Right now Great Britain is inflating a housing bubble, they are doing it in the exact same way that the United States created a Sub-prime mortgage crisis and it will end in the same way because it has to. I am posting one of the best videos that I have seen on the financial crisis of the past decade and 12 minutes in you are treated to a very nice history of how the housing bubble was created, how people were convinced to buy houses when they could not afford them. I strongly recommend that my readers watch the video.
YouTube - Overdose: The Next Financial Crisis
The government gave people who could not afford houses money for a down payment. That was very important. In England they have just begun the exact same thing, this is what is driving up their housing costs and it is just as crazy now as it was when we did the same thing. In England it is called "Help to Buy". If you keep doing the same thing, you will continue getting the same results and they know this; therefore, they must want the same result, economic collapse.
YouTube - Keiser Report: Side Effects of Cameron's Ponzi (E504)
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