patrick.net

he's been saying the same thing for the last 6 years now.

just another broken clock.

......even a broken clock is right twice a day.

2005-2006? Housing prices will never fall.
Damn! I'm simple minded.

The video makes perfect sense to me.

Anytime the Oligarch's are ready to market a product to the peasants it most certainly is toxic poison, in this case, the British bond risk, surely calculated to fail at this point. Not too much different than a sub prime mortgage.

Didn't we get rid of that wretched monarchy a couple hundred years ago?

Now is the time to buy! Raid your IRA and get in on some spicy debt!

By coincidence, just came across this quote:

"The only way for interest rates to go is up. When that happens, bond values will begin to fall. If they fall sufficiently, bond holders will begin to sell before they get hurt, putting more pressure on the market, reducing prices further."

From this article:

http://www.thenewamerican.com/economy/commentary/item/12812-the-unintended-consequences-of-low-interest-rates

ah ha ha ha Those naughty British ! About to unload their losses to the serfs !