The Daily E*****s Reports...

Original posting, September 2006


More here.


£30.4 million mortgage loans for July. Interesting this. The Daily Telegraph apparently describes this as:

 "raising further fears for Britain's economy

and indebted homeowners."

The Daily E*****s seems to imagine this all a good thing. Loans booming. House price rises soaring, but... ...households are heavily in debt according to economists. Ever increasing energy prices and interest rises expected later in the year, consumer prices are likely to be under pressure. It looks like people are just giving up. Don't care anymore. Although slightly less that in June (by 6%), it was 19% higher than a year ago at £25.5 billion.

If this is for one month then around £30.4*12 = £364.8 billion will be loaned in one year. That equates to an ENORMOUS interest account for one year's loans. Year in, year out. And increasing... We will reach meltdown and it's only a matter of when.

Blair will be gone. Somewhere. USA? Scotland? Hell? Are you all STILL asleep? Comatose? Or really couldn't care? Being screwed so hard and not notice. These people STILL get elected. Amazing.


Note:

£1 trillion = £1000,000,000,000

£1 million million

£1000 billion

All those zeros are so very impressive, but the interest is counted as 100s £billions. Every year. All virtual, of course. Nearly everyone has nothing, though believe they have something. And many believe they have an awful lot. A lot of nothing.