A half years after we said this and this is how to buy has failed to make homes more affordable ok lets talk about this for a moment so the government injects a bunch of free money into the Housing Market and prices go up and as a result people find they are less affordable so the government puts in more free money to help people buy these on a form which as the effect of moving the price of the homes up again. So its not that people can afford houses thats not the problem the problem is that the central bank the bank of england and the banks in the u. K. Keep injecting lots of. Bailouts for Home Builders and the banks that support the mortgages and the homebuilders thats causing the prices to go up thats now it also has a corollary effect and that would be a moral hazard because people who buy into these homes and they keep the price keeps going higher because the bank printing money they then use it as an automatic teller machine and they dont work anymore and we know weve lived in l
Thats not the problem the problem is that the central bank the bank of england and the banks in the u. K. Keep injecting lots of bailouts for homebuilders and the banks that support the mortgages and the homebuilders thats causing the prices to go up thats now it also has a corollary effect and that would be a moral hazard because people who buy into these homes and they keep the price keeps going higher because the bank printing money they then use it as an automatic teller machine and they dont work anymore and we know weve lived in london for many years and there are many many people that live in london who dont actually have a job right they just wait for the government to keep boosting home prices and then they take it out of the equity extraction as cash this is incredibly detrimental to the fabric and the character of the nation because theyre not working. And this is what led to bricks in my view well thats my view as well that a cause breaks it across trumpet cause all of the
Beyond the. British. Cleared of receiving millions in funding from overseas including from russia. There was. A man she had accused of sexual harassment. But. This is the kaiser report its like yoga for your mind stacy. Thats right indeed you know what weve been covering for the last 10 years basically the response to the Global Financial crisis which was caused by of course a global crime wave from the bankers and what we did is weve lowered rates weve printed money printed money printed money printed money were printing money is going on the fed is going to be printing. Tens of billions every day for the net up and talk to protest so theyve announced that. The other sort of thing that they did is they intervened in the Property Market in order to prop it up through all sorts of schemes under obama. The likes of say blackstone a massive private equity firm was allowed to take over much of the Property Market here in the United States also in germany and ireland in the United Kingdom i
We dont see the clear offering offramp in terms of how either party is going to get to a point of having successful discussions to resolve it. Nejra and following dorian. The deadly hurricane continues to strike the bahamas, but the winds weaken. Its movements we are tracking its movements. Matt good morning from the german capital of berlin. All eyes are focused on westminster today. You are down there on the green with the cast of important actors in the brexit drama that is set to unfold over the next 58 days. Yeah, absolutely. What drama it is. This is a critical week that could see the u. K. Had for its third election in 4 u. K. Head for its third election in four years. Many members of Boris Johnsons own party are putting a bill forward to try to delay the, deadline to extend the brexit deadline to avoid a no deal brexit. If Boris Johnson does not manage to agree a deal with the eu, the Parliament Approves or does not manage to get no deal approved by parliament, then that extens
Warlike situation, relationship changed but the dependency of one group on the other continued. It was either about money or influence by them is pretty much prevalent in different ways through different presidencies weve had throughout our history but the history i cover specifically since Teddy Roosevelt administration until today. Host is there a reason you picked that starting point . Guest yes. First of all it was only so much time i had an life basically to do a couple of centuries versus one but really what happened was as we know there was a crisis, a crash, black tuesday 1929. Not want to start the book but when i realized when i researched that crash was a couple of the bankers that were most connected to the crash and most concerned about it including bankers from the morgan bank bank which we now s j. P. Morgan chase, if you trace them back, traced back to j. P. Morgan and j. P. Morgan was one of the league bankers in the country from 1890. There was this through line of in