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Inflation rising, stocks down - end of housing boom?
Not sure what you boys are arguing about but I shall stick my oar in regardless. I too chose to invest in property and have managed to pay 85% of both mortgages (remaining debt is £50k) over the past 5 years. I fail to see how I will come a cropper should the market crash. Could someone explain to me why I am doomed?
You're talking about the fractional reserve banking system and the fiat currency (GBP) - once you understand how it works, you'll know it's the biggest scam going. I see it as part of an education process. A long time ago, I used to think retail banks (Barclays, etc) were decent companies that would look after you and not actively try to scam you. Now I know that to be untrue. It's the same thing with central banks and bankers, only on a bigger scale. Inflation is only 2% hah! What most people think of as inflation is ~8% (i.e. the growth in money supply M3/M4 (10%) minus GDP growth (2%))
Inflation is only 2% hah! What most people think of as inflation is ~8% (i.e. the growth in money supply M3/M4 (10%) minus GDP growth (2%))
Bob: most people think of inflation as the rise in price of a basket of household goods, like mars bars, ladies' thongs and PS2 players. Your definition seems more precise. Why isn't it more widely known or used?
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