overall economy. According to John, such aggressive rate hikes could have far-reaching consequences, particularly in terms of debt sustainability and bank lending practices. He cautioned that higher interest rates could lead to a reduction in lending activity, as banks may opt to park their funds with the Federal Reserve rather than extending loans to businesses and individuals.
Furthermore, John highlighted the potential challenges associated with managing the national debt in an environment of rising interest rates. As interest payments on existing debt increase and new debt issuance becomes more expensive, the federal government may face mounting financial pressures. This could prompt a need for policy adjustments and further monetary interventions to mitigate the adverse effects of higher borrowing costs.
Gold Stockpiling and Geopolitical Shifts
In recent years, Eastern countries have been actively increasing their gold reserves, signaling a strategic shift in global economic dynamics. John offered insights into this trend, suggesting that these nations are taking steps to consolidate resources and insulate themselves from the uncertainties associated with traditional fiat currencies. He underscored the potential implications of this movement, hinting at the possibility of a future shift towards resource-backed currencies.
From John's perspective, the accumulation of gold by Eastern countries reflects a broader realignment of global economic power. As these nations seek to diversify their reserves and reduce reliance on traditional Western currencies, the geopolitical landscape may undergo significant transformations. This trend raises important questions about the future of international finance and the potential emergence of alternative monetary systems.
The Path Forward: Challenges and Opportunities
Looking ahead, John expressed cautious optimism about the future trajectory of global finance. While acknowledging the complexities and uncertainties facing the financial system, he emphasized the importance of vigilance and informed decision-making. He encouraged individuals to consider diversifying their assets, including holdings in precious metals, as a means of safeguarding against potential economic volatility.
In light of ongoing developments in monetary policy and international relations, John urged listeners to stay informed and critically evaluate prevailing narratives. By remaining attuned to emerging trends and policy shifts, individuals can better position themselves to navigate an evolving financial landscape. Additionally, he underscored the significance of prudent financial planning and risk management in times of uncertainty.
Final Thoughts
Our conversation with John Titus provided valuable insights into the intricacies of the recent banking crisis, interest rate dynamics, and global economic realignments. His expertise in analyzing complex financial data and distilling key insights has shed light on critical issues shaping today's financial landscape. As individuals and institutions alike navigate these challenges, John's perspectives offer a compelling framework for understanding and responding to ongoing developments in global finance.
As we continue to monitor these developments, it is clear that a nuanced understanding of monetary policy, banking dynamics, and geopolitical shifts is essential for informed decision-making. By engaging with experts like John Titus and staying informed about emerging trends, individuals can empower themselves to make sound financial decisions in an ever-changing world.
We extend our sincere thanks to John Titus for sharing his expertise and insights with us. His dedication to illuminating complex financial topics has enriched our understanding of critical issues facing the global economy. We look forward to continuing our exploration of these themes and engaging with thought leaders who offer valuable perspectives on today's most pressing financial challenges.
In conclusion, we encourage our audience to remain vigilant, stay informed, and critically evaluate prevailing narratives in the realm of finance. By fostering a deeper understanding of these issues, individuals can better position themselves to navigate an evolving financial landscape with confidence and resilience.
Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term. #BaileysBust #GoingDirectParadigm #surveillencecapitalism #Aadhaar
AUTHOR:ROGERGLEWIS PUBLISHED DATE:MARCH 27, 2023 4 COMMENTSON RATE HIKES HAVE BEEN GOING TOO FAR AND TOO FAST TO BE EXPLAINED BY THE LIKELY TRAJECTORY OF INFLATION IN THE MEDIUM-TERM. #BAILEYSBUST #GOINGDIRECTPARADIGM #SURVEILLENCECAPITALISM #AADHAAR
https://t.co/H8lesNiEPB
Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term. #BaileysBust @homeatix @bbclaurak https://t.co/A7BE6i31mJ pic.twitter.com/WsKmI16pKY— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term. #BaileysBust #GoingDirectParadigm #surveillencecapitalism #Aadhaar
AUTHOR:ROGERGLEWIS PUBLISHED DATE:MARCH 27, 2023 4 COMMENTSON RATE HIKES HAVE BEEN GOING TOO FAR AND TOO FAST TO BE EXPLAINED BY THE LIKELY TRAJECTORY OF INFLATION IN THE MEDIUM-TERM. #BAILEYSBUST #GOINGDIRECTPARADIGM #SURVEILLENCECAPITALISM #AADHAAR
https://t.co/H8lesNiEPB
Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term. #BaileysBust @homeatix @bbclaurak https://t.co/A7BE6i31mJ pic.twitter.com/WsKmI16pKY— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
The Charts show in my opinion that the Bank of England could quite prudently have let rates stay at 1.75% in August 2022, the justification for the overreaction was to the Kamikwasi budget in September 2022. Even giving the Kamakwasi benefit of the doubt it is all to clear that the rise to 3% in November 2021 would have been more than sufficient. The rate rises are forcing some sort of unannounced agenda, we will all have our own opinions as to what those policy items may be, there is little doubt that the Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term.
“First they came for the smaller banks.”
In the Uberisation of everything #GoingDirectParadigm and the march to Full Spectrum Monopoly State #SurveillenceCapitalism SME’s, and any Non Systemically important, difficult to control Independent etc,…( you get the idea ed.) organisations commercial or personal , must be destroyed. I do not wish to be overly melo dramatic about it but the process is pretty hard not to see in all its grubiness at this stage.
When all the carpet bagging and small scale increasing democratisation of share holdings through privatisations and council house sales of the 1980’s and 1990’s were taking place the consolidation was less easy to see. The net effect of a transfer of tangible wealth and its control into fewer and fewer hands proceeded at break neck speed through the Event 201 ( “Pandemic”) response and it would seem that enableing the sort of Dash for Cash looting, which Bailey oversaw in one or two of his previous incarnations, in the late 2000’s and early teens, is now being doubled down on. This is evidenced with this latest rude rush to Hiking much further and faster than a prudent lender of last resort would dream of.
Someone has to say it out loud!
This YTK housing Ladder Video and the homes for heroes blog following give some of the timeline.
Baileys Bust, No Quarter Given, On the 1/4 Point Hike March 23rd 2023. UK Resi Market Survey #RICS, Where did all that wealth come from? Where is it headed And what should we do about it? – Real Estate Land Development (RLD) Limited https://t.co/45LzjgIqLO pic.twitter.com/sk7cdQ7nU4
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
The Long Story short
Where and what is the real reason for the current policy stance by Central Banks worldwide and why would it seem that the destruction,(Transfer into the hands of the Billionaire class) of household wealth on a scale in excess of that in the GFC 1, is a price which Bailey and Powell are lining us all up to pay.
Is it that we should all be happy with owning nothing as the now infamous World Economic Forum “Misquote” would have it?
The Uberisation of everything following the Peak Everything bubble burst seems to be what we are in the midst of.
This Paradigm Shift.
This is a paradigm shift beyond post-Fordism and beyond Post almost anything imaginable from any of the Civics lessons I attended whilst going through, Primary, Secondary, Graduate, and post Graduate Professional Education.
The increase in Rates as they affect the residential property market is one small aspect of this Faster and Further push, reaching into the fundamentals of the Democracy and Free world into which I took and take an active part in. It’s not a new change to an obscure part of the rule book. What is emerging is that There really has been a different set of rules For some all along.
Well not so fast! fool me once shame on you, fool me twice shame on me. #Stop the Steal
RISING INTEREST RATES ARE A BIGGER DEAL THAN YOU MIGHT THINK
This is important (hence the caps).
I’m a bit worried people are being WAY too complacent about rising interest rates.
They assume that because they’re so low now vs the 1990s, this’ll be a walk in the park.
NO.— Ed Conway (@EdConwaySky) September 22, 2022
Add all those things to the equation – debt burdens, incomes, mortgage terms and mortgage rates – you end up with a very different picture.
Here’s data from @resi_analyst who’s worked out the “equivalent” interest rate – eg the actual BURDEN of interest rates over time. pic.twitter.com/vWrTdGq6kK— Ed Conway (@EdConwaySky) September 22, 2022
Baileys Bust, No Quarter Given, On the 1/4 Point Hike March 23rd 2023https://t.co/OmZIjWKIWN
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
Times (£) “Crest had been selling one home a week at each of its 50 or sites this time last year. However, its weekly sales rate had fallen to 0.35 homes per site by the end of December.” Please nanny, can we have Help to Buy back?” Help your own buyers. https://t.co/hDk2gFOjmK
— Peter Bill (@peterproperty) March 24, 2023
Or open more, smaller sites. That is certainly the current approach of at least one major house builder. But, as you can see from the graphic from Savills below, the majors have slowly boxed themselves in by operating from fewer and fewer outlets. pic.twitter.com/9xhU1g4fpy
— Peter Bill (@peterproperty) March 24, 2023
Baileys Bust, No Quarter Given, On the 1/4 Point Hike March 23rd 2023https://t.co/fATShiBQ8S https://t.co/CXwJFf0m1E pic.twitter.com/lHWnBjdfMQ
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
https://t.co/fATShiBQ8S pic.twitter.com/1Dc6nJigjn
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
"Open more smaller sites"
Do you mean volume builders hiving off parts of large sites to other providers including SMEs, housing associations and custom build?— Richard Blyth (@RichardBlyth7) March 24, 2023
"Outlet" a housebuilder brand presence at a site on its own or as part of a multi-outlet site with several active housebuilders. Some housebuilders have more than one brand i.e Barratt & David Wilson Homes both may be active simultaneously on a site, this counts as
2 outlets.— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
https://t.co/KWatD40Muy pic.twitter.com/rsoRaROz4k
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
https://t.co/CqCjbjadxM pic.twitter.com/0YiM8siFxi
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
TUESDAY 28TH FEBRUARY ROG AND RANJAN DISCUSS #GFC2 #WATCHINGTHEWHEELSCOMEOFF #WHOSTOLETHESIZZLE
On the week beginning 20th February, I agreed with my fellow Shareholders in Home@ix that we should withdraw from a major affordable residential development scheme. The deterioration in the Housing Market and Economy generally had become so bad that all routes to viability for the £30m plus first phase of the development had evaporated.
Wed, Feb 22
"My shareholders and I have decided to withdraw from the purchase of the site today as the Existing s.106 conditions alone are too onerous and the lapsed consent is unlikely to relieve the existing s.106 burden and will probably make it worse. The Cash contribution of £500k is also adding to the increasing unattractiveness of the site commercially for us.
We are expecting the Market to get considerably worse over the best part of this year due to the threat of higher interest rates and the already apparent fragility of the economy in general."
A week later I reflected on the withdrawal coming after 3 years of establishing our Brand and unique approach to an occupier lead approach to establishing affordable communities.
This conversation was recorded on
Tuesday 28th February Rog and Ranjan discuss #GFC2
https://notthegrubstreetjournal.com/2013/07/30/feeding-the-5000-bejebus/ Serco: the company that is running Britain https://www.theguardian.com/business/2013/jul/29/serco-biggest-company-never-heard-of#:~:text=John%20Harris,2013%2019.03%20BST
The paradigm shift obviously taking place is related to the response to the pandemic and certainly sees Blackrocks #Goingdirect being implemented.
MARCH 3, 2023
The Everything Bubble and the Everything Bust. Prospects for UK Housing and UK Housing Markets.
https://notthegrubstreetjournal.com/2023/03/03/the-everything-bubble-and-the-everything-bust-prospects-for-uk-housing-and-uk-housing-markets/
Hope for the best , prepare for the worse. Absolutely Shocking Predictions By ChatGPT About The Coming Financial Collapse by Anthony Migchels on February 8, 2023
https://notthegrubstreetjournal.com/2023/02/20/hope-for-the-best-prepare-for-the-worse-absolutely-shocking-predictions-by-chatgpt-about-the-coming-financial-collapse-by-anthony-migchels-on-february-8-2023/
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023#WATCHINGTHEWHEELSCOMEOFF #WHOSTOLETHESIZZLE
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
A credible stimulus strategy would help investors understand what will happen once the monetary policy … Continue readingThe U.S. Treasury Is Testing a Devastating New Weapon: A Super ‘Bazooka’ #GoingDirect #BlackRock #Monopoly the only game in town.
THE INSANITY OF CHAOS, CONTROL LOST, HEAD BETWEEN KNEES SAY YOUR FAREWELLS. THE ANSWER IS … Continue readingOn May 15 2020, the central bank of Sweden, the Riksbank, announced that it would be using BlackRock to conduct “an analysis of the Swedish corporate bonds market. From poster child to worst performing EU economy
Insider Dealing, Montbiots shorting the residential property market. ? Let me explain…… Curious George, a … Continue readingInsider Dealing, Monbiots shorting the residential property market. “Alt-Right, Wrong Think” @GeorgeMonbiot @rustyrockets
Over the Brink to Baileys Bust! Bank of England On The Brink, Rate decision 23rd … Continue readingUK Housing Debt. Market Update q4 2022. “higher-for-longer = Housing Weak.” All eyes on Thursday March 23 2023. Over the Brink to Baileys Bust!
Caution is advised when interpreting estimates for the latest month due to their provisional status. … Continue readingEngland And Wales Residential Market, Provisional Figures for February and year to date 2023. ( Worse Quarter since 2009 Post GFC 1) Baileys Bust!
In terms of transaction volumes, the severe slowdown in the second half of 2022 resulted … Continue reading#GoingDirect to GFC Mk2 Reservations per outlet, Sales Incentives , Mortgage Commitments. Mexican Standoff between Sellers and Buyers ( Sticky Prices on the way down.)
TUESDAY 28TH FEBRUARY ROG AND RANJAN DISCUSS #GFC2 #WATCHINGTHEWHEELSCOMEOFF #WHOSTOLETHESIZZLE
— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
1
1
Baileys Bust, No Quarter Given, On the 1/4 Point Hike March 23rd 2023. UK Resi Market Survey #RICS, Where did all that wealth come from? Where is it headed And what should we do about it?
3/24/2023
Work in progress Link to above Spreadsheet, sources linked in spread sheet.
The ONS figures for transaction volumes estimated for the last quarter of 2022 were way off beam ( That link is updated to Feb 2023 well into January the figures were still catching up with reality), the actual data will see substantial revisions to those estimates in both November ( See combined 1 doc attached) and December ( See combined Doc 64 attached)
https://www.plumplot.co.uk/house-prices-by-region.html
House prices comparison and historical trends by region, December 2022.
House prices comparison and historical trends by region, January 2023.
Headline statistics Updated 21 March 2023
Headline statistics from the latest transactions data include:
the provisional non-seasonally adjusted estimate of the number of UK residential transactions in February 2023 is 76,920, 18% lower than February 2022 and 2% higher than January 2023
the provisional seasonally adjusted estimate of the number of UK residential transactions in February 2023 is 90,340, 18% lower than February 2022 and 4% lower than January 2023
the provisional non-seasonally adjusted estimate of the number of UK non-residential transactions in February 2023 is 8,710, 7% lower than February 2022 and 8% higher than January 2023
the provisional seasonally adjusted estimate of the number of UK non-residential transactions in February 2023 is 9,870, 7% lower than February 2022 and 5% higher than January 2023
“Remember that we sometimes demand explanations for the sake not of their content, … Continue readingFrom Homes for Heroes to Exponential Zeroes. Neglected actors in the “Housing Crisis” Narrative#AbsorptionRate, #LastTimeBuyers,#Cash Buyers, #FiscalPolicy ( #MIRAS and #StampDuty ) and #MortgageLending by the #BankingSector. #Demography of #Immigration and#Ageing.
June 2017 Missing Movers
A report for the Council of Mortgage Lenders. A Long-Term Decline in Housing Transactions?
Missing Movers
These figures is a continuation of the Time series but relate to England and Wales and Not the whole UK The trend is still downwards though, that is to say, A Long-Term Decline in Housing Transactions, continues!
Event 201 with Hind sight, Was it a Monetary event.Have we gone direct #CBDC #Carbon CurrencyEndGame
Some Real World Data Charts. https://tradingeconomics.com/sweden/gdp compared to Danish GDP https://tradingeconomics.com/euro-area/gdp compared to UK GDP … Continue readingEvent 201 with Hind sight, Was it a Monetary event.Have we gone direct #CBDC #Carbon CurrencyEndGame
MELISSA CUIMMEI – THE IRISH INQUIRY, EXPLAINS THE (“WHY?”) OF EVENT 201
bitchute MELISSA CUIMMEI – THE IRISH INQUIRY, EXPLAINS THE (“WHY?”) OF EVENT 201 My own … Continue readingMELISSA CUIMMEI – THE IRISH INQUIRY, EXPLAINS THE (“WHY?”) OF EVENT 201
Cash Buyers.
Cash Buyers make up around 30% of all transactions 28.99% in England and Wales for 2021,
https://t.co/H8lesNiEPB
Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term. #BaileysBust @homeatix @bbclaurak https://t.co/A7BE6i31mJ pic.twitter.com/WsKmI16pKY— Real-Estate Land Development Limited (@RealEstateLand3) March 27, 2023
The Linked in Version of this Post Follows.
The Debt Pyramid Ponzi Scheme: An Analysis A Debt Jubilee, an ancient answer to the mistake of usury.
Roger Lewis
Surveyor, Valuer, Real Estate Entrepreneur
February 28, 2024
Open Immersive Reader
Leviticus 25:8–13 states:
You shall count off seven Sabbaths of years, seven times seven years; and there shall be to you the days of seven Sabbaths of years, even forty-nine years. Then you shall sound the loud trumpet on the tenth day of the seventh month. On the Day of Atonement you shall sound the trumpet throughout all your land. You shall make the fiftieth year holy, and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee to you; and each of you shall return to his own property, and each of you shall return to his family. That fiftieth year shall be a jubilee to you. In it you shall not sow, neither reap that which grows of itself, nor gather from the undressed vines. For it is a jubilee; it shall be holy to you. You shall eat of its increase out of the field. In this Year of Jubilee each of you shall return to his property. (WEB)
The Debt Pyramid Ponzi Scheme: An Analysis
The debt pyramid Ponzi scheme is a complex and intricate web of financial entanglements that has ensnared nations, individuals, and financial institutions. At the heart of this scheme lies a fundamental truth: the last in line pays the price. This illusion, fueled by blind faith in the nature of debt and usury, has enslaved us all. It's time to take a closer look at this predicament and explore potential solutions.
Evsey Domar's classic 1970 paper(1) "The Causes of Slavery or Serfdom: A Hypothesis" (2) provides valuable insights into the historical roots of this predicament. Domar's work sheds light on the factors that have perpetuated the cycle of debt and servitude, offering a thought-provoking hypothesis that warrants further exploration. (3)
In today's economic landscape, the concept of a "People's Debt Jubilee" has emerged as a potential solution to the burden of sovereign debt. This idea, while seemingly radical, has gained traction in academic and policy circles as a means to address the unsustainable levels of debt that plague nations across the globe.
An August 24, 2012 study (4) conducted by Professor Anthony Evans and his colleagues at The ESCP Europe Business School offers a compelling proof of concept for the Jubilee idea. By analyzing up-to-date figures from the IMF and the Bank of International Settlement (BIS), the study explores the potential impact of a sovereign debt jubilee on nations such as Portugal, Ireland, Italy, Greece, Spain, Britain, France, and Germany.
The study's findings paint a compelling picture of the potential benefits of a debt jubilee. By cross-canceling all foreign debts owed among these nations, a sovereign debt jubilee could effectively dismantle the web of mutually destroying debt that currently plagues the global financial system. This bold move would reset the financial landscape, offering a fresh start for nations burdened by unsustainable levels of debt.
One of the key implications of a People's Debt Jubilee is its potential to destroy tax evasion and avoidance. By wiping the slate clean and zeroing out existing debts, nations would experience a windfall of tax revenue that had previously gone unpaid. This injection of funds could provide much-needed relief from austerity measures and pave the way for economic recovery.
Furthermore, a debt jubilee would shine a light on the pervasive fraud that has plagued the global financial system. The exposure of fraudulent practices and the demand for transparency in debt transactions would usher in a new era of accountability and integrity in financial dealings.
At the heart of the debt jubilee concept lies a fundamental question: to whom do we owe this money, exactly? This question has been conspicuously absent from mainstream discourse, despite its critical importance in understanding the nature of our indebtedness. It is imperative that we scrutinize the origins and beneficiaries of the debts that burden nations and individuals alike.
The European debt crisis Austerity measures imposed on nations like Greece, Ireland, Portugal, and Spain have led to widespread suffering among ordinary citizens. While these measures are ostensibly aimed at repaying debts to creditor nations like France and Germany, a closer examination reveals a more complex reality.
THE BIG INTERVIEW: ANTÓNIO HORTA-OSORIO
"@7:27 I think we had an unprecedented crisis, almost unprecedented, at least for the last 70 years. And that's an unprecedented crisis originated unprecedented measures of support to the economy, which was the right thing to do. But now that that panic was overcome, we have a problem in the Western economies where we have to deliver to the economy as a people have to live within their means and to live within their means needs time in order for people to adjust their income to their debt, speaking on average. And on the other hand, now we have to also gradually repay the huge fiscal boost that the Western economies injected in the economies when the crisis struck three years ago. So we have to deleverage and we have to adjust the fiscal position that, in my opinion, leads me to believe that this recovery will be long and difficult."
In truth, the austerity measures imposed on debtor nations, and as enthusiastically advocated for by Senor Horta-Osario, late of Llyods and Credit Suisse, serve to bail out private banks and financial institutions rather than benefit ordinary citizens. The burden of debt repayment falls disproportionately on the shoulders of hardworking individuals, while banks continue to profit from their reckless lending practices.
The symbiotic relationship between debtor and creditor nations is not as straightforward as it may seem. In reality, creditor nations like Germany are bailing out debtor nations to protect their own financial interests. The interconnectedness of global finance means that the fate of one nation's economy is inexorably tied to that of its creditors.
The time has come to challenge this status quo and explore alternative solutions to our predicament. A People's Debt Jubilee offers a compelling vision for resetting the financial landscape and providing much-needed relief to nations burdened by unsustainable levels of debt.
By refusing to perpetuate the cycle of debt servitude and challenging the entrenched interests of private banks, we can pave the way for a more equitable and sustainable financial system. It is incumbent upon policymakers, economists, and citizens alike to engage in meaningful dialogue about the potential benefits and implications of a People's Debt Jubilee.
In conclusion, it is clear that the debt pyramid Ponzi scheme has ensnared nations and individuals in a web of financial entanglements. The concept of a People's Debt Jubilee offers a bold and innovative solution to this predicament, providing a pathway to reset the financial landscape and alleviate the burden of unsustainable levels of debt. It is time for us to critically examine our current financial system and explore alternative approaches that prioritize the well-being of ordinary citizens over the interests of private banks.
Sources.
How to destroy the web of Debt
By Golem XIV
A People’s Debt Jubilee
By Golem XIV
TO WHOM DO WE OWE THIS MONEY EXACTLY?
April 8, 2011, Sturdy Blog
THE ANSWER (To Whom Do We Owe This Money, Exactly?)
April 12, 2011, Sturdy Blog
Where Money Comes From In The First Place.
Beginners Start Here by Bill Kruse © 2009-2013 British Mensa
How to destroy the web of Debt
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4:10 AM
https://issuu.com/corporatewatch/docs/corporate_watch_false_dilemmas_guid
Based on myths and false dilemmas, the mainstream narrative around the crisis still dominates discussion. Breaking away from this, this guide provides the arguments to debunk austerity, the tools for debt resistance, and lots of inspiration from social movements.
https://www.yumpu.com/en/document/read/63108553/there-is-no-climate-emergency
There Is No Climate Emergency, Say 500 Experts in Letter to the United Nations
Carpe Diem
October 01, 2019
This report on the excellent cintel ( Freinds of Science ) people was reviewed by the American Enterprise Institute, a look at their board of trustees sees the chair from the Carlyle Group. If you don’t know who they are it is a revolving door investment fund, John Major got on the payroll when he left office. Anyway, they are not exactly the good guys. That said they do have functioning grey cells, similarly the appearance of Kevin Roberts President, of The Heritage Foundation at the WEF Davos discussion of What to Expect from a Possible Republican Administration?
Board of Trustees
AEI is governed by a Board of Trustees, composed of leading business and financial executives.
Daniel A. D’Aniello, Chairman Cofounder and Chairman Emeritus The Carlyle Group
QED Post Climate Change, Land Use and Monetary Policy, The New Trifecta.
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FEB 25
Our only debt is to Nature and ‘What Is’. Environmental Pragmatism, Live and let live.
AUTHOR: ROGERGLEWIS PUBLISHED DATE: NOVEMBER 10, 2016 10 COMMENTS ON OUR ONLY DEBT IS TO NATURE AND ‘WHAT IS’. ENVIRONMENTAL PRAGMATISM, LIVE AND LET LIVE.
Mr. Gores 3 Strikes
The Forum – Behind the scenes of the World Economic Forum
from gebrueder beetz filmproduktion PRO on February 12, 2021
https://vimeo.com/ondemand/theforumvod/510151754?autoplay=1
#GoingDirect #ConquestofDough #MutualAid #CarbonCurrencyEndGame #CBDC #Aadhaar #StopTheSteal Its Not Multipolar its Schizophrenic #EndTheBIS #HonestMoney #HonestDough End the National Debt and a Larger loaf of Bread.
AUTHOR: ROGERGLEWIS PUBLISHED DATE: APRIL 11, 2020
Hat Tip to my colleague at BOOM Fin4ance and Economics Substack (Subscribe for Free) - also on LinkedIn and WordPress. Covid Medical News Network CMN News BOOM Blog and All Editorials (over 5 years) at BOOM Finance and Economics | Designed for Critical Thinkers — UPDATED WEEKLY (WordPress.com…
20 hours ago · 9 likes · 3 comments · Protect & Survive
It will take quite a considerable sized Rock to be thrown in the pond to prevent the Internet Filters Dam from bursting right now, Look at the Walter Burien Rock Thrown in the pond post.
The Rock Thrown in the Pond
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https://bra.in/5vPDE9 The Rock Thrown in the Pond - Who Profits? by Walter Burien - 09/15/07
And this latest one on the Debt Pyramid Ponzi scheme.
I also note that The Man who made Das Forum the failed puffed piece for Mien Fuhrer Klaus
Also has a Film called The Forecaster about Martin Armstrong. Martin Armstrong did prison time for some cooked-up charges to do with a Gold trading/ alternative currency scheme, As with Don't look Up and my sister’s theory that the Writer and Director had had one over on the producers see my Don’t look up post,
Peak Bullshit. Shits fucked up and bullshit. “Don’t Look Up” (Irony)
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FEB 18
I was chatting with my sister this morning about among other things Peter Hitchens's Daily Mail columns which are now only available to paid subscriptions effectively denying many of Peter’s readers the opportunity to read him.
it seems that https://vimeo.com/marcusvetter Either has a blind-eye for the Absurd, does irony very well, or is not quite sure whose side he is on.
Published by Roger LewisRoger Lewis
Surveyor, Valuer, Real Estate EntrepreneurSurveyor, Valuer, Real Estate Entrepreneur
Published • 7h