Phoa we have almost moved office, but enjoy this one, Fred is one of the best!
Fred Harrison:
His first book, The Power in the Land (1983), predicted the economic crisis of 1992. He followed this with a 10-year forecast (published in The Chaos Makers [1997]) that a global financial crisis would be triggered when house prices peaked in 2007. He wrote:
By 2007 Britain and most of the other industrially advanced economies will be in the throes of frenzied activity in the land market…Land prices will be near their 18-year peak…on the verge of the collapse that will presage the global depression of 2010.
Real estate “bubbles” can be neutralised, but governments refuse to reform the financial system. They are now laying the foundations for the next global property boom/bust, which will create even greater devastation than that which followed the implosion of the West’s banks in 2008.
We start on human rights, move into land rent theory, then on to policy adaption sculpted for the rentier.
Visit www.earthsharing.org.au for full show notes.
Photo - Joshua Earle.
Music - Poddington Bear.
Karl Fitzgerald