debt is 45% of total morgage, remorgage as his fixed period has now ended and he can either continue paying variable or remorgage to a new fixed rate that is still 2% lower than previous fixed rate.

if it looks like the BoE will at some point hike up interest rates then fixed seems to be a good plan, as there will be no surprises for the next 2 or 3 years

least thats my thinking.

“But Tobin says in the interview, “I don’t have the slightest thing in common with these anti-globalization revolutionaries … I’m an economist and, like most economists, a backer of free trade. I also support the IMF, the WTO-all the things this movement is attacking.
Indeed, Tobin says, “I believe the IMF should be strengthened and enlarged. Of course, it has made many mistakes … but, as is the case with the World Bank, it has too few means at its disposal to help above all poor and underdeveloped economies. The World Bank and the IMF are not part of some conspiracy called globalization.”"

That should read:

In our highly artificial competitive market, banks are always looking for a new and innovative ways to fk you out of your money. With the primary decision to entrust your money to a bank you passed the moron exam, marking yourself as an easy target on the financial shooting gallery. With all the money of other people and lots of time on their hands bankers will ensure you feel responsible for any losses incurred by following the advise of salesmen.

The question asked was: What makes people accept loss. The answer : A sense of shame for ones own incompetence (bungling, inaptitude), attributing the loss to forces of nature (dog ate my CDS), experiencing the loss as a narrow escape (the cost of living at all), not realizing there was a loss (handing over gold for paper currency), Experiencing the loss as a victory (You bought the last Hammerpants for $1 mln, you are now an exclusive vip gold member of the Hammerclub!)

In today’s highly competitive marketplace, financial institutions are increasingly offering new, innovative products and services to meet their clients’ changing needs. With the introduction of these innovations comes an increased responsibility for ensuring that consumers have a clear understanding of how these products and services work, and what they cost.

A survey conducted in 2003 by Statistics Canada found that 42.6 percent of consumers did not meet the minimum level of literacy required to read and understand documents. It is therefore imperative that disclosure documents be written in plain language, which is clear and concise, and which draws the reader’s attention to key information.

http://www.zerohedge.com/article/feds-nemesis-exters-2-quadrillion-liquidity

I am beginning to question the purpose of living if I have to see the days of rebalancing that pyramid!

Goldman doing Gods work..

http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece

The ecclesiastical church has been taken over by these thugs because they know they cannot get away with their crimes without dominating the ideas and beliefs of the people in order to turn them into debt slaves.

Matthew 6:24
No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.

http://www.marketwatch.com/story/chinas-premier-calls-on-us-to-control-deficit-2009-11-08?tool=1&dist=bigcharts&symb=DXY&sid=3044712

I couldn’t find the original article but this story is referring to it. It is in Dutch though, maybe Google can translate it for you.

http://www.nu.nl/economie/2118682/banken-doen-werk-van-god.html

“Here there be big numbers (Sic)”

http://www.zerohedge.com/article/here-there-be-big-nymbers-sic

Try deflating that derivative bubble!

GREAT MOTHER!

http://www.truthout.org/110709C

Helen Brown gives Max an honorable mention in this article. She quotes him on Wall Street Bankers being “welfare queens”. Go Max!