I'm British. Whats to hate? Apart from the whole owning three quarters of the globe once upon a time, the slavery, backing countless unjust wars, having bad teeth, bad food, bad politicians, inflicting Harry fucking Potter on the world (gasp for breath) the BNP, shoe bombers on transatlantic flights, Marmite and Victoria Beckham.
Who wrote to the govt warning of the impending bubble and collapse, as well it's root cause? Fred Harrison. Renegade Economist.
He wasn't the only one. Numerous other economists (Hudson, Anderson, Engdahl) all also predicted this. Yet Peston says "no one knew this was coming". LIAR. Flanders says "this is unchartered territory". LIAR. Evans says "the banks couldn't borrow any more money in order to lend". LIAR (banks create the money they lend, they only borrow a FRACTION to meet
the fractional reserve requirements as set out by the BIS under the Basel guidelines. EVERYONE saw the wording of Basel II ("mark to market"). The BIS warned in 2000 that the U.S. and U.K. housing market was over-heating. The U.S. deferred applying Basel II until 2007. The outcome was entireley predictable i.e. banks would have to write-down the value of mortgaged property, and would have insufficient fractional reserves, requiring a massive govt bailout. ENTIRELY PREDICTABLE AND PREDICTED.
I cannot stand Robert Peston, son of Baron Peston. Or any of the other so-called 'experts' on the BBC (Evans, Flanders etc). This economic bubble and subsequent was totally predictable and was in fact predicted and published as far back as 1983, then 1997, then 2004. Letters were written to the Labour govt warning of the housing bubble in 1997. Response back from Treasury and Campbell was "what are you talking about, the economy is in great shape".
What an absolutely boring B***********
ya774868b 4 months ago
@Wabeberu "really boring" ...Pot. Kettle. Black.
voorface 1 year ago
I'd like to slap Peston! a Lot!
Wabeberu 1 year ago
Peston needs to learn to string a sentence together properly.
Wabeberu 1 year ago
This has been flagged as spam show
Peston needs to learn to string a sentence together properly.
Wabeberu 1 year ago
This has been flagged as spam show
Peston needs to learn to string a sentence together properly.
Wabeberu 1 year ago
Peston needs to learn to string a sentence together properly.
Wabeberu 1 year ago
Robert is a really boring speaker.
Wabeberu 1 year ago
Robert is a really boring talker.
Wabeberu 1 year ago
Peston is a rubbish speaker!!!!!!!!!!!!!!!!!
Wabeberu 1 year ago
Um ah pause pause um pause blah blah blah ad nauseum.
Wabeberu 1 year ago
Robert Peston needs to learn how to speak without massive pauses!!!!!!!!!!!!!
Wabeberu 1 year ago
He sounds devious. Would not trust him. I hate the british
shussey100 1 year ago
I'm British. Whats to hate? Apart from the whole owning three quarters of the globe once upon a time, the slavery, backing countless unjust wars, having bad teeth, bad food, bad politicians, inflicting Harry fucking Potter on the world (gasp for breath) the BNP, shoe bombers on transatlantic flights, Marmite and Victoria Beckham.
stopwhistling 1 year ago
Who wrote to the govt warning of the impending bubble and collapse, as well it's root cause? Fred Harrison. Renegade Economist.
He wasn't the only one. Numerous other economists (Hudson, Anderson, Engdahl) all also predicted this. Yet Peston says "no one knew this was coming". LIAR. Flanders says "this is unchartered territory". LIAR. Evans says "the banks couldn't borrow any more money in order to lend". LIAR (banks create the money they lend, they only borrow a FRACTION to meet
15peter2015peter20 2 years ago
the fractional reserve requirements as set out by the BIS under the Basel guidelines. EVERYONE saw the wording of Basel II ("mark to market"). The BIS warned in 2000 that the U.S. and U.K. housing market was over-heating. The U.S. deferred applying Basel II until 2007. The outcome was entireley predictable i.e. banks would have to write-down the value of mortgaged property, and would have insufficient fractional reserves, requiring a massive govt bailout. ENTIRELY PREDICTABLE AND PREDICTED.
15peter2015peter20 2 years ago
I cannot stand Robert Peston, son of Baron Peston. Or any of the other so-called 'experts' on the BBC (Evans, Flanders etc). This economic bubble and subsequent was totally predictable and was in fact predicted and published as far back as 1983, then 1997, then 2004. Letters were written to the Labour govt warning of the housing bubble in 1997. Response back from Treasury and Campbell was "what are you talking about, the economy is in great shape".
15peter2015peter20 2 years ago