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Chrysalis · 26-10-2011, 04:10

of course. confidence is the be all and end all.

If the banks were allowed to go bust and a new era started, then I think we would at this time be on the road to recovery.

But instead the government(s) patched up the current system and the population has lost faith in that system. Most notably as ignition said they sacrificing growth and wealth so those in debt can inflate away their debts which is mainly homeowners and the government itself. This country is too addicted to the property market and it needs to let go and let a property crash (correction) happen. Problem is too many influential people in both the media and government, as well as probably corporate have vested interests in property.

26-10-2011, 04:10	#53
Chrysalis cf.mega poster Join Date: Sep 2003 Posts: 12,047	Re: Economy is worse under us, says Cable of course. confidence is the be all and end all. If the banks were allowed to go bust and a new era started, then I think we would at this time be on the road to recovery. But instead the government(s) patched up the current system and the population has lost faith in that system. Most notably as ignition said they sacrificing growth and wealth so those in debt can inflate away their debts which is mainly homeowners and the government itself. This country is too addicted to the property market and it needs to let go and let a property crash (correction) happen. Problem is too many influential people in both the media and government, as well as probably corporate have vested interests in property.