Reply to: UK expats - f**k em

[PurpleGorilla]

But here's the interesting question. When will the bubble burst?

Just saw an article in the Telegraph saying Greece must leave the Euro. Same article every year for last 4 years.

What concerns me is that bubbles don't deflate. They tend to burst. But spotting just when that moment is hard. Maybe when everyone thinks the bubble has to grow forever?

Very difficult to call, especially with active intervention to boost the market (20% discount to FTB as announced a few days ago). How many more active interventions will there be by UK GOV whilst the bubble stays inflated?

Inflation is falling but a Japan senario looks less likely with oil prices falling giving europe a boost. But I don't see things leading to recession, rather traction gained ahead of the pick up, and when they pick up - they may go for it; and this might be the interest rate bubble prick we need.

A lack of Russian money may impact the top of the market in London, but I don't see this bringing the house down. That's just froth.

Personally I'm not intending on taking a large mortgage any time soon. I have enough risk/stress without that in my life! Ok so I live in a modest house - at least I sleep well at night.

I suppose, when the actual cuts come, which UK GOV has side stepped for 5 years; that might start to bite. Who knows!

[BrilloPad]

c.f. Romps, Tots, and Boffins: The Strange Language of News; Robert Hutton (2013)

(Note for grammar pedants: I added the extra comma after "Tots", because the US punctuation seems more logical.)

Wretched Americans forcing their foreign spelling on us. I hope MS has something to say on this.

[OwlHoot]

By the way, it's terribly common to use the term "Brits". It's the kind of word the tabloid press put in their stories. Try typing "British" in full. I know you're a racist scumbag, but that doesn't mean you have to lower your standards of English.

c.f. Romps, Tots, and Boffins: The Strange Language of News; Robert Hutton (2013)

(Note for grammar pedants: I added the extra comma after "Tots", because the US punctuation seems more logical.)

[scooterscot]

Mars bar manufacture is in Slough.

You get your batter from Scotland?

Tunnocks cameral wafers actually.

[vetran]

Rather ironic n all since my business continues to support workers back home in Scotland.

Mars bar manufacture is in Slough.

You get your batter from Scotland?

[scooterscot]

Rather ironic n all since my business continues to support workers back home in Scotland.

[BrilloPad]

Nice to find someone with a similar perspective on this.

+1

But here's the interesting question. When will the bubble burst?

Just saw an article in the Telegraph saying Greece must leave the Euro. Same article every year for last 4 years.

What concerns me is that bubbles don't deflate. They tend to burst. But spotting just when that moment is hard. Maybe when everyone thinks the bubble has to grow forever?

[PurpleGorilla]

Ohhh. Someone's going to play devil's advocate. What fun.

UK pension is a ponzi scheme. You pay for the next generation. Hence we need an ever increasing population to make it work.

The idea of tax is we are in it together. You pay an amount according to your means. You take out according to your needs. You are not supposed to get out what you put in necessarily. I think quite a few rich are not subscribing to this "we are all in it together" model anymore.

Until 15 years ago I was proud to be British and bought up in this country. One reason I am fed up with this country is pandering to people like expats.

I do intend to leave the UK at some point - I will be working abroad.

And I have already told my children they will need to leave the UK - its going downhill. The only thing keeping the country afloat is rising house prices. Another ponzi scheme.

Nice to find someone with a similar perspective on this.

+1

[Zero Liability]

Ohhh. Someone's going to play devil's advocate. What fun.

UK pension is a ponzi scheme. You pay for the next generation. Hence we need an ever increasing population to make it work.

The idea of tax is we are in it together. You pay an amount according to your means. You take out according to your needs. You are not supposed to get out what you put in necessarily. I think quite a few rich are not subscribing to this "we are all in it together" model anymore.

Until 15 years ago I was proud to be British and bought up in this country. One reason I am fed up with this country is pandering to people like expats.

I do intend to leave the UK at some point - I will be working abroad.

And I have already told my children they will need to leave the UK - its going downhill. The only thing keeping the country afloat is rising house prices. Another ponzi scheme.

Agreed on all this, except the "we are in it together" part regarding tax, which is scarcely the case. Leaving could be a good option, and one I am considering, as there are plenty of nice places out there with structurally sounder economies, however the entire global economy has unfortunately become very cyclical on account of central banks, so even if you go somewhere nice and productive like NZ, you'll still feel the consequences when these bubbles are burst, as the flipside of the financial bubbles, are the commodity ones as all the artificial credit sloshes between them. It's a shame, as I like Britain... but not its rather destructive political elite.

[darmstadt]

See nothing wrong in that myself. Its hardly as if millions of Brits are unemployed in other EU countries anyway.

Its growing though...and they do seem to be lazy buggers:

In June 2013 there were 4,648 Brits and 3,664 Americans claiming unemployment benefit known as Hartz IV.

While this accounts for less than one percent of the total number receiving the benefit, the percentage of British and American expats who claim while being fit for work is higher than the national average.

Of the British claimants, 87 percent were fit for employment whereas 83 percent of Americans claimants who get benefits were able to work. The national figure is 73 percent.

The Germans will also be taking this stance as figures show that 1 in 3 unemployed is a foreigner




(* these figures were for 2013 and 2014 has shown an increase, figures to come if I can be bothered translating the PDFs I have)

[SueEllen]

I know you're a racist scumbag, but that doesn't mean you have to lower your standards of English.

Is he passively racist, like me, or actively racist?

[darmstadt]

So, they worked and paid tax in the UK for forty+ years and then retired somewhere warm. Yeah Fck 'em. Since 'benefits' hasn't been defined thus far it covers everything from healthcare to state pensions.

Or do you actually think that Debbie (21) from Essex has gone to Magaluf to claim benefits?

No, to get rich quick by smuggling cocaine

[NickFitz]

I don't really follow from the post above?

Flashman could just as easily have meant there were few immigrant unemployed here?

And questioning immigration does not make one racist. Necessarily.

Maybe I missed a memo from the CUK clique on Flasghman's other posts?

Just look back through his posts.

[BrilloPad]

The implication presumably being that millions of non-British-citizens are unemployed here?

Let's see what our anti-immigration government's figures say:

In 2014, 4.9 million (92.6 per cent) working age benefit claimants were British while only 131,000 (2.5 per cent) were EU nationals. The number of recipients from outside of the UK — but not from the EU — was 264,000 (five per cent).

- How much do immigrants really claim in benefits? - Telegraph

Of course, those figures are for all benefits claims, not just unemployment benefits, so people working for very low wages and receiving benefits to bring them up to a basic standard of living are counted among those 395,000 non-British people receiving benefits. But even if they were all unemployed, it's still some way from "millions".

By the way, it's terribly common to use the term "Brits". It's the kind of word the tabloid press put in their stories. Try typing "British" in full. I know you're a racist scumbag, but that doesn't mean you have to lower your standards of English.

I don't really follow from the post above?

Flashman could just as easily have meant there were few immigrant unemployed here?

And questioning immigration does not make one racist. Necessarily.

Maybe I missed a memo from the CUK clique on Flasghman's other posts?

[NickFitz]

See nothing wrong in that myself. Its hardly as if millions of Brits are unemployed in other EU countries anyway.

The implication presumably being that millions of non-British-citizens are unemployed here?

Let's see what our anti-immigration government's figures say:

In 2014, 4.9 million (92.6 per cent) working age benefit claimants were British while only 131,000 (2.5 per cent) were EU nationals. The number of recipients from outside of the UK — but not from the EU — was 264,000 (five per cent).

- How much do immigrants really claim in benefits? - Telegraph

Of course, those figures are for all benefits claims, not just unemployment benefits, so people working for very low wages and receiving benefits to bring them up to a basic standard of living are counted among those 395,000 non-British people receiving benefits. But even if they were all unemployed, it's still some way from "millions".

By the way, it's terribly common to use the term "Brits". It's the kind of word the tabloid press put in their stories. Try typing "British" in full. I know you're a racist scumbag, but that doesn't mean you have to lower your standards of English.