Stacy Summary: The London property market is a money laundering scheme for oligarchs, despots and fraudsters from around the world.
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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- A Lightning War for Liberty
There are 2000 year Greek tombstones that have been uncovered in the 1sq mile area of Londinium — and posh tombstones too. No Greek at that time would have come to Britannia unless they had some cash and were an upmarket trader.
Greeks taking their money and fleeing to the UK is not new, just remember this.
Why Greeks don’t go for Cardiff or Bournemouth is beyond me…
http://www.cnbc.com/id/36465646
Cramer sez it “Over”
Mike
UK must be seen as a parasite.
I offer golden hotel lodgings..Minimum fee 1500 Euro per night, but everyone staying find that inside the little mint on the pillow is a 50 gram gold bar..
Coins and notes will be used in less than half of transactions within five years, according to research out today…even the use of today’s popular debit and credit cards will dwindle in their current form [to be replaced by contactless cards].
Contactless cards, which allow people to pay for small items by tapping a device or plastic against a reader without inputting a PIN number, are the future.
There are eight million cards in the UK that allow contactless payment, but…this will grow to 30 million by 2012.
And mobile phones are likely to be used eventually for payments, with an iPhone application already making this possible.”
http://www.moneysavingexpert.com/news/cards/2010/04/cash-payments-set-to-slump-further
Ricky is the man..
http://news.bbc.co.uk/newsbeat/hi/entertainment/newsid_10080000/newsid_10080600/10080670.stm
Stacy, now you are talking. @Mark Authier is right …”UK must be seen as a parasite”.
Makes ya wonder why these “wealthy” Greeks are investing their money in London property,. when all the smart money were advised to make out like trees ! : )
max’s buddy lou. http://www.youtube.com/watch?v=LdyrryloRjI
@Dedo
Wealthy by which means ? By stealing the greek government ? The place is a cesspit of total corruption. Kicking out Greece of Europe would be more logical. Don’t ask for logic in Europe.
All its gonna take is one East Europian country to take to ta streets like what happened in Romania in ‘ 89 ; hopefully it should spread trueout Europe
lololololololo
ROFL
Off wit tear heads
@Marc,..I don’t know if you’re aware, but,.ah hum (just clearing my throat)
The whole fkin’ system is corrupt, it’s just that some folk are more sophisticated than others,..: )
Some arguments on why Greeks are not Western Europeans :
1. They are neither Catholic nor Protestant, but Orthodox — and not even Russian Orthodox as Moscow was the 3rd Rome after the fall of the Byzantine Empire in the Mid-1400s.
2. They don’t use a Cyrillic or Roman alphabet, a word processing headache in the truest IT torture …
3. For at least 400 years they were under Ottoman rule.
4. The Renaissance and Reformation never reached Greece.
5. Greece never belonged in the Eurozone as their economy was never compatible with core Eurozone economies.
6. Like Spain and Portugal that don’t belong in the Eurozone, Greece also fell under military dictatorship in the mid to late 20th century.
7. Modern democracy is a total novelty as Greece has a much longer tradition of Autocratic rulers since AD 600.
Addendum:
Due to Greece’s location, and Cold War pressures — Greece never evolved a finance system that was compatible with Western Europe.
If Greece were to have evolved a finance system at least similar to Canada, Australia or NZ there might have been some hope for compatibility with Western Europe but this never happened.
Greece’s autocratic and dictatorial history has never helped — as it just fed the bonfire of finance system corruption.
Man its raining here and we having a lightening Storm wit Big ass Lightening and tunder I hope me appartment complex has a good Lightenin arrestor
Me appartment is on top of a Hill Sh!ting Bricks right now
Bangalore never had Lightening Storms like tis before
LOL From the frying pan into the fire? let them fizz
I thought I read somewhere that the Income yield ratio is 3% in the UK but in Germany its 14%…. o well what ever !!! am I bothered ha ha !!
Mind you its probably all propaganda anywaysssss
Farm-villa aa aaa fantasia eco-nomica a a a conitu ue ue ue es lol
Its like a broken record its all insane…
Iv had enough
Your dame well right Max its not Physics this economics its more like total bollocks..
Screeemmmm
MAX
I liked your Tree trunk to twig analogy the other day I thought it was a very clever and careful description of a prediction methodology well done to you sir for that. Its worthy of repetition on occasion !!
@ Mike Liverpool.. I think you may have found your answer here.
My bet is…
I think you found a indicator and a bracketed time period for the reverse to happen. Apparently that fellah never tells the truth? if you read and go by some of the comments, so why is he saying anything at all ? Why that time period?
Just a hunch …opinion..
In sum there is a huge cultural chasm between Greece and the rest of Europe. They indeed have more in common with the Middle East, Turkey than Europe. It’s the sad truth.
@Stacy. another silver story at zerohedge.
Soros Sees Ongoing Risk of
Greek Debt `Death Spiral’
Bloomberg vid 4.14.10
http://www.bloomberg.com/avp/avp.asxx?clip=mms://media2.bloomberg.com/cache/v2ye1RcjdKTA.asf&vCat=/av&RND=703628703&A=
Another day, for the great ponzy scheme to continue.
30pc devaluation for the yen!
“A draft by 130 lawmakers from premier Yukio Hatoyama’s Democratic Party of Japan said the country needs a radical shift towards growth policies, calling for an inflation target above 2pc. The exchange rate should be steered to ¥120 against the dollar, from the current ¥90. ”
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7587346/Japan-mulls-monetisation-of-public-debt-and-yen-devaluation.html
Well this could be possible
http://www.youtube.com/watch?v=0mYssEXILjc
Welcome to the UK, thx for keeping our housing ponzi scheme pumped, youll love our kebabs
http://www.youtube.com/watch?v=o5OfDJ4jS_8
just dont ask whats in them
Gunshots heard at Polish Plane Crash Site-Shocking Footage http://www.youtube.com/watch?v=HX6ztLe4QLY
Also dont think youll be unwelcome, we in the UK have a history of giving shelter to rich Greek refugees. Heres one for a start
http://www.youtube.com/watch?v=jXKMIDbUbQ8
@Youri,…..Do you think the Polish incident was a message for other leaders who don’t comply ?
http://www.youtube.com/watch?v=4DTJlUoT5o0
jberninger’s latest
Option ARM – Deleveraging vs Inflation?
Bob sticks it to the Greeks
http://www.youtube.com/watch?v=FYXiZk8Hic0
The Wealthy Greeks have been in th uk for many many decades and arrived here during the lead up to the second world war. Most of them have never paid any significant taxes and belong in the opaic club as to exactly who they are and how they came by such wealth!!! They are certainly not hard working people and have never filed a tax return in greece or anywhere else!
Don’t believe a word of this London estate agent scam.
Greeks are not this stupid…
Max and Stacey,
When advising the Greeks to declare that they will not pay their fraudulently induced loans, you might want to use the cultural reference that it is time for the Greeks to have a new “ochi” day and say “ochi” (no) to financial terrorists. Ochi day is a nationally celebrated holiday commerorating the day that the Greeks said “no” to Mussolini’s ultimatum and is even celebrated in their Greek Orthodox churches. They are very proud of the way they stood up to Mussolini, and it should resonate powerfully with them. I am not Greek but used to attend the Greek Orthodox church in America and otherwise would not have know anything about it.
http://en.wikipedia.org/wiki/Ohi_Day
I appreciate your activisim and not just your reporting. Too many on the sidelines describing the action, not enough leaders and life-coaches! Hats off to you.
Why would you want to move from Greece to London? I’d go to Italy or Spain.
@Febo
The rich guys who move to London are the ones affiliated to the “British factor” (influence) in Greece. The traditional “factors” are the German, the French, the US and the British of course. The ultra right royalists are affiliated with Britain. There is Prince Philip who’s Greek and also Queen Elisabeth was (is?) paying the former royal family money something like a stipend. Furthermore, the Brits occupied (carefully chosen word) Greece right after the Germans. They even used the same people the Nazis did. In Greece there was never a clean sweep of the pro-Nazi elements. Brits felt no obligation to hunt them down, since they shared the same pro-business (corporatist) ideology.
In fact, Greek economy was formated by the British factor right after WWII, and the US factor (same difference), when Brits left.
May I also remind that most of the Greek shipowners reside in London.
There was never a Byzantine empire as such. It was called Roman empire, and it became Roman kingdom near the end.
Renaissance was triggered by many influences, many of them Greek in origin. Arab scholars taught the Spanish and the French Aristotle for one. Around 1000 AD a sister of emperor Vasilios II, married a German king bringing with her architects, engineers and scholars. She complained that the capital was mainly huts and you could sink knee deep in mud and dung in the streets.
As the Roman kingdom was disintegrating, Greek scholars left and went to the rising Italian city-states, creating the neo-platonic fad that lasted all through Renaissance. In fact it was its ideological base, with its elitism which fed the egos of those infamous Italian families.
Well, I am a Greek and I don’t think there should be a bail out. Even though relations between countries have to contain reciprocity at some level. For example, the French have sold a lot of arms for the past few months to Gerece, so there’s a zipper on their mouths. Siemens has been kicked out of Greece for the most part after the bribery scandals, something totally unfair, since the Greeks are corrupt, and not the Germans, or so say the media. There was also a problem with some subs Germany had sold to Greece which are tilting (!) and that Greece is not accepting. Then there is a problem with the tanks they have also sold, they seem to ignite on their own, or they have a weak turret, or both. Now the last couple of months, Greeks accepted the subs, in a package that contained the sale of a major Greek shipyard to Abu Dhabi Mar, formerly owned by ThyssenKrupp, which was also bought by the Arabs. Yesterday there was an announcement that Greek schools will get interactive white boards, a huge jar of honey for a lucky German company (Siemens maybe?). As for Brits, they just want the Euro to die-die-die.
The same corruption which empties the Greek coffers, fills the German companies’ ones. In fact, there is no Greece, Germany or Thailand. There are only businesspeople and politicians looking after their own interests on our backs within this rigged market we’re all a part of.
WE NEED TA MAKE IM’ AN OFFER HE CAN’T REFUSE !
@Mike/Liverpool
We need to make Cramer an offer he can’t REFUSE !
Similar things are being said about the Australian property market, specifically that the current wave of foreign investment in Australian property is mostly corrupt Chinese businessmen laundering ill-gotten millions.
There is a Western European consensus that when the Roman Empire finally collapsed in 535 BCE that the
http://en.wikipedia.org/wiki/Byzantine_Empire
started, albeit there is an Eastern European consensus that this empire started around 330 BCE.
In any case, the Renaissance and Reformation were movements that did not effect or reach Central or Eastern Europe — except maybe in fragmentary form. The rise of the Ottoman Empire has a lot to do with this, post 1100 BCE. It must be noted that for many years many Europeans considered that Asia began just beyond Vienna. This consideration did apply the Eastern Med, not just Central and Eastern Europe.
Adding to this enigma, Peter The Great of “Tzar and Zimmerman” fame turned Russia Westward.
Yet, his predecessors were considered to be the ‘Autocratic rulers and full successors’ of the 3rd Rome — Moscow. Moscow itself being the successor city state to 2 previous city states that were also considered to be the cultural and theological centres of the Byzantine Empires core ideas and way of life.
Russia had none of the real movements and changes that Western Europe endured. Surfs were only freed in the 1860s, but this set up a series of economic events that only WWI and the total collapse of the Czarist autocracy — that led to the most recent and enduring Western European influence : Karl Marx.
http://en.wikipedia.org/wiki/Third_Rome
The idea crystallized with a panegyric letter composed by the Russian monk Philoteus (Filofey) in 1510 to their son Grand Duke Vasili III, which proclaimed, “Two Romes have fallen. The third stands. And there will be no fourth. No one shall replace your Christian Tsardom!” Contrary to the common misconception, Filofey explicitly identifies Third Rome with Russia (the country) rather than with Moscow (the city).
–> Note that to Western European ears, this is a very alien idea … namely the Tzar being an Autocratic political and theological successor to the Roman Emperors. However, to many modern Nordic protestants — the adoption of Latin by the Church is just as heathen an idea.
The principal idea here being the Protestant and Orthodox traditions have a lot more in common with each other. Protestants, unless they are fundamentalist — shun Autocracy. Herein is a sign post on how the finance crisis will unwind in Europe.