Credit deflation and the reflation cycle to come (part 2)

[Barnsey]

They better act fast...

[Noallegiance]

10 days is a long time.

They have recent form of not even being able to wait 3 days.

[MrXxxx]

4 hours ago, CVG said:

I've no idea what they're wider coverage is like, but I keep all my major UK FTSE ISA business in iWeb. £20 account set up and then a flat £5 on every trade (plus stamp duty). No ongoing charges.

I cannot comment on their FX charges or their spreads.

Iweb no longer £20, when I looked the other week it was £100...must be trying to make the most of the furlough traders.

[ThoughtCriminal]

 

[Errol]

[Lightscribe]

On 05/03/2021 at 13:03, dnb24 said:

I’m not sure why you would be shocked- this has been nailed on for past 5 years. Individual Private landlords are done for,  but there will still be a requirement for rentals. Governments in the West will need to house their people especially as we get into the reflation and there is a realisation that there won’t be the same amount of jobs available as prior to 2020. Who better than to give the role to the banks- central bank money given straight to the banks to keep the plebs with a roof over their head- plus will be able to maintain a standard price- able to control inflation in this area to an extent. 
If/when digital currencies come in- even easier to work out who is living where, paying what/tokens for housing etc etc. 
You will own nothing and be happy- this has been hidden in plain sight for over a year now- it’s something that needs to be considered for all our financial planning. 
If you see the amount of building in East London- around excel centre- you would be shocked- it’s like Stratford circa 2010, a city of flats. These will be for the UBI class of the 2020s.

And you also have to think how many self-employed would no longer bother once everything goes digital. No hiding places for cash in hand anymore. Everything audited, tracked and taxed (eventually in real time through the government blockchain). The tax gains will be huge. 

Of a certain group we know who has holiday homes down the coast in a caravan park, 90% (excluding those retired living there) are fiddling benefits with ADHD kids, renting them out (or sub-renting their council houses out) and other halves self employed paying f*** all tax, doing work cash in hand. That’s just one example, plenty across the country. All that would disappear, this country would be in turmoil.

[Bobthebuilder]

1 hour ago, Lightscribe said:

And you also have to think how many self-employed would no longer bother once everything goes digital. No hiding places for cash in hand anymore. Everything audited, tracked and taxed (eventually in real time through the government blockchain). The tax gains will be huge. 

The army of self-employed tradesmen that look after most of the current private rental market will be out of work. The bank would just set up, or contract out the maintenance work to larger PAYE firms, even more tax take.

[ThoughtCriminal]

1 minute ago, Bobthebuilder said:

The army of self-employed tradesmen that look after most of the current private rental market will be out of work. The bank would just set up, or contract out the maintenance work to larger PAYE firms, even more tax take.

Well the likes of me making azzy disappear would be putting our prices through the roof, and it will apply to other trades too. 

 

I think people don't realise just how much cash in hand work makes the world go round. 

[Loki]

Just now, ThoughtCriminal said:

Well the likes of me making azzy disappear would be putting our prices through the roof, and it will apply to other trades too. 

 

I think people don't realise just how much cash in hand work makes the world go round. 

Inflationary!

[Castlevania]

9 minutes ago, ThoughtCriminal said:

Well the likes of me making azzy disappear would be putting our prices through the roof, and it will apply to other trades too. 

 

I think people don't realise just how much cash in hand work makes the world go round. 

It would help if you then spent than money as opposed to hiding it down the sofa

[ThoughtCriminal]

7 minutes ago, Castlevania said:

It would help if you then spent than money as opposed to hiding it down the sofa

🤣

 

Fair point, but it's my "get the fuck out of blighty" money and I've been too shitty arsed to risk it. 

 

Although its being risked anyway if we get the inflation DB is expecting.

 

I really do need to take the plunge with it though, you're right. 

[Castlevania]

1 minute ago, ThoughtCriminal said:

🤣

 

Fair point, but it's my "get the fuck out of blighty" money and I've been too shitty arsed to risk it. 

 

Although its being risked anyway if we get the inflation DB is expecting.

 

I really do need to take the plunge with it though, you're right. 

There’s this thing called a “casino”. It’s very good for laundering such money.

[ThoughtCriminal]

1 minute ago, Castlevania said:

There’s this thing called a “casino”. It’s very good for laundering such money.

😆

 

Or there's the biggest casino of them all, the stock market. 

 

It just seems a bit of a funny time for entering at the minute. It's as though we're at a pause and waiting for something to happen to show the next direction of travel. 

[Lightscribe]

32 minutes ago, Bobthebuilder said:

The army of self-employed tradesmen that look after most of the current private rental market will be out of work. The bank would just set up, or contract out the maintenance work to larger PAYE firms, even more tax take.

Yup and how many of those wouldn’t be able to pay for overpriced mortgages and cars, having been reliant for so long on paying minimal tax? Most will require government help/subsidies.

More fuel to the fire of ‘you will own nothing’

[Castlevania]

13 minutes ago, ThoughtCriminal said:

😆

 

Or there's the biggest casino of them all, the stock market. 

 

It just seems a bit of a funny time for entering at the minute. It's as though we're at a pause and waiting for something to happen to show the next direction of travel. 

I doubt any broker would accept paper money without triggering an anti money laundering check. Clean through the casino. Then chuck it in the biggest casino of them all. Or just pay your taxes

[ThoughtCriminal]

12 minutes ago, Castlevania said:

 Or just pay your taxes

😳

 

Don't use that kind of obscene language in my presence, sir! 😆

 

I have the means of cleaning it up for a broker, I just have a bad case of paralysis by analysis. 

[King Penda]

1 hour ago, Bobthebuilder said:

The army of self-employed tradesmen that look after most of the current private rental market will be out of work. The bank would just set up, or contract out the maintenance work to larger PAYE firms, even more tax take.

My mates on benifits works cash in hand for landlords busy most days

[leonardratso]

7 minutes ago, ThoughtCriminal said:

😳

 

Don't use that kind of obscene language in my presence, sir! 😆

 

I have the means of cleaning it up for a broker, I just have a bad case of paralysis by analysis. 

ill clean it for you, i still have some of that cleaning fluid from the nigerian guy to clean the inked bills in the big chest many years ago.

[ThoughtCriminal]

3 minutes ago, leonardratso said:

ill clean it for you, i still have some of that cleaning fluid from the nigerian guy to clean the inked bills in the big chest many years ago.

And for a mere 10% commission no less! 

 

You, sir, are a scholar and a gent! 😂

[leonardratso]

hunter calls it tops, expect a huge shunt upwards now then;

 

[Loki]

1 minute ago, leonardratso said:

hunter calls it tops, expect a huge shunt upwards now then;

 

Has to happen with in a day or two to count 

 

[leonardratso]

1 minute ago, Loki said:

Has to happen with in a day or two to count 

 

ok, give it until wed 10th march just to be on safe side, although futures tomorrow night might set the tone.

[Loki]

6 minutes ago, leonardratso said:

ok, give it until wed 10th march just to be on safe side, although futures tomorrow night might set the tone.

I misread the date on that tweet, yup you're right, oil gonna plummet.

[leonardratso]

1 minute ago, Loki said:

I misread the date on that tweet, yup you're right, oil gonna plummet.

nay im going with uncle dave being the anti barometer these days, expect WTI to shoot for the moon in this respect.

Might not like, but his calls have been a bit duff short term lately.

[Loki]

Just now, leonardratso said:

nay im going with uncle dave being the anti barometer these days, expect WTI to shoot for the moon in this respect.

Might not like, but his calls have been a bit duff short term lately.

Not doing well here am I, misread the tweet and forgot you were being contra-contrarian