Originally posted by Old Greg
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The left-field threat to Europe ...
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Originally posted by Old Greg View PostBut it's value is it's purchasing power, not your ability to acquire it. Otherwise, if your salary doubles, the value of your savings halve.
Measured in that way the value of your savings do indeed halve. For example, someone who gives you £10,000 is only going to get half as much of your time as they would have before.
Like I said, it's relative. You seem to think "purchasing power" is the one true unit of value, I would contend that a unit of my time is an equally good measure.Last edited by doodab; 6 January 2012, 17:11.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by Old Greg View PostSo if you have savings of £10k and debts of £10k, both at 4% fixed and everything goes up in price 10-fold but your wages remain the same, then ther value of the savings is decreased, and the value of debt remains the same, so you're worse off than if you had no debts and no savings?While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by sasguru View PostFFS we're talking macro-economics and fiscal and monetary policy here, not how Mr. Bloggs is going to pay his mortgage.
Personally I think fook Mr. Bloggs for borrowing too much.
You idiots need to do some reading of economic history before exposing your ignorance on here.
Inflation is the UK's official government policy, behind the scenes,, as has happened before.
Go and do your own fooking research and education, I don't have time to drum it into your thick bonces.I'm alright JackComment
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Originally posted by sasguru View PostFFS we're talking macro-economics and fiscal and monetary policy here, not how Mr. Bloggs is going to pay his mortgage.
Personally I think fook Mr. Bloggs for borrowing too much.
You idiots need to do some reading of economic history before exposing your ignorance on here.
Inflation is the UK's official government policy, behind the scenes,, as has happened before.
Go and do your own fooking research and education, I don't have time to drum it into your thick bonces.Comment
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Originally posted by AtW View Post...and index linked pay raises for public sector will increase costs even further.Comment
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Originally posted by TimberWolf View PostMerv gets showered with honours and money and perhaps they expect private sector wages to rise faster
I guess that and five million quid in a pension pot would do the trick.
Bank of England, established 27 July 1694.
Current position according to Wikipedia:
Reserves
£7,334,000,000 (in gold)
£229,599,000,000 (total assets)
Source: Bank of England - Wikipedia, the free encyclopedia
So, the real deal (gold) is around 3% of "assets" - 230 bln of them, amazing growth from just 97 bln of "assets" in 2008 (PDF) and 77 bln in 2007 (PDF), trippling assets in just 4 years, what a good banker he is!Comment
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Originally posted by AtW View PostWow, I've just checked and he is not just KBE, but GBE - Knight Grand Cross - highest rank in the order!
I guess that and five million quid in a pension pot would do the trick.
Bank of England, established 27 July 1694.
Current position according to Wikipedia:
Reserves
£7,334,000,000 (in gold)
£229,599,000,000 (total assets)
Source: Bank of England - Wikipedia, the free encyclopedia
So, the real deal (gold) is around 3% of "assets" - 230 bln of them, amazing growth from just 97 bln of "assets" in 2008 (PDF) and 77 bln in 2007 (PDF), trippling assets in just 4 years, what a good banker he is!Comment
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