fibonelli
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TWI
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"According to the corporate media, "the worst is now behind us"...a familiar refrain by now. They are lying. They will continue to lie because they are crooks and liars. We may be at the end of the "crisis" but we are at the first stage of a systemic meltdown. So the first step in understanding anything is turning those idiots off, or else the fundamental systemic nature of what is happening will go right over your head and you will probably end up doing something crazy like BUY BUY BUY like the rest of the hapless, hopeless, sheepish crowd." - Craig Harris
nine
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I sometimes think its just that they haven't got a clue TWI.
The latest lie that I caught was a quote last week that Brisbane median house prices were up on a year ago and the market was buoyant. This had to be bs. So yesterday I'm reading the Australian before market open at a local coffee shop. Its the only reliable reporter of Brizzy news because its not paid for by local advertising and its pandering to people with IQs over 75. It turns out that in the first 6 months of the year prices were rising and volume was high. In the second 6 months prices fell and volume was low. In that situation, even if prices fell more, the MEDIAN price is higher. Jeez. And auction success rates last weekend dropped to 17% (from 50%+ last year) according to the Australian - clearly as buoyant as a lead balloon.
Yes, the liars seem to be trying to protect themselves. Again.
The latest lie that I caught was a quote last week that Brisbane median house prices were up on a year ago and the market was buoyant. This had to be bs. So yesterday I'm reading the Australian before market open at a local coffee shop. Its the only reliable reporter of Brizzy news because its not paid for by local advertising and its pandering to people with IQs over 75. It turns out that in the first 6 months of the year prices were rising and volume was high. In the second 6 months prices fell and volume was low. In that situation, even if prices fell more, the MEDIAN price is higher. Jeez. And auction success rates last weekend dropped to 17% (from 50%+ last year) according to the Australian - clearly as buoyant as a lead balloon.
Yes, the liars seem to be trying to protect themselves. Again.
sinimini
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Its amazing how many stupid questions the news readers ask when interviewing 'experts'. Makes me switch over everytime. This is so f***ed up, you have to wonder who is profiting from this, and where will it end. Are we going to see a New Financial Order?
JTrader
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BBC yesterday - "we're not out of the woods though just yet are we?"
referring to record one day rise in FTSE100.
At no stage during yesterdays report did they mention that the rise was only due to the ban on short selling. They think public is stupid, and will forget what they were told yesterday, if they don't mention it today.
0007
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Interesting stuff. I read a book earlier on this year called, "Maxed Out". It's about debt in America, with some references to UK debt. It's all done deliberately, to tie people in to the system. Take Mrs T (Thatcher), on one hand she brutalised and starved the miners and on the otherhand gave people the right to buy thier council homes. '...Oh i can buy my house...', very nice of Mrs T, but it ties people into the system, a mortgage is debt, and debt works as a controlling and money making system for the hiararchy. I think the governments and banks have let people hang themselves, financially speaking.
0007
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Interesting points ......
Many of the people who've over-mortgaged have done it for greed. If they viewed their house as primarily somewhere to live as opposed to "easy riches" maybe it would be different. Thatcher's offer to council house tenants was, in my opinion, designed to persuade people to accept responsibility for themselves - a folorn hope in some cases.
I don't buy the " It's all done deliberately, to tie people in to the system." theory. That may be the result but it's only because people's IQ reduces to a minus quantity when they see the opportunity for a fast buck.
As for "Thatcher, on one hand she brutalised and starved the miners" - that's a very partial view IMHO. I used to live in a mining community and i wasn't aware of any law-abiding miners being brutalised or starved. I do however, acknowledge that the effect of closing the mines was devastating on morale and local traditions - but how long do you go on supporting outdated business models? (Gordo could tell us a thing or two i suspect).
That's true and shows how irresponsible the politicians and authorities have been. Government's first duty is to protect its citizens - they have failed miserably. But on the other hand wiser counsels have been pointing the errors out for some time and still the punters vote them back in.
.... one of the differences between genius and stupidity is that genius has its limits ....
JTrader
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Absolutely, thats what they do. If you are a student wityh student debts, or recent graduates, banks will send you credit card junk mail on a weekly basis, as they want to tie you into the system of debt enslavement - for life.
Once you have some cash behind you & a good credit rating etc. they're no longer interested.
That's a good point, JT. How many times have you heard about people with immaculate credit ratings being refused credit. Banks want(ed) someone who was stereotypically going to need more debt.
JTrader
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Jimbo!
I can't take him serious mate. I certainly don't agree with his 'financial terrorism' view. Entertaining nonetheless.The masses are dumb money, we are dumb money. I know where you are comming from though, JT. The masses get told it's traders who are to blame for the downside. What i want to know is who would be to blame for the upside, god, catholics, scientists....mother f*cking teressa?
I see what you mean, i was looking at it from a view of external forces working against the US.
Atilla
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Story on radio talk program had this lady who wanted to borrow some money for the first time and turned down.
The system had no record of her borrowing money so they deemed her a bad risk. How crazy is that.
Story on radio talk program had this lady who wanted to borrow some money for the first time and turned down.
The system had no record of her borrowing money so they deemed her a bad risk. How crazy is that.
Crazy to us, thinking like we think, but not crazy to the organised debt system....pure logic in that sense.
