H/t reader kevin a.
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And it will get worse, much worse (after the planned financial collapse)…
— Voice of Europe (@V_of_Europe) April 6, 2018
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Coming soon… (after the planned financial/economic collapse)….
If London Mayor, Sadiq Khan applied as much passion and aggression to the Murder Epidemic in London as he does to criticising Donald Trump and bleating about nasty comments on social media (From a luxury hotel in California) London may not have overtaken New York in homicide statistics.
The problem with Khan and the Met Police Commissioner Cressida Dick is that like many in the UK Establishment they are so busy virtue signaling and worrying about diversity targets they miss the mugging, murder and mayhem going on right in front of their liberal blinkered eyes.
It’s an absolute outrage that there have been 49 murders in London since Christmas and to be frank I can only see the grisly toll increasing as most of the solutions being put forward at the moment are the equivalent of putting a sticking plaster on a severed jugular.
FARAGE: “I wonder whether the London Mayor Sadiq Khan should spend a bit less time slagging off Donald Trump and a bit more time getting to grips with crime in London.
“Clearly we have a really bad problem.” https://t.co/zAvIliixgh
— Westmonster (@WestmonsterUK) April 4, 2018
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BIG BEN, London’ iconic symbol of Britishness, has fallen into the hands of the French – with the legendary bell being fixed on the other side of the Channel.
The bell was revolved and a lighter hammer mechanism fitted and the Big Ben continued to ring out almost without pause until late last year.
Now it has been revealed the majestic bell is to finally be fixed – by FRENCH Bell makers.
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London has overtaken New York City for number of murders for the first time in over 200 years under the mayoralty of Labour’s Sadiq Khan.
Britain’s multicultural capital edged ahead of the American city — once so notorious for its high crime rates that it was chosen as the setting for Charles Bronson’s Death Wish –– in February, The Times reports.
London saw 15 killings to New York’s 14 over the course of the month, and appears to have outstripped ‘Gotham’ yet again in March, with 22 killings to 21.
The head of a leading knife crime charity has predicted that violence in Sadiq Khan’s London will get worse before it gets better, as a crime wave in the capital claimed its eighth life in seven days.
Since March 14th, five people have been stabbed to death in the British capital, one shot dead, and one shot and stabbed, the Evening Standard reports.
“I think what we have just seen in the last 24 or 48 hours confirms that we are in a crisis in relation to the amount of crime – and, sadly, there is no quick fix for this,” observed Patrick Green, CEO of the Ben Kinsella Trust, which is named after a 16-year-old teen who was stabbed to death by three black youths after they decided one of his friends had given them a funny look.
– London house prices falling at fastest pace since 2009
– Values fell by 2.6% in year through January
– London house prices likely to be weakest in UK over next five years
– Inflated prices make London property more exposed to economic and political shocks
– Worries over house prices are having a knock-on effect in wider economy
– Physical gold to act as much needed hedge against falling property prices
A new study by Acadata as covered by Bloomberg has found house prices in London are falling at their fastest pace since 2009. In the year through to January, London house prices have fallen by 2.6%. In the Greater London area they are down 0.8% in the last month alone.
Excluding London and the South West, annual house prices for the UK grew 2.5%. For estate agents this is a sign that the market is moving to meet the demands of buyers. For outsiders it may well look like the calm before the storm.
London is the capital of the UK and has experienced significantly higher inflation than other areas when it comes to property prices. This means it is bound to be more vulnerable to both political and economic factors. But, these same factors will still apply to areas outside of London, the ripples just haven’t spread that far.
Demand in London has been dampened initially thanks to increased stamp duty, a tax change for landlords and loan limits in Singapore. But it is increased interest rates and the Brexit-effect that are having the greatest impact and will continue to do so over the long-run. This is particularly the case for Brexit, for as long as the outcome remains uncertain.
The UK’s obsession with house prices puts home owners in jeopardy when it comes to changes in both monetary and political. They are extremely exposed to the housing market which was worth a record £6.8trillion (3.7 times more than the country’s GDP) at the start of 2017. In 2001, the housing stock was worth just 1.6 times more than GDP.
Whilst the house price crunch is reportedly only happening in London and the outskirts, in the UK the repercussions are being felt everywhere. A report by Visa has found that last month consumer spending, fell for the ninth month in the last 10. This suggests that Brits are worried about a collapse in house prices.
We’re very proud of our house values here in the UK. There comes a huge ‘wealth effect’ from owning property; as property values rise so does spending and ultimately GDP. The impact of a declining wealth effect could be disastrous for the economy.
This seems strange given an increase in house prices is really quite meaningless when one thinks about it. You might be overjoyed that your family house has gone up 300% but what can you do about it? Increase the mortgage? Ok, so now you’re in more debt. Sell the house? Ok, but where will you live that hasn’t experienced a similar climb?
This is the myth that so many Brits fall for. The London data and spending figures suggests that soon many will be waking up to the scam they’ve all fallen for, realising the ‘wealth effect’ means very little when a major economic downturn is on its way.
Britons have been sold a big bottle of snake oil when it comes to property markets. Unlike our European contemporaries we are brought up from a very early age that owning our own home is a badge of honour, the seal of adulthood if you will.
This hasn’t always been the case. At the turn of the 20th Century just 23% of Brits owned their own home, fast forward over one hundred years and only 35% of us rent. This is in significant contrast to the likes of France where rental conditions mean many do not feel the need to do a deal with the devil that is a life time of debt. It is not surprising then to learn that Britons are amongst the most indebted in Europe, so sure are we that agreeing to many hundreds of thousands of pounds in debt is the right thing to do.
We are, according to Wolf Richter, the eighth most indebted country in the world when it comes to household debt. As Richter points out, all of those in the top ten are ‘The countries with highly indebted households, so the top of the list, are mostly countries were central-bank policy rates are very low or even negative, and where mortgage rates are super low.’
A 2017 report by the National Institute of Economic and Social Research found that our obsession with owning our own property is costing us our future wealth security. It concluded that mortgage holders should expect their private pension income to be around 15% per year lower than it should be.
Given the increase in housing stock value relative to GDP it is clear the reliance the British economy and public have on the property market. The wealth effect generated from higher house prices is something that is pumped up by politicians, incredibly irresponsibly.
The fall in London house prices is likely a warning shot before prices begin to fall elsewhere. Policy makers and the government should pay close attention. This will prove to be a lesson in how pumped up asset prices and low interest rates are no way to support a growing economy.
Reading this is should do more than just provide you with good fodder for the next dinner party conversation. It should be making you realise how exposed the British economy is to falling house prices.
A fall in prices does not just mean that property is finally affordable. It means thousands of people will face negative equity, industries such as home builders will collapse and consumer spending will fall. All this against a backdrop of increased interest rates, rising inflation and uncertainty over Brexit.
Usually one might consider selling a depreciating asset but that’s impossible when it’s your home. And don’t think you’re in the clear if you rent or have other arrangements. Exposure to a potential property crisis does not just come about if you own or rent a property.
All investors, savers and consumers are exposed, as we all have dependencies on the UK banking, financial and economic systems. All of which will be vulnerable as prices fall.
Luckily, gold will likely act as a hedge against falling asset prices. It’s lack of correlation to other assets and counter cyclical nature, should see it again act as a good hedge in a downturn or indeed a much-dreaded property crash.
This won’t happen tomorrow, so you have time to diversify and decide on a reasonable allocation to gold bullion. When choosing to invest in bullion choose to own physical gold coins and bars held in allocated and segregated storage in safer, less economically uncertain jurisdictions. The tax treatment of different types of gold investment should also be considered as certain formats can be capital gains tax (CGT) free, making them much more attractive to companies, investors and pension owners.
H/t reader squodgy:
“Reality check or a sign of something we predicted?”
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Rampant knife crime threatens the “very existence” of the Notting Hill Carnival in Sadiq Khan’s London, said a judge sentencing two men for attacks at Europe’s biggest multicultural party.
Judge Angela Morris issued the warning as she jailed Jordan Clarke, 20, and Eddy Mombele, 24, for attacks on three schoolboys at the parade using a 12-inch ‘zombie’ knife.
The frequency of acid attacks in London has turned parts of the British capital into “no go zones”, a former Labour minister has said.
The United Kingdom has “the highest rate of attacks per capita” in the world, claimed Stephen Timms, Labour MP for East Ham, in comments to fellow MPs reported by the Daily Mail.
Figures show the number of acid attacks in Britain shot up between 2012 and 2016 by more than 500 per cent. There were just 73 recorded attacks in 2012 but a massive 469 in 2016.
625 arrests were made for alleged section 127 offences in 2010
The number of people being arrested for “online crimes of speech” have increased dramatically in London.
While arrests for aggressive, threatening or hateful speech on social media declined between 2010 and 2013, the numbers rose last year.
According to the Register, a total of 2,500 Londoners have been arrested over the past five years for allegedly sending “offensive” messages via social media. In 2015, 857 people were detained, up 37 per cent increase since 2010.
A man who posted what authorities deemed “hateful” things about Muslims on Facebook is facing eight counts more than a year in prison in Sussex, a coastal county in southeast England, United Kingdom.
“The charges brought in this case are extremely serious and were only brought against four people in England and Wales during 2016,” said Sussex Police Hate Crime Sergeant Peter Allan (because apparently “Hate Crime Sergeant” is a real, taxpayer-funded, paid position in 2017 Great Britain). “Nigel Pelham used Facebook to express some truly offensive views, with no understanding of how serious his actions were.”
The Orwellian officer continued, threatening anyone and everyone who dared to express a racist, offensive, or even cheeky opinion on their own personal social media accounts:
Nine people a day are being arrested for posting allegedly offensive messages online as police step up their campaign to combat social media hate speech.
More than 3,300 people were detained and questioned last year over so-called trolling on social media and other online forums, a rise of nearly 50 per cent in two years, according to figures obtained by The Times.
About half of the investigations were dropped before prosecutions were brought, however, leading to criticism from civil liberties campaigners that the authorities are over-policing the internet and threatening free speech.
H/t reader kevin a.
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A gang of at least four men chased Mr Hurley, a model for Dolce & Gabbana, and his friend in their car until they pulled over.
When the pair got out of their vehicle, they were set upon by the men, who repeatedly stabbed them.
In the past two months there have been 16 fatal knife attacks in London, many of them believed to be connected to gangs.
Speaking at South By Southwest, Khan advocated increased internet censorship
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Four men dressed in black attacked the Iranian embassy in London minutes ago, menacing the staffers with weapons and taking down the Iranian flag. According to Iran’s Press TV, a Britain-based Shiite religious group was behind the stunt.
Twitter footage showed the men on the balcony of the embassy building. One is waving a blue and white flag with inscriptions in Arabic, just after the men apparently took down the Iranian flag.
Video purportedly showing a group of assailants attack Iran Embassy in London pic.twitter.com/tRzsx9KzWC
— Press TV (@PressTV) March 9, 2018
According to early media reports, the raiders are four men who had opened their way into the embassy premises, while threatening people on the scene with machetes and baseball bats. The London Police have reportedly deployed around the embassy but took no action in the first couple of hours after the attack.
A “revolutionary” erotic experience is being offered in London and, according to punters, it’s getting harder to snag a spot with a sex doll. Even on International Women’s Day, people are lining up at an all-doll brothel.
Three usable holes and a hairless vagina, as well as huge breasts and the inability to protest rough sex. That’s how a new sex-doll brothel is advertising its “women” in Greenwich. The parlor is offering men and women the chance to rent and have sex with their range of dolls.
But it may not last long, as a local council hurriedly investigates whether or not such venues need a license. Brothels are illegal in the UK, though in this case the workers are dolls and so the nation has hit a gray area in the law.
Lovedoll UK in Gateshead was offering “try before you buy” sex with dolls for £50 (US$69.40), before selling them for £2,000. The owner, Graham, was then investigated over whether or not he needs a license.
Rapes are soaring in Britain’s multicultural capital under Labour Mayor Sadiq Khan — but police claim they have no idea what could be behind the increase.
7,613 rapes were recorded in Sadiq Khan’s London in the 12 months to the end of January 2018, compared with 6,392 over the previous year — a rise of almost 20 per cent, the Evening Standard reports.
Some have attempted to attribute the rise to victims being more confident in coming forward, but Khan’s Deputy Mayor for Policing and Crime, Sophie Linden, has admitted that the figures could point to a legitimate “increase in actual sexual violence and rape offending”.
A leader of the British jihadis dubbed the ‘Beatles’ is suspected of radicalising at least 12 men in just over two square miles of the capital.
At least 14 fighters are thought to have been recruited to the terrorist group while living in streets either side of the A40 Westway flyover.
H/t reader kevin a.
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H/t reader squodgy:
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