buy to let warning

ptwparkinson

DaftyDuck wrote: »

"Bag for life", anyone? Or "caravan in the drive"?

what does that mean ?

System

DaftyDuck wrote: »

"Bag for life", anyone? Or "caravan in the drive"?

Really sad but one thing I was really looking forward to last Christmas was the return of the caravan. Never happened

BillJones

ptwparkinson wrote: »

what needs to be done here initially is for Federal Reserve Bank to be nationalised......

...the vampires would not be able to crash and de-stabalise it .
Cancel the $ 10 trillion debt to the Iluminati and Bildeberg bankers...

Oh dear God...

I'm familiar with conspiracy theory idiocy such as the above, but seriously, why are you bring in the Fed into a UK business that's failing?

As for the second point, I'm a reasonably senior banker, yet still haven't been invited to, or instructed by, the illuminati. It's strange, don't you think, that a guy involved in the business knows nothing about this conspiracy, whereas you seem to have it all figured out.

You must be far more intelligent than us sheeple...

BillJones

ptwparkinson wrote: »

I think maybe there are some jealous people out there on this forum who want to be in my position

You're right. I hate being a member of the 1%, and wish that instead I'd miserably failed in building a buy-to-let empire.

What an idiot I was, studying, and working, and doing well, when instead I could have borrowed money, run my idiotic business into the ground, and ended up ranting about the illuminati on a money saving site...

ptwparkinson

No I don`t have it all figured out -- I am merely expressing an opinion -- the Fed Reserve have an impact on UK businesses -- it was the Fed Reserve ie Poulson at the helm who put Lehamans in a Chapter 21 receivership after Bob Diamond at Barclays discovered that Barclays could not actually finalise the deal to buy the good arm of Lehmans until after there had been a shareholders meeting -- the next morning ( The Monday ) Barclays just cherry picked Lehmans --- the sub prime problem which partially triggered the " credit crunch " could have been averted if there had been more regulation - so yes I believe that the Fed Reserve Bank is owned by the wrong people


You say that you have no idea what has been going on --- RBS Fred Goodwin --- major gambling and RBS had to be rescued by the taxpayer --- in my opinion Banks should not fail -- it shouldn`t happen --- Libor rigging should happen -- do I need to go on --- this is no conspiracy theory -- this is fact --- I have nothing against Bankers receiving bonuses if they have actually delivered the profit and it is sitting there in the bank but a lot of bonuses are paid out on future business plans -- the bonus is paid and the plan fails and it`s just a question of OOPS ---- a banker I was aquainted with bought an Aston Martin at a steal price from one of the customers who was going bankrupt and was proud of the fact that there was tons of equity in that car -- he would drive it for a while and dispose of it for a profit --- that smacks of insider trading of a different kind -- I hear that the vampires are buying up art , jewellery and property from their bankrupted customers when in fact this stuff should go into auction and be sold to the highest bidder -- it goes on all of the time -- you are a senior banker -- go ahead and justify this --- do you wonder why the public no longer trust the banks --- my business is not failing as I have said -- I was merely trying to point out the pitfalls to any new potential buy to let landlords ---- I never believed and of the hype in the property magazine -- I did my own research and carried out my own due diligence -- and I kept well away from the off plan deals which mainly were a lot of scams -- there were some good ones but a lot of people lost their shirts in that game


I just lost faith in pensions and stocks and shares and decided to invest my money into bricks and mortar because there would always be something to show for it !!! I can`t rely on bonuses !!

Gwhiz

I know what you need in your life OP - paragraphs!

Honest, it will bring contentment to all

ptwparkinson

BillJones wrote: »

You're right. I hate being a member of the 1%, and wish that instead I'd miserably failed in building a buy-to-let empire.

What an idiot I was, studying, and working, and doing well, when instead I could have borrowed money, run my idiotic business into the ground, and ended up ranting about the illuminati on a money saving site...

OK --- you are a banker --- how do banks make money --- the banking system was started by the jewish people because their bible forbade them making profits from property and so they went into money lending and made their money from the interest payments on the loans --- this is how banks make a lot of their money ---by lending it to people like myself --- if we were not here to borrow money you probably wouldn`t have a job


I admire what you have done -- but my university was the university of life through a major TV company and through 12 years of freelancing and so when I was into my early 50`s for lots of reason`s -- mainly family I gave up the TV/Film work and went into buy to let to try to create a better pension plan and to create some wealth for my family for when I am no longer here and I am determined not to fail because I believe in paying back my debt !!!


I am not ranting about the Iluminati -- they and the Bildeberg`s do exist -- I have a list of the last 150 attendees of the last Bilderberg meeting


Google Jane Stanford -- one of the founders of Stanford University -- she was murdered by poisoning in 1905 by special interests who wanted control of the University --- they are the same people who were discussing Eugenics and sterilisation of sub standard human beings and some of these same people went on to finance the Nazi Party and the rest is history -- bit like us taking out Saddam and supporting something even worse --- I am no expert but surely it would have been a better outcome if we had just got Saddam under control to stop the evil --- maybe I am naïve -- but the facts are that we fought an illegal war -- that`s a fact --- no WMD --- and was the professor found to have been murdered -- can`t remember --- I am not ranting about all of this -- I am merely presenting what I believe to be the facts ( and I stand to be corrected at any given time ) and all of this has an effect on buy to let because it all has an effect on the economy --- where is !!!!!! Fauld of Lehmans now --- he came out ok and look at the fallout that was created because partially of the manipulation of the derivatives market -- Robert Peston explained all of this really well and showed how the global economies became contaminated when the toxicity was sold all around the globe to unsuspecting investment institutions , investors and pension funds etc


look at Dave Fishwick who created Bank On Dave in Burnley --- they are a small buildings and loan outfir who lend money to small local businesses and their default ratio on their loans is about 3 % because the job is done the old fashioned way and they don`t gamble the money away and this is the way it used to be done and the way it should still be done -- and the banking institutions did not like it one little bit -- what dave Fishwick should do now is to roll that business model out across the whole of the Uk -- it would help create more jobs --- what else did he do --- oh yes -- he traced back a lot of the payday loans companies to America and found that most of them are owned by about 4 large American conglomerates and they want people to stay in debt and never pay off their loans because they can collect the interest forever !!! And the loans are probably paid back by the interest within a few months and the vampires just keep on sucking out the blood !!!
Go ahead --- make my day and tell me how good the banks are and how much they actually care about their customers -- where is the duty of care --- TV adverts -- welcoming customers through their doors -- all giggles and smiles ---- get behind on a payment and see how they turn on you and they are aggressive because they don`t actually care about people --- people are just numbers on a balance sheet !!

ptwparkinson

Gwhiz wrote: »

I know what you need in your life OP - paragraphs!

Honest, it will bring contentment to all

Sorry but I am trying --- will try a little harder !!

AdrianC

ptwparkinson wrote: »

the banking system was started by the jewish people

I am not ranting about the Iluminati -- they ... do exist

Google Jane Stanford -- one of the founders of Stanford University -- she was murdered by poisoning in 1905 by special interests who wanted control of the University --- they are the same people who were discussing Eugenics and sterilisation of sub standard human beings

...and Elvis and JFK teamed up for the 9/11 attacks...

but my university was the university of life

Chancellor: David Icke.

ptwparkinson

Going off for while now as I wish to fly my aeroplanes -- not real ones because it`s too expensive now ( stopped flying real world in 2004 and I can`t begin to tell anyone how much I miss it ) but I fly the X Plane flight simulation where there is an organisation called VATSIM who give by the book on line air traffic control --- that can get the adrenalin charging around you body --- the photographic scenery is so good I can find our garden shed !!!!
If the gold shares come good I shall move with the family t Malaysia and build a full motion Boeing 757 or 767 simulator and that is how I will while away my dwindling years !!! And hopefully by then my buy to let portfolio will be a thing of the very distant past !!!!!