Gordon Brown – UK Housing Market – Boom and Bust
uk.youtube.com “I will not let house prices to get out of control…” Forgive me for the omission. Just a reminder of some of the things that Gordon Brown has said in the past about house prices, boom and bust and other things. He thinks that we’ll avoid negative equity by encouraging more people onto the housing ladder. Well done, Gordon. www.socialhacker.co.uk
Video Rating: 5 / 5
He didn’t de-regulate the banks, he re-regulated them, to prop up an unsustainable, election-winning boom.
2.30 ….and now the banks are refusing to pass on the loans…
… is it because they know property is set to fall still further, and even with 30% deposit they may be left with property worth less than ‘they’ borrow?
Labour including Brown have been in power for 12 YEARS. His light touch with banks allowed them to give people huge amounts of money on credit. Money they would never be able to pay back. Even today I still have a £10,000 limit on my credit card. How much do I owe?-not one penny, because I have lived within my means. This government should start doing that now and not keep on borrowing.
Yes your right – It was an ill thought about comment I made, but i have since read more and have to agree with you. My question now is…. who is he working for? The bankers? Because he seems intent on bankrupting britain
Dear boy, he gave the Bank of England independence. If he didn’t like it, he could have “nationalised” them…
He inherited??? He inherited a growing economy with low and falling deficit, which grew to a surplus before the 2-year grace period ended, before he mauled the pensions, the gold reserves, etc,etc,etc…
Of course, if it’s all inherited and global and nothing’s his fault, then he can’t claim any responsibility for the good times, as he clearly sat on his arse for 11 years.
It is his fault you plonker!
He deregulated the banks! And the recession started in the US and the UK not in China! its not a recession created by the east but by us in the West by greedy muppets that didnt pay back their loans!
EVERYONE saw this coming (except Brown, King, Darling, Greenspan, Bush, Robert Peston, Evan Davis, and, it would appear, you).
Britain’s (and America’s) entire economies are giant PONZI SCHEMES.
Do the maths: 97% of money is created by banks as debt. Repayable at interest. But the interest isn’t created. IT REQUIRES NEW DEBT IN ORDER TO SERVICE THE EXISTING DEBT. THE IMPOSSIBLE CONTRACT. IT CAN NEVER BE REPAID. AND IT REQUIRES EXPONENTIAL NEW DEBT OR IT COLLAPSES. ECONOMICS 101…
Because Gordon Brown is a titular head, a puppet. This bubble has been engineered. It is a fundamental REQUIREMENT of the current monetary system. Educate yourself on what money is and where it comes from. Then learn about “the impossible contract” i.e. where 97% of “money” in the economy is created as debt, repayable at interest, but the banks only create the principal of the loans and NOT the interest.
The debt requires EXPONENTIAL new debt to stave off total collapse.
really now… and whys that then?
Sadly robitsme, I don’t think you know what you are talking about.
Its not Gordon Browns fault. Its something he inherited, and its a problem that is worldwide created by the banks, by making credit easily available.Its the banks, and in particular the central banks, like bank of england and federal reserve in the states that ar emore to blame by setting low interest rates. Gordon brown can be blamed however for making promises that he knows he cant keep
They wanted high house prices, because its good for the economy (short term) People, think they are rich when their house is worth a fortune, and spend more, borrow more. The reason why they didnt build more social housing as they promised because it pushes house prices down, which in turn stops people spending. However, the bubble is destined to burst, because high house prices cant be sustained, it needs people to get into more debt, which creates boom and bust
As the Government holds a 43 per cent stake in HBOS, much of the loss will be borne at taxpayers’ expense. The Government invested £17.7 billion in Lloyds & HBOS on behalf of taxpayers. The loss on investment to date amounts to £8.3 billion – or £143 for every person in the country. The responsibility for this perverse and costly outcome rests with the Government.
The real weakness is that we are unable to sack the CEO – Gordon Brown. Even in a bank he would have been fired by now.
CHANGE!
GORDON BUST…..
Unfortunately, not enough people are yet aware of what you mention.
Too many of the general populaces are still seeing events as they are told to see them. I think the only positive we can provide our fellow humans is to spread the information about how such artificial cycles exist and to point them to reality.
The more know, the more freedom exists.
Boom and bust whats happening here then 1.3 billion borrowing and who pays the bill. Not hikets will be lined befor he loses his job.
At least with the likes of Mugabe you know you’re getting a thieving. lying cheating sod. Our media is so corrupt, it’s hard to get the truth over.
Thank gods for YouTube.
energetic fun smart and loves this video
comment me back Ps
Vile berk.
Poor Gordon could have kept his word and been a world class hero if he had only taken steps to do what was necessary to prevent the forces that operate to create the periodic boom bust cycle in real estate. He didn’t because he would have had to go against 100s of years of practice where the owners of the earth think they have the God given right to charge the rest of us for access to our own planet thereby becoming wealthy and giving the rest of us a lust for doing the same. Silly buggers.
I will link it on the description page of this video – I wanted to focus on the economy as well as House Prices – but had I had more time (music allowing)I would have included it.
Thanks for reminding all the viewers.
James
What about his boast about not letting house prices spiral out of control?