Economy & Banks

or just cut them into ample sized sheets and leave them by the toilet

So what should I do with my Japanese bonds then?

trade them in for njs while they are still worth something

the Economy & Banks thread

the Trading and Investment Strategies thread?!

japans debt crossed the 15 zero threshold !
thats 1,000,000,000,000,000 JPY ... 1 quadrillion ... 1 thousand trillion

http://www.zerohedge.com/news/2013-08-09/japan-enters-keynesian-twilight-zone-total-debt-crosses-%C2%A5100000000000000000

crazy country eh!

This represents about $10.5 trillion, is an amount larger than the economies of Germany, France and the U.K. combined, and is about 230% of Japan's GDP although at this point who cares: Japan will never repay its debt and the best it can hope for is to inflate it away

i'm unconcerned by it all though,

All I could think of was - 'would this make it cheaper or more expensive to visit Tokyo?'. gave up on answering it almost straight away.

soooo many factors

but almost certainly cheaper .... i mean more expensive, sorry

Hold on - I have a of this Japan situation....

just finding it....here it is

http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-houses-its-gold-vault

Worth a read to the end

Ugh, bloody banks!

May be time for a trip to India....

'Because shut up, that's why.'

Here’s how a ‘good’ bank could operate, Indy

nice infographic

http://visualizingimpact.org/index.html

nice infographic

http://visualizingimpact.org/index.html

so the people of Kenya pay a very high price for their political representatives!

is it value for money?!

the people of that country think not!

.. and it looks like their protest was effective,

[

Lawmakers in Kenya have agreed to rescind a planned salary hike, following outrage and protests by the public weary of politicians who already earn exorbitant wages in an impoverished country with an estimated 50 percent unemployment rate.
](http://www.ibtimes.com/kenyan-mps-agree-cut-their-salaries-sort-1306339)

my thought for the evening:

would there be any reason not to have a law in this country banning the foreign ownership of UK property (land, housing, business premises etc.)?

premise: any inflow of money from abroad to buy up property is purely speculative: to extract rent, which is of no use to people actually living in this country, thereby needing shelter and possibly a space to start a small business (!)*;

e.g. a new-build residential block of flats in London

• the law of the land could state that this property can only be sold to existing residents of the land (citizens of the United Kingdom)
  

• or the law of the land (as it does at present) could allow a 'foreign investor' to buy that property, then rent it out to tenants, extracting a rent from the tenant, and pushing up the price of housing as there is more willing purchasers ('Demand') due to the law allowing that property to be sold to foreign purchasers

• and possibly of no use either to the people living in the land where the money has come from - lets say China - as instead of that money being reinvested in the local economy, its being withdrawn from that economy to be placed into another

reference: recall Nicholas Shaxson making a similar (or the same) argument in Treasure Islands ('Tax Havens and the Men who Stole the World')

So what would stop forrins creating a Real Estate company in the UK and using that UK entity to purchase property.

Nothing.

Punitive taxation on foreign owned real estate companies?

premise: any inflow of money from abroad to buy up property is purely speculative: to extract rent, which is of no use to people actually living in this country

In that case, your whole premise is wrong.

I brought money into this country and bought the property I currently live in, paying various taxes as well as the wages of IFAs, solicitors, house inspectors, electricians and others along the way.

It's not all Lambo-driving Arabs, buying £million mansions you know.

Punitive taxation on foreign owned real estate companies?

Then you just buy through a UK-owned company.
For every law they make, there's a loop-hole.

So you are saying that government of the UK should enact laws for the benefit of the people of the UK, even if that means upsetting very rich foreigners? What on earth will your next insane idea be?

If it wasn't for foreigners and their money I wonder what Brits would being doing now..

still ruling the world like in the 1800's .. probably

Did somebody say "slaves"?