Repossessions up by 30%

[rols]

http://news.bbc.co.uk/1/hi/business/6929361.stm

Would you or anybody you know be in danger if rates went up another 2%?

The burden of taking out a mortgage has reached record levels, according to the Council of Mortgage Lenders (CML).
In May, first-time buyers had to borrow 3.37 times their incomes to afford a mortgage, while other movers had to borrow 3.03 times their income.

Due to rising interest rates, interest payments for first-timers took up 19.1% of their incomes, the highest proportion since 1992.

IMO this is madness. If I were starting up I would be looking at re-locating abroad..
http://www.rightmove.co.uk/overseas/property

http://www.mercerhr.com/referencecontent.jhtml?idContent=1095320

Prague is 49th on the list of worlds most expensive cities while London is 2nd

 

[fibonelli]

"Money as Debt" animated video

http://video.google.com/videoplay?docid=-9050474362583451279

 

[fibonelli]

Whilst doing imaginative thinking with my niece and nephew using a wine cork with eyes, nose and mouth drawn in.

In the mythical island of *Corkland, my 9yr old niece said that silver coloured bits of metal called lans would wash onto the shoreline. my 12yr old nephew said that everyone would live on the shoreline and go to the shore if they were short of money to pay bills :idea:


*apparently Bill the wine cork drove a car made out of glass bottles!

 

[JTrader]

"Money as Debt" animated video

http://video.google.com/videoplay?docid=-9050474362583451279

Yes, i also blame the ruling elites/the illuminati!