Britain stuck with high inflation, meagre growth..

[Mich the Tester]

Care to expand mich? (as if you could )

Yes. Loading yourself with debt means you'll have to repay one way or the other.

[Mich the Tester]

Rubbish. The problem is that people in this day and age have exchanged their wages for debt and now they are trapped.

WHS

[Robinho]

Yes. Loading yourself with debt means you'll have to repay one way or the other.

But we effectively have negative interest rates.

[sasguru]

... ditching the gold standard so that money is not tied to value, etc.

Europe had the gold standard for centuries. That period was known as the Dark Ages.
Gold has no intrinsic value, it's just a shiny, pretty useless metal.

You and that other cretin, Robby, always amuse me with your recycling of poorly understood ekconomik cliches.

Why don't you educate yourselves by doing some reading instead of spouting whatever bullcrap that springs unbidden and unwanted from your ignorant noggins?



HTH.

[DimPrawn]

Europe had the gold standard for centuries. That period was known as the Dark Ages.
Gold has no intrinsic value, it's just a shiny, pretty useless metal.

You and that other cretin, Robby, always amuse me with your recycling of poorly understood ekconomik cliches.

Why don't you educate yourselves by doing some reading instead of spouting whatever bullcrap that springs unbidden and unwanted from your ignorant noggins?



HTH.

No, I spend my time making money from "worthless" gold, spending it having a great time, and generally having a great life.

You?

[Robinho]

Yes SAS, the industrial age was a dark age for economic progress.

[Mich the Tester]

But we effectively have negative interest rates.

Maybe, right now, but you don't know what those interest rates will be in a year's time. Having debt exposes you to risks of higher interest rates, having savings exposes you to risks of lower interest rates or higher inflation. But while the debt remains repayable your savings belong to you; you might lose your savings, but then you've lost what you could apparently miss. Even if inflation makes your debt smaller in relation to your income, you still have to repay it, so you can't claim to make a net gain.. You can only do that if you use the loan to buy something which increases in value or provides a reliable return, which is speculative; that's fine for some people, but not for me.

[sasguru]

No, I spend my time making money from "worthless" gold, spending it having a great time, and generally having a great life.

You?

Are you "Money Dim" today?
I thought you were "Stud Sexy Dim". Changes so often I forget.
Feck me, next you'll be "Brainy Dim".
Or does even your imagination balk at that?

[sasguru]

Yes SAS, the industrial age was a dark age for economic progress.

Point proven.

[DimPrawn]

Are you "Money Dim" today?
I thought you were "Stud Sexy Dim". Changes so often I forget.
Feck me, next you'll be "Brainy Dim".
Or does even your imagination balk at that?

Today I am buff Dim, with a six pack and big guns.