GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, January 5, 2014

Booming Property Prices threaten Britain's Economy: minister

In Britain, a leading minister says the return of booming house prices is putting the country at risk of repeating the boom-and-bust economy.

Business Secretary Vince Cable said that the rise in house prices in and around London is a worrying development -- and threatens the recent economic gains. But in contrast, Prime Minister David Cameron said that the country is not in another house price bubble. Recent figures show that property prices in December experienced their biggest monthly rise in four years. According to one bank, the price of the average British house rose 8-point-four percent in 2013. Britain's housing market crashed in 2007, causing one of the worst recessions in the country's history

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