Bank of England saves UK from crash

[Marty Champions]

That worthless ghetto Dindus are walking around with IPhones that weren’t available even to elites 20 years ago is proof that this is true:

these are really sensible quotes

Tommorow our great gov can get us through OPEC or higher property tax or supply chain tax

[Mayday]

This is why you’re gonna see a massive number of bankruptcies in the next couple of years.

Credit and fiscal work in harmony.

Expansion via credit and when it’s maxed we see fiscal spend monetise the debt, then it switches back to credit. It’s happened multiple times over 100yrs.

It was going to collapse mid 70s and it didn’t. 30yrs later it was going to collapse in the GFC and it didn’t. 12yrs later it was going to collapse during the pandemic and it didn’t. Even now people said we couldn’t raise rates more than 1% yet we are triple that and still no crash…..

People holding off buying things in 2020-21-22 how is that working for them? Fucking wrecked. Now those same people are desperate as fuck for a crash to bail them out but it isn’t coming.

[sculpture]

so no crash then....

[Mayday]

so no crash then....

It’s like this:

Low rate mortgages holders do not want to sell because they would then have to take a high rate mortgage. This holds back massive supply from the market.

The new constructions are the only real supply coming into the market But due to supply chain delays and labour shortages this takes a long time to balance out and get those homes onto the market. They are drip Fed basically, not a wave of houses hitting like during GFC.

A cooling off, sure. A huge crash? No. The reason why debt monetisation periods are fucking miserable is because prices keep going up when everyone expects them to crash and you simply see your purchasing power evaporate.