The first domino?

[Woolless]

There seems to be a real case of 'economic illiteracy' in governments apart from China and Russia.

A simple case close to our hearts is moving the £billions from CAP which is fantastic for the wider economy to SFI/ ELMS which MAY provide public good but what economic good is it going to do?


This isn't really relevant, but I'll park this here;

https://ec.europa.eu/info/sites/default/files/food-farming-fisheries/farming/documents/cap-expenditure-graph1_en.pdf

Probably because Chinese and Russian leaders don't need to worry about getting elected and play the long game.

 

[egbert]

I agree,
Muslims lend and borrow without resorting to usury.

that's cruelty to bears isn't it?

 

[Suckndiesel]

its only money
https://www.usdebtclock.org/world-debt-clock.html

 

[CPF]

Best time now, a friend is selling up but says he cant get it to market until this time next year, he'd ideally want it on the market now.
I also know of a few who are just about to sell their house and then move into rented and hope the market crashes, timing is everything.!!!

Pm me
Got a friend Who would probably buy it now .and let him stay there until next year

 

[livestock 1]

its only money
https://www.usdebtclock.org/world-debt-clock.html

Frightening

 

[hoff135]

Frightening

Us fed balance sheet was only 800bn pre 2008 I believe. Now its nearly 30tn

 

[livestock 1]

Us fed balance sheet was only 800bn pre 2008 I believe. Now its nearly 30tn

This has to mean large currency devaluation across the board

 

[neilo]

Brother buying smallholding in Germany.
I hope to need a big suitcase.

Out of interest, have smallholding prices gone nuts in Germany too? In the UK there has been a headlong rush to move out of town, for those that can, leading to rural prices spiking and urban prices easing off.
Has the same thing happened over there, or is it just a UK phenomenon?

 

[hoff135]

This has to mean large currency devaluation across the board

Sorry may have got that wrong looked it up and it's saying near 8trillion at the moment. Still a lot

 

[ollie989898]

Out of interest, have smallholding prices gone nuts in Germany too? In the UK there has been a headlong rush to move out of town, for those that can, leading to rural prices spiking and urban prices easing off.
Has the same thing happened over there, or is it just a UK phenomenon?

As I understand it, in the German property market, a lot of people rent and the government even controls rents so there is little or no UK-style property empire building to be done.

 

[ollie989898]

Sorry may have got that wrong looked it up and it's saying near 8trillion at the moment. Still a lot

View attachment 1007613

I just see that as a terrible shame really. If they could have kept it at about 1 trillion I'd understand.

 

[Nearly]

Out of interest, have smallholding prices gone nuts in Germany too? In the UK there has been a headlong rush to move out of town, for those that can, leading to rural prices spiking and urban prices easing off.
Has the same thing happened over there, or is it just a UK phenomenon?

There are still a few rural properties available.
They are a nation of residential tenants but someone must be having a good do out of all that rent money?
Perhaps the urban tenants still have a % interest in family rural property?

 

[hoff135]

I just see that as a terrible shame really. If they could have kept it at about 1 trillion I'd understand.

Some say we are at the limits if the current monetary system and at some point in the near future a new currency will come about. This will likely be digital so central banks can take rates negative and force people to spend if they want. I think our own boe has been looking at central bank digital currency (cbdc) no idea if/when this will be introduced

 

[livestock 1]

Sorry may have got that wrong looked it up and it's saying near 8trillion at the moment. Still a lot

View attachment 1007613

I would assume that one county’s problems will drag others into the same the way the banking system works ?

 

[puppet]

Anyone who has never had the need to borrow is indeed fortunate....

or painfully unambitious

The ambitious can suffer a lot of pain too.
Until 2008 I thought the banks had a pot of money round the back and when I wanted to borrow some it was available. What became clear was that the banks were run by painfully ambitious psychopaths who just got off on acquisitions and borrowing even more to fund their ego trip. The risk-averse were simply moved on as they were wimps who didn't appreciate the 'real' world.
They used complicated gearing, levering, derivatives, etc which even they did not understand. Problem was when they started to call in the debt they found it all just went in a big circle and found they were lending the money they were owed.
So the taxpayer (me) bailed them out, then had to pay extra arrangement fees and whatever the banks could do to earn more then they were effectively privatised again with no dividend coming back to the tax-payer. Did anyone go to jail?
They have had 14 years to build up a war chest with low interest rates and it will all go wrong again at some point.
Meanwhile all the economists never see it coming.

 

[hoff135]

I would assume that one county’s problems will drag others into the same the way the banking system works ?

Most countries seem to be up sh*t creek without a paddle so probably. No one seems to know how much debt is out there

 

[Agrivator]

There seems to be a real case of 'economic illiteracy' in governments apart from China and Russia.

A simple case close to our hearts is moving the £billions from CAP which is fantastic for the wider economy to SFI/ ELMS which MAY provide public good but what economic good is it going to do?


This isn't really relevant, but I'll park this here;

https://ec.europa.eu/info/sites/default/files/food-farming-fisheries/farming/documents/cap-expenditure-graph1_en.pdf

It would be worth starting another thread on this topic. Do naive environmentalists ( and Carrie?) have too much influence on policy makers.

 

[Fake it ‘til you make it]

The ambitious can suffer a lot of pain too.
Until 2008 I thought the banks had a pot of money round the back and when I wanted to borrow some it was available. What became clear was that the banks were run by painfully ambitious psychopaths who just got off on acquisitions and borrowing even more to fund their ego trip. The risk-averse were simply moved on as they were wimps who didn't appreciate the 'real' world.
They used complicated gearing, levering, derivatives, etc which even they did not understand. Problem was when they started to call in the debt they found it all just went in a big circle and found they were lending the money they were owed.
So the taxpayer (me) bailed them out, then had to pay extra arrangement fees and whatever the banks could do to earn more then they were effectively privatised again with no dividend coming back to the tax-payer. Did anyone go to jail?
They have had 14 years to build up a war chest with low interest rates and it will all go wrong again at some point.
Meanwhile all the economists never see it coming.

Only one banker was jailed in UK, I believe. Tom Hayes from UBS, jailed for his part in rigging LIBOR, got out last year

 

[livestock 1]

Most countries seem to be up sh*t creek without a paddle so probably. No one seems to know how much debt is out there

The old system of some depositing money in banks while others lend it has long gone so have the favourable rates for savers. Not a bad thing for those of us developing a business as long as it doesn’t end in tears that is

 

[Kidds]

I'd say it's more a reflection of the London bubble bursting than wider economic problems.

May be so but as Top Tip said, it is the money from property sales within London that is being used to buy a lot of rural properties. Post covid lockdowns and working from home a lot have people have sold up and moved to the country. I'd say that market has doubled the value of my house.