Thread: Russia May Face Debt Crisis Like Greece

Originally Posted by Neo

You can see the sharp decline in prices from 2008 and the continued downward trend, to the point now where there really is nowhere left to go, let alone enough percentage points for a crash. The price may continue to steadily decrease, but lack of stock and long term investment will keep the housing market afloat, albeit at much reduced levels of return.

you fucking idiot, look at the graph, it's quoted in fucking OZ Gold, not GBP

can you be any more stupid ?

next you are going to tell us that UK residents are buying their house and paying their mortgage in fucking Gold

fucking lame troll

Would that be Oz gold? Bwahahahahahahahahahahahahahahahaha!



Oh best fucking laugh I've had in ages, I've got tears in my eyes!
Going to be fun watching you try to wriggle out of this.. bwahahahahahaha!

give it up Neo, you are a fucking ignorant tool

to the level of Socal nonetheless

What? Give what up? That's fucking pathetic!!!

Note to blue...

The graph is measured against the price of gold because gold has a steadier value than currency, so it indicates globally a far more relative and measurable price to predict market prices against or trade value. Most commodities are measured in financial circles against their relative value in gold or silver.

Oz gold does not mean it comes from Australia, as I'm sure you are aware..!

^ properties are a commodity ?

Neo, your easy repetitive ownage is embarrassing

Oz gold!! Let me google that for you

Bwahahahahahahahaahhaahahahahaha

Hello..? Butterfly..? Where have you gone..?

Originally Posted by Butterfly

running away when faced with difficult questions he can't answered, again

"pupa" your one to spout you "WANKER" you never answer any point that's put to you in sensible terms!

I don't often agree with "neo" but he's right and you "pupa" are nothing other than an illiterate little belgie Prick!

^ No she's not she's a big one

Originally Posted by Butterfly

you fucking idiot, look at the graph, it's quoted in fucking OZ Gold, not GBP

can you be any more stupid ?

Oh dear, anyone looking for a new signature.
That's right up there with 100 MB = 1GB

Originally Posted by Neo

Oz gold!! Let me google that for you

Bwahahahahahahahaahhaahahahahaha

you fucking tool, the point was Gold

where did I mention fucking Australia you tool ?

Originally Posted by The Bold Rodney

Originally Posted by Butterfly

running away when faced with difficult questions he can't answered, again

"pupa" your one to spout you "WANKER" you never answer any point that's put to you in sensible terms!

I don't often agree with "neo" but he's right and you "pupa" are nothing other than an illiterate little belgie Prick!

arguing with fascist retards like you on politics, and ignorant tools like Neo on financials is what get me high here,

the place would not be the same without ignorant fools like you

You are welcome to bring your "knowledge" on the table regarding financials, should be amusing

Originally Posted by sabaii sabaii

That's right up there with 100 MB = 1GB

The signature of that ignorant fuck was "100 MB != 1G", can't remember which fool it was actually

[quote=Butterfly;1796691]

Originally Posted by socal

Gold went up all through the interest rates rises in the 80's

because Gold was an inflation hedge, nominal interest rates were high, but real interest rates were low, some were actually negatives because of the tax burden for investors (paying 110% tax rate in interest income)

this among other things forced the big bank and financial institutional reforms of the 80s

No. Real interest rates where 10%, nominal where 20%+.

Originally Posted by socal

gold went up from 2004 to 2006 when rates in the US went from 2% to 5%.

again, there was a fear of inflation and economy overheating after the 2002 recovery

There is inflation, that is why gold has not stopped and will not stop until we have a repeat of the 80's, real interest rates 10% plus. I wonder how the average western debtor will do under 10% inetrest rates ?

Summary for Neo claims are:

- Properties are commodities
- Properties value in the UK are quoted in Gold

no, you couldn't make that shit up

Originally Posted by Butterfly

Originally Posted by blue

why should house prices be so much higher in Britain than many other countries ?

apparently because it's an island from what I understand and you can't build new houses, which sounds quite extraordinary

Japan is an island too, the last time I checked.

and property prices have been falling for years...

Originally Posted by blue

Originally Posted by Neo

Quote: Originally Posted by blue View Post why should house prices be so much higher in Britain than many other countries ? Try fucking reading the posts or look at some other sources of information you thick northern twat. Why are they higher?, I know, you obviously don't, but the fact that they are means there is a reason for it, trying finding that reason instead of spouting the first moronic question that comes into your head.

I know why British house prices became so high- but i'm saying theres no reason why they should stay at that level

they got high due to:
Mass immigration -of cash rich crooks + penniless welfare people getting the state to pay huge rents for them .
Banks handing out huge wads of cash to would be buyers .
Few houses being built
higher wages in Britain than most other countries
booming pay rises + millions of new government red tape jobs and consultants etc

most of these drivers for higher prices are drying up- so why should houses remain so expensive to average earnings

They are more or less being kept there for a while by zero interest rates ,
but that wont last much longer .

They are high mainly because of low interest rates. Take away the low rates and they will fall.

Originally Posted by Begbie

^er yes because projections imply that current trends of building up debt will continue. Even with the KGB running the country that's not going to happen.

The next Domino after Greece appears to be England, no economy to speak of and public borrowing actually increasing despite the tories claims they were going to cut back. Hence the fall in the pound last week. Highest per capita debt in the developed world apart from Japan.

You havent got a jar of Glue mate.
The UK economy will never fail, why? Because we have hot shot, coked up young traders in the City who will gamble us out of this mess.
We have the finest traders/gamblers in the whole world who can put trillions on red or black and come up trumps.

Dont fear, dear old England never has and never will fail. We rule the world.

If that fails we will invade Australia and take all of their stuff and ship them out with the smelly abos.

Originally Posted by Butterfly

Summary for Neo claims are:

- Properties are commodities
- Properties value in the UK are quoted in Gold

no, you couldn't make that shit up

Gold is the only currency that you can accurately price assets in because it takes away the arbitrage of central bank inflation(or deflation) and currency fluctuations in general.

Thats only of you want an accurate price though. Gold is waay over most peoples heads, that includes you.

All this fancy talk is good, but leave that to the suits.

For guys like us the most important thing is how much sperm can you get ejaculated and how many Beers can you get in Thailand for 100 quid?

Obviously, the more the better. I admit it is pretty grim right now, but lets all pray for an Asian financial crisis and cross our fingers and soon we might get more for our 100 quid.

Originally Posted by socal

Gold is the only currency that you can accurately price assets in because it takes away the arbitrage of central bank inflation(or deflation) and currency fluctuations in general.

BS, that's a day trader definition trying to bank a big win by "pricing patterns" of assets in another "currency"

in short, it has nothing to do with reality or real economics, above all when Gold is overpriced and making certain assets cheap in their Gold equivalent fueling speculation on little fundamentals. Completely crazy assumptions to think that Gold can price everything in real terms, above all when Gold itself is exposed to so much speculation.

Originally Posted by socal

Thats only of you want an accurate price though. Gold is waay over most peoples heads, that includes you.

says who ? you and your day trader friend Neo ?

Originally Posted by Butterfly

Originally Posted by socal

Gold is the only currency that you can accurately price assets in because it takes away the arbitrage of central bank inflation(or deflation) and currency fluctuations in general.

BS, that's a day trader definition trying to bank a big win by "pricing patterns" of assets in another "currency"

in short, it has nothing to do with reality or real economics, above all when Gold is overpriced and making certain assets cheap in their Gold equivalent fueling speculation on little fundamentals. Completely crazy assumptions to think that Gold can price everything in real terms, above all when Gold itself is exposed to so much speculation.

Originally Posted by socal

Thats only of you want an accurate price though. Gold is waay over most peoples heads, that includes you.

says who ? you and your day trader friend Neo ?

So you think you can accurately price things in US dollars ? every time I bring up this chart, it still blows my mind. Gold is dirt cheap right now.