From the Guardian Budget 2009: More cash for first-time buyers’ cut-price mortgages:
More first-time buyers will be helped on to the property ladder by the government-backed shared ownership scheme HomeBuy Direct, after the chancellor said he was allocating it an extra £80m.
They must mean property-snake, surely? It’s clear that the UK government has moral qualms with [...]
Fred Harrison is another person with some foresight on the current situation. He is one of the people that was influenced by Henry George. He’s the author of the very gloomy ‘Boom Bust: House Prices, Banking and the Depression of 2010′
Here’s one of his articles from 2005: The Mystery Of Britain’s Missing Recession
Fred Harrison’s main [...]
When I was travelling in Australia I met an investment guru named Paul Anderson. We talked about travelling and he told me how when he was in his early 20’s he was in India. He wanted to know why some people were so wealthy while others had nothing and so began his study of economics. [...]
The government of the UK has always denied that the UK suffers from the same problem of sub-prime mortgages and so called NINJA loans (no income, no job, no assets). Although several investigations have shown that there might be a lot more sub-prime mortgages about than many people realise. As the number of repossessions increase [...]
Here’s a great explanation of the Housing Crash, applies to many of the markets around the world, USA, UK, Australia, Spain etc. First posted on YouTube in August 2007
Here’s a documentary from the beginning of 2008 about UK subprime mortgages.
This was already investigated in a documentary in 2003 which you can watch here: It could have been so different
Don’t believe the politicians that say this is all an American problem and that it’s not as bad as the USA. Truth be told [...]
There is a new documentary out called Garbage Warrior about a man who is able to design and build houses from garbage that facilitate a sustainable lifestyle. Apparently it was on Channel 4 (UK) earlier today so keep a look out for it in your part of the world.
Here’s a quick demonstration of how it [...]
Behind the complex stories of individual bank failures, state bail-outs and shotgun weddings lies a simple overextension of credit to ordinary people, chiefly in the form of home mortgages. All major financial firms are significantly exposed to these loans, which have been going sour at a rising pace in the US and, more recently, in [...]
Somewhere in an alternate universe Gordon Brown prevented ‘boom and bust’. Below is an imaginary dialogue between Gordon Brown and the FSA.
The documentary referenced in this dialogue can be found on Google Video. This documentary was first broadcast in 2003.
Money Programme: Massive Mortgage Fraud
It highlights the fact that the UK has it’s own ’sub-prime mortgage’ [...]
Don’t let the mainstream media fool you that the current economic situation in the US and UK came out of the blue. Contrary to what vested interests in the media, business and government want you to think, people like Peter Schiff, Jim Rogers and Fred Harrison predicted what is happening right now years ago. Now [...]