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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Wed Dec 03, 2014 10:19 pm 
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mightyz wrote:
Daniel Plainview wrote:
We have sold the country.

Nope. They've sold us.



Yep, you're correct.

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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Wed Dec 03, 2014 10:19 pm 
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mortgageboy wrote:
70% of Nama sales to date have been in the UK, as it happens. So what if some Irish property has been sold to foreign investors? You think economic nationalism is the way forward? That was tried from 1922 - 1960 and wasn't a spectacular success.



Yes. Of course. There's no middle ground. Extremes only.

_________________
Profits = Investment – Household Savings – Government Savings – Foreign Savings + Dividends

(i.e. company profits are directly fed, in part, by government deficits)

BANKS DON'T LEND RESERVES
As confirmed by the Bank of England


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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Thu Dec 04, 2014 7:41 am 
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Joined: Jul 31, 2011
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Daniel Plainview wrote:
mortgageboy wrote:
70% of Nama sales to date have been in the UK, as it happens. So what if some Irish property has been sold to foreign investors? You think economic nationalism is the way forward? That was tried from 1922 - 1960 and wasn't a spectacular success.



Yes. Of course. There's no middle ground. Extremes only.

This is really dangerous as we got almost everyone angry and radicals waiting at the gates..

I've listen to the new social guru on Newstalk recently.. He basically have no idea how, but he will get money from "rich".
It's so sad that people in western rich capitalism want to adopt system which NEVER worked anywhere.
Even Russian 1917 revolution was sponsored by the enemies of the state.
Our new guru forget the facts about his "people power fight for the free nation":
as per wiki - Casualties and losses At least 2,700,000
http://en.wikipedia.org/wiki/Russian_Civil_War

Then the red tide went West to enslave even more people.. Thankfully they were stopped at Warsaw.
I would like to hear his response to the truth about his "dream land"

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Why it was so windy there?... I am out.

For future reference, a 'soft landing' theorem:
06/2007: Central Bank predicts soft landing for housing
http://www.independent.ie/business/iris ... 96858.html
It's all grand


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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Thu Dec 04, 2014 10:06 am 
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Property Magnate

Joined: May 20, 2014
Posts: 702
Location: Location Location
mightyz wrote:
Daniel Plainview wrote:
mortgageboy wrote:
70% of Nama sales to date have been in the UK, as it happens. So what if some Irish property has been sold to foreign investors? You think economic nationalism is the way forward? That was tried from 1922 - 1960 and wasn't a spectacular success.



Yes. Of course. There's no middle ground. Extremes only.

This is really dangerous as we got almost everyone angry and radicals waiting at the gates..

I've listen to the new social guru on Newstalk recently.. He basically have no idea how, but he will get money from "rich".
It's so sad that people in western rich capitalism want to adopt system which NEVER worked anywhere.
Even Russian 1917 revolution was sponsored by the enemies of the state.
Our new guru forget the facts about his "people power fight for the free nation":
as per wiki - Casualties and losses At least 2,700,000
http://en.wikipedia.org/wiki/Russian_Civil_War

Then the red tide went West to enslave even more people.. Thankfully they were stopped at Warsaw.
I would like to hear his response to the truth about his "dream land"



We don't have capitalism here as capitalism implies a free market. What we have is the most rigged property market on the planet. I doubt even North Korean property is as controlled


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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Thu Dec 04, 2014 3:44 pm 
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Joined: Feb 19, 2009
Posts: 2506
Free market capitalism failed.
It almost collapsed modern society . . . and to stop the decimation it had to turn to the State to save it.

I was reared as a free market capitalist, its tenets imbued from secondary school through college and my early work environments. And I believed the sell.
But if 2008 and 2009 didn't make me question those beliefs, and realise that they were politically motivated rather than economically or socially, then I'd just be an ideologue. What's the point in that?

_________________
Profits = Investment – Household Savings – Government Savings – Foreign Savings + Dividends

(i.e. company profits are directly fed, in part, by government deficits)

BANKS DON'T LEND RESERVES
As confirmed by the Bank of England


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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Thu Dec 04, 2014 4:03 pm 
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Nationalised

Joined: Oct 29, 2007
Posts: 11735
Location: Multiverse
Daniel Plainview wrote:
Free market capitalism failed.
It almost collapsed modern society . . . and to stop the decimation it had to turn to the State to save it.



I completely disagree.
The failing of the system was capitalism working.

Banks made bad decisions and went bankrupt as a consequence.
You couldn't get more capitalistic than that.

The difference between capitalism and all the other 'isms' is that this one accepts failure as an integral part of the process.
It recognises failure and allows for it.


Unfortunately politicians don't, as it affects their chances of re-election.

I think it was Greenspan (could be wrong) who said he never met a politician who objected to lowering interest rates.
So the Fed gets the go-ahead to manipulate interest rates downwards, thereby creating bubble after bubble after bubble.

The government didn't save the system.
It prevented it from naturally re-balancing.


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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Thu Dec 04, 2014 4:24 pm 
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Posts: 2506
mr_anderson wrote:
Daniel Plainview wrote:
Free market capitalism failed.
It almost collapsed modern society . . . and to stop the decimation it had to turn to the State to save it.



I completely disagree.
The failing of the system was capitalism working.

Banks made bad decisions and went bankrupt as a consequence.
You couldn't get more capitalistic than that.


Haha, yeah I know that's the version you're pimping now but it's nonsense; free market Capitalism evidently fails to regulate itself - and if the State hadn't intervened then society would have imploded. The Banks went bankrupt did they :lol:?

_________________
Profits = Investment – Household Savings – Government Savings – Foreign Savings + Dividends

(i.e. company profits are directly fed, in part, by government deficits)

BANKS DON'T LEND RESERVES
As confirmed by the Bank of England


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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Thu Dec 04, 2014 5:22 pm 
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Joined: Oct 29, 2007
Posts: 11735
Location: Multiverse
Daniel Plainview wrote:
mr_anderson wrote:
Daniel Plainview wrote:
Free market capitalism failed.
It almost collapsed modern society . . . and to stop the decimation it had to turn to the State to save it.



I completely disagree.
The failing of the system was capitalism working.

Banks made bad decisions and went bankrupt as a consequence.
You couldn't get more capitalistic than that.


Haha, yeah I know that's the version you're pimping now but it's nonsense; free market Capitalism evidently fails to regulate itself - and if the State hadn't intervened then society would have imploded. The Banks went bankrupt did they :lol:?


No. No. No.
Failure is the first step on the ladder of market regulation.
Its by failure the market readjusts.

Unfortunately, the government steps in at the point of failure, using taxpayers money to prevent it from happening.
Lessons go unlearned and hence get repeated.
Oh and the taxpayer gets lumped with the bill.


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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Thu Dec 04, 2014 6:32 pm 
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Joined: Feb 19, 2009
Posts: 2506
mr_anderson wrote:
Daniel Plainview wrote:
mr_anderson wrote:
Daniel Plainview wrote:
Free market capitalism failed.
It almost collapsed modern society . . . and to stop the decimation it had to turn to the State to save it.



I completely disagree.
The failing of the system was capitalism working.

Banks made bad decisions and went bankrupt as a consequence.
You couldn't get more capitalistic than that.


Haha, yeah I know that's the version you're pimping now but it's nonsense; free market Capitalism evidently fails to regulate itself - and if the State hadn't intervened then society would have imploded. The Banks went bankrupt did they :lol:?


No. No. No.
Failure is the first step on the ladder of market regulation.
Its by failure the market readjusts.

Unfortunately, the government steps in at the point of failure, using taxpayers money to prevent it from happening.
Lessons go unlearned and hence get repeated.
Oh and the taxpayer gets lumped with the bill.



If you just allow us to blow up society once.
Then we'll (possibly) learn the mistakes from that and not repeat them. Maybe.

In the meantime normal working people will have their worlds destroyed, their jobs disappeared, just to further a political ideology.

_________________
Profits = Investment – Household Savings – Government Savings – Foreign Savings + Dividends

(i.e. company profits are directly fed, in part, by government deficits)

BANKS DON'T LEND RESERVES
As confirmed by the Bank of England


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 Profile  
 
 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Tue Dec 09, 2014 3:55 pm 
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Too Big to Fail

Joined: Feb 6, 2007
Posts: 4201
Daniel Plainview wrote:
mr_anderson wrote:
Daniel Plainview wrote:
mr_anderson wrote:


I completely disagree.
The failing of the system was capitalism working.

Banks made bad decisions and went bankrupt as a consequence.
You couldn't get more capitalistic than that.


Haha, yeah I know that's the version you're pimping now but it's nonsense; free market Capitalism evidently fails to regulate itself - and if the State hadn't intervened then society would have imploded. The Banks went bankrupt did they :lol:?


No. No. No.
Failure is the first step on the ladder of market regulation.
Its by failure the market readjusts.

Unfortunately, the government steps in at the point of failure, using taxpayers money to prevent it from happening.
Lessons go unlearned and hence get repeated.
Oh and the taxpayer gets lumped with the bill.



If you just allow us to blow up society once.
Then we'll (possibly) learn the mistakes from that and not repeat them. Maybe.

In the meantime normal working people will have their worlds destroyed, their jobs disappeared, just to further a political ideology.

Or kick the can down the road and have an even bigger explosion then?

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 Post subject: Re: If all goes to plan, Nama will be no more in four years
PostPosted: Fri Dec 19, 2014 10:04 pm 
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Property Magnate

Joined: May 20, 2014
Posts: 702
Location: Location Location
So NAMA are going to pay bonuses to developers. Oh no sorry, "incentivisation arrangements"....
Quote:
incentivisation of developers is especially relevant given the shortage of residential supply in Dublin and other urban areas

So let me get this straight: NAMA is paying EUR 200k annual salaries to developers to co-operate so that they can sit on assets as they have for the last 6+ years in Ireland without putting them on the market. NAMA controls a large portion of the residential development site in the Dublin market. Keep sitting on the assets until prices are almost at bubble levels and then allow them to start building again so that they can sell the now finished units on the sites at massively inflated levels in a market starved of supply. Pay said developers bonuses if they achieve "stretch financial targets" and tell the public that this has to be done in order to satisfy the housing shortage that they created by sitting on the assets for over 6 years.... How no politician of any persuasion is on to this heist I will never know. Is it wilful ignorance or just plain incompetence :?:

XX

http://www.rte.ie/news/business/2014/12 ... statement/


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