pull down to refresh
253 sats \ 4 replies \ @orthwyrm 13 Feb \ on: How fiat will kill itself econ
Yes, nice write-up.
Another example would be the idea of 1% deposit mortgages, which has been making the rounds recently as a way of helping first-time buyers enter the market. By lowering the deposit cost, one can allocate more capital into BTC and be further leveraged against the debasing currency the loan is taken out against.
I think those are almost a certainty in the next UK budget for political reasons more than anything else. The one sticking point (which is also holding up the Bill related to rental agreements in Parliament) is that so many senior politicians are landlords and don’t want no-fault evictions banned.
Hmmm. Michael Gove’s Damascian conversion, perhaps having realised that people without property have nothing to lose (and following how Thatcher hammered the fight out of the working class in the 80s) he needs to get generation rent into houses…. but sadly there are no houses so his property developer lobbyists can get building.
I would expect a significant bump in house prices…. and then other assets to follow. And we are back to square 1 with the rich asset holders just a little richer and the renting classes now locked into ownership. I’m certainly no leftie but can smell desperation….
Of course that’s nothing to do with the OP lol
reply
reply
There is so much money sloshing around that the elite are struggling to spend it - take a quick look at the ski slopes of Europe this week.
QE played its part and created the need for an inflation hedge but also the scarcity of supply due to foreign investment and lack of building is significant.