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The Housing Crisis
25th July, 2005
How have West Country Homes moved up market so far, that they are
now out of reach?
It is a direct result of the credit industry, placing a tide race
of money, between the swimmers and their objectives.
The torrent of money created out of credit sweeps homes out of
reach.
The apparent scarcity of homes is as real as the torrent of money
which cuts us off from what we need.
How does the credit industry create a tidal race of money. Very
simple, but seemingly so complex as to be incomprehensible.
Here is the simplicity. It is now legal for any financial institution,
to have access to an infinite source of credit and to turn that
credit into money, by getting it borrowed.
The instant that credit is accepted as a loan, the Law states that
credit is now debt, which is money owed.
That statement is unbelievable and what cannot be believed, cannot
be understood. The tide race of money is an impassable barrier.
Having access to an infinite source of credit, we out bid each
other for a home and homes go up market so far, we cannot have them.
It seems obvious that homes have become terribly scarce, because
we measure the scarcity by the length of queues at the doors of
the council offices. People wanting somewhere to live.
Gordon Brown slides the price tag on homes, out of the sight of
the inflation statisticians, for the simple reason that it must
not be known, that newly laundered money will rapidly find its way
into Gordon Brown's coffers.
Gordon Brown can boast and brag at the economic boom over which
he presides.
We are looking at fraud, born of ignorance and pride, riding on
a wave.
It will be interesting to perceive the wipe out.
Doctor Edward C Hamlyn MBChB
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