Current Take:- http://axiomgate.proboards61.com/index.cgi?board=money&action=display&thread=666&page=1#1223647599
Debate Here:- http://axiomgate.proboards61.com/index.cgi?board=globalisation&action=display&thread=440&page=1
The Economy is collapsing to a plan of sorts.
The main banks that are falling are those that offered the Best Mortgage deals on housing, Northern Rock and Halifax (HBOS).
You see the people that had the Loans purchased houses on an inflated market, house being twice or three times higher than true market value. A house for £32,000 10 years ago now costs over £100,000. So people borrowed on average £200,000 for a home, a home that was really worth say £100,000. The house prices then started to drop, but inflation went up. People couldnt keep up with the cost of living and repayment on the loan, the house became repossessed in a down turn, at auction the house would perhaps if the bank was lucky pay back just over 50% of the loan. Repossessions are at an all time high, and inflation and interest rates are still VERY high, if the cost of living and fuel continues to rise we will see more falling short and losing their home.
Lloyds TSB just saved HBOS by buying them, yet the Loans and fallout is still climbing within Halifax customers, Lloyds may be able to swallow this climb in repossessions, but it may not. Should they fail or struggle we may see the Government buy out/inject funds into TSB, should this happen all the customers that dont keep up repayments will owe the Government rather than the Banks.
Should the Economy fall totally the Government would have every right to ask that all Loans are paid in full, should you not be able to do so, like most cant, then you could lose your home and land. For us the people are should hold no wealth in land or mortar.
The New World Order is almost here…
Duration : 0:10:1
October 31st, 2008 at 8:36 am
It was first the …
It was first the crisis then the world war…
Maybe the same will be here…
We have the crisis all we need is the world war…
Maybe it will start on 21.12.2012?
October 31st, 2008 at 8:36 am
Thanks Zen.
Thanks Zen.
October 31st, 2008 at 8:36 am
yeah, it truly is …
yeah, it truly is predators sniffing out their prey. When you take out any moral constraints for treating other human being descent, there only thing making it right is legality and loopholes. The NWO seems to have something there, some sort of law, based upon double wording, like a competition of bending the rules they have amongst themselves.
Perhaps they do have a higher order of reptilian draconian aliens as mentioned by David Icke and others. But either way, we are a resource, like edible.
October 31st, 2008 at 8:36 am
Hey good videos.
I …
Hey good videos.
I like this format a lot.
October 31st, 2008 at 8:36 am
It’s worrying that …
It’s worrying that within the market these tactics have been employeed.
October 31st, 2008 at 8:36 am
The only real …
The only real problem there is the national bank could place their resevers on the market and the price of such items would drop.
You need to spread investments, there by reducing the risk.
October 31st, 2008 at 8:36 am
Hi Ray,
The …
Hi Ray,
The Video is set for embeding allowed, all USA180 and the others need is the Embed URL found top right under the Subscribe button.
October 31st, 2008 at 8:36 am
These super rich …
These super rich will still not be part of the elite. They will still be viewd with the same contempt as any common man on the planet. Thank fuck. The contempt comes from a source that would even astonish them. I hope that thought gives some some comfort.
October 31st, 2008 at 8:36 am
This would be …
This would be excellent on all 180 sites. Could you send it to USA180 and they will post it on all their sites. Cheers.
October 31st, 2008 at 8:36 am
The best way to …
The best way to protect your family in the financial collapse is to buy gold and or silver. that is the only real money it exists
October 31st, 2008 at 8:36 am
I worked briefly as …
I worked briefly as a mortgage broker and I was always concerned about what we called “low documentation loans”. What can you say about institutions that will give people with bad credit histories loans ? They’re nice ? Nope, think again. These people have a history of managing funds badly and are being given loans where a financial hiccup will see them sink without a trace. It’s like giving a depressed person a noose on the grounds that they probably aren’t suicidal.