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and i want to turn to this story from the uk - financial conditions for british
families falling at record level
the financial well-being of
british families fell at the fastest rate in at least fourteen years according to
data which underlined how inflation
and frozen wages
are making life tough
for many households
rising food prices record gas bills landing on door mats & stubbornly high
petrol prices
has combined with steadily increasing unemployment and low wage growth to
create a miserable few monthes for many
as we've been saying for what
six or seven years now on the show
is this is why
we are engaged in this battle against financial terrorism this is the way they
steal they steal from you slowly but sure enough they are stealing. Inflation
is everywhere theft against the population
and some people prefer that, you know to just slowly fade away
into financial oblivion
others like the silver liberation army are engaged in a battle and
and have saved and protected their wealth and financial well-being
by buying gold and silver
and sure there were some fifty percent moves
over the course of a few months
during that the past seven eight years
but they're not
slowly dying in a cold room somewhere in london
less than two percent of the people listening to our
shows and who watch us
have any impact preface overrule
in their right off dot blotting vallenato income people saying anything
he he he dot is there
of lawyers that all if you complain
just checked into a mental hospital because you need to be medicated you
need to be needed for a single city for anti-psychotic medicines fisher brain
dead
but having said that
uh... the uh... there there's good inflation is bad inflation
now during the past twenty years
there twenty five years basically post after reagan
all of the that creation
also created g_d_p_ growth and rising asset prices in the form of half-price
appreciation
people
up until recently in the u_k_
applauding inflation i meant the house prices were going up
and they were doing the wealthy traction they were using
their houses in
a_t_m_ they were
indeed they joined their their mortgage account with their checking account in
every month
that we are in their house and go out there for freeing up
more excess cash in their camp that they would go spend
so-called did inflation as the price inflation
and there's a lot of economics the law of diminishing returns or you can't beat
a dead horse
uh... to put it more simply
and he is system becomes exhausted beginning exhausted from all this debt
money being pumped into the system
and all this over consumption lack of savings
and that he did in two thousand seven two thousand a
and no matter how much money printing now the federal reserve is engaged with
or the bank of england has engaged with
they're not getting us house prices up
at all
they're not moving us house prices
so in a matter of fact house prices continue to go down there's no one at a
stimulus that's going to move those house prices and so they completely
lurie
returned to their
uh... base and level of valuation which is probably another fifty percent lower
from where they are now
this means that that money that's being pumped in the system
it has bypassed the house
but goes in the food and energy
so here you had a rough president down because it was a early in the inflation
scenario and now it's petering out but later on in this in areas where your
exit you're experiencing right now which is that the money keeps coming in
but it only makes food and energy go up even notice that you're going up before
because you were taking money out of your house to go by
higher food and energy
and he still have money left over
to by some a little suction
or to go buy a trip a vacation holiday to the southeast angry threw up on a lot
of spaniards
i think now and the house prices continue go down
but that money is still coming in sell food and energy is going out tonight
you're experiencing a double whammy of the downside
just like you had a double whammy on the upside you've got a double whammy of the
downside in a as night follows day is right people's left is a green light in
the red light in the mood in this uh... everything is a binary system and now
you have the opposite of the good inflation news brings that for twenty
years a
the problem is that
after twenty years of having that good inflation
people their whole generation grew up thinking that's the normal economic
system that's normal bust normality
normally the business cycle boom and bust is every seven to eight years
so you don't have a whole generation tricked by thinking that that's the
normal situation you have every seven or eight years people realize oh my god
there's a downturn there's a business downturn and they make their adjustments
accordingly and you learn better for the next time but here this whole
generations completely caught off guard had no idea that they actually things
can go down a prize you know in the u_k_ specially all those t_v_ shows how to
get on the property ladder
you know don't miss out again and property
you must own property he is the mortgagor house mortgagor kids your your
your have your password is there a house in their kids mortgage everything soon
you must get a house in moscow the property letter
here now to earn your prob relied on the more value go spend more money buying
more marble table tops and white kids
now is a completion ninos response will be bc shall for their own t_v_ shows
having found property property property officially unchanged saying
you know that you tried it because you think i'm saying
and get out of your full that the ticket because you can visit technique and it
out
and as a result in only a concentrated with advanced the immediate sinking fast
and at least tilted
well there you know that's the uh... financial analysis for max kaiser this
really staying at the string string in the poop poop
trackback of course the other thing is an that north sea lions rapidly
declining
more importantly that various
the cultural boom
leveraging out suppressing we do know that eighties and nineties produced
exactly zero
welcome and i told him that
really are
perfectly accurate exactly
that's the best they could do
surveys in ninety six
in historically will look back at them
you know a hundred years time and they'll say but nothing happened they
won't even have a attack
it we would have a paragraph
any history book because nothing happens
people thinking
literally nothing happened then
but at least now we're starting to have some big cultural movements this is
certainly historical sort of time it will warrant at least the chapter so far
in our history book and a hundred years time well as the particular michelle six
years ago that the collapse with have a twin
uh... effect of bringing at culture wave
do because our culture at the time to a popped out
and to the point of benign
you know
negligence of uh... of of the
and i mean
uh... problem
losing out of every pore of mcdonald's sphincter
and the end up with basically nothing but a pile of flan and yesterday's
asparagus soup
and uh...
now what we have is uh... aerial culture boom
where the bands this is where are you frickin
hands and
you're listening to residents one oh four point four you're watching your
brothers and sisters here is being lawyers and
banking when interest not on the street
in a
uh... trying to give dogs ***
and we can cashing in big-time by uh... starting arab and and winking on about
how screwed up everything is in the world economy now it's your time with
your time to cash in on the on that on the past
yellow stephanie time to go along
on residents
one oh four point four af and i'm sure while there is a
property property property sort of review
you know groups like the b_b_c_ and limit
bankers verses writers esti f u david cameron
this is a remix through
quist team the on you too
okay here we go out
what sizes
whether finds last month's rent city of london appliances economic growth
forum
la flying apple wander into the city of london and therefore apple hundreds of
sa
tableau fabrics
it was a francis's on
fancy
this
it thesis
sites
flat
five
five
donna
school
fat fantastic
there was that kristy lee
christy with
bankers verses rioters esti f u
david cameron their yet
camera now they see that is premiership will be pockmarked by is on the super
smooth suppository
inserted faced
that's been brought to a high colostrum
means union have
boris johnson's changing
find out that the new until it
with that
already do that again sent back
had to say that from there
if you get a very easily that you have to play it back to hear what you see fit
that
no
but for that
the playback but you know uh... camera is a
really uh...
he's of is one of these
you know
uh... public school
interactive experience but
uh... good who's coming up politically we got uh... than in the u_k_ anybody
and looking good down the on the back benches that uh... might might strike a
pose
lucinda get elected do something interesting or they'll just basically
losers
well there are the reasons because of two within the system anybody who is
fire stuckey and
and then p
in this crap system
by the way i was treating somebody from the play wondering why
there's something like six hundred and thirty m_p_s
this country there's little tiny
island nation yet uh... why do they need so many in the specially since they are
just plunder the taxpayer with these fake expenses and you know
is these people living off the dole
buying
you know these are the real guys at the daily mail to go after with their giant
wide-screen televisions that they buy from with taxpayer money yeah while this
also means you know and uh... if you pam right like thirty or forty thousand
pounds a year no more than that
you keep him off the streets so it's worth it they end at least take that
money and they go by uh... organic veggie burgers at wholefoods
and they had reconciles those two per every night down there in the pub
and they're keeping a lot of uh... or organic veggie burger makers and uh... i
call servers and business
so helps the economy
and they do nothing
uh... they are like gillooly's of the field look today neither spender toil
that that's a typical british civil servant they do nothing
but they don't hear anybody if you keep their asylum is low enough they can he
can make more than forty thousand pounds here anyone who makes more than forty
thousand pounds you should have their head taken off
and i'd just as a uh... but you know that as uh...
normal procedure they should probably decapitate somebody everyday now they're
just keep on the line
but just enough people off the street
otherwise they'd be looting
uh... you know in breaking windows and acting carrying on
and maybe more of a
burdens the society this wages keepers mildly retarded civil servants off the
st
and given something to do all day
in against a box of finger paints
you know and game of twister maybe
some like parts in that is
keeping busy keeping busy people started this year the every game like a real job
in a real company
here probably in accidentally launched a new killer attack somewhere
or you know he blocked
that factory is something that the american really no real responsibility
and trying to find a story
that a read and i can i wish i had saved it
who it might be brian lend a hand trying them
they were saying that somebody was drunk
in the uh...
in that bar
within that
that parliament in ireland every single minute night during his that
during the crisis in the bed
this day basically were willing to host blood is liquidity crisis of the china
single-handedly cure that by drinking on the blues in the bar