Reply to: Are you worried about hyperinflation?

[TimberWolf]

CBI says inflation to be 'volatile' next year

and that The Bank of England will start to raise interest rates next spring and could take the cost of borrowing to 2 per cent by the end of next year.

http://business.timesonline.co.uk/to...cle6845029.ece

I imaging the real inflation rate is already quite high. Even without government borrowing, we're printing, what, about £3000 for every man woman and child in the UK per year.

[Andy2]

We are following the US who is the number one debtor.
But they have huge natural resources and can write off the debt
what do we have ?

[TimberWolf]

The Times has a debt counter too now. The good thing about this one (as in frightening) is that it updates really rapidly

[TimberWolf]

Just to pay the interest on its ballooning debts the Government must find more than £30 billion a year — about £500 for every man, woman and child in the country
http://business.timesonline.co.uk/to...cle6840749.ece

Shiver me timbers, aaar

[TimberWolf]

Here's what Gordon's advisers are reading

[Addanc]

As long as they pass the money round fast enough, it never catches up & everything's fine

Serious question, does anyone in the world actually understand the precise way it all hangs together? Is it even possible to understand or does the amount of computer intervention mean it's impossible to keep up?

I haven't managed to sit through all of "crash course" yet; I not involved in finance so cannot pass sensible comment on the content.

[d000hg]

I don't know how it's calculated. Last I heard Japan were lending the US a shed load, while heavily in debt themselves, and the UK provides aid to China, but is heavily in debt to them

As long as they pass the money round fast enough, it never catches up & everything's fine

Serious question, does anyone in the world actually understand the precise way it all hangs together? Is it even possible to understand or does the amount of computer intervention mean it's impossible to keep up?

[DiscoStu]

I think those people that are buying property currently have the same idea, especially since Osborne said the Tories will be keeping interest rates low too.

It's a great long term plan. Hyper inflation deflates the debt into nothing, the assets still have some value. Boomed!

[TimberWolf]

I plan on getting into a huge pile of debt just before hyper-inflation starts and spending the money on gold.

I think those people that are buying property currently have the same idea, especially since Osborne said the Tories will be keeping interest rates low too.

[DiscoStu]

I plan on getting into a huge pile of debt just before hyper-inflation starts and spending the money on gold.

[TimberWolf]

I don't know how it's calculated. Last I heard Japan were lending the US a shed load, while heavily in debt themselves, and the UK provides aid to China, but is heavily in debt to them

[mace]

May as well have been a map of the world's wealthiest nations. I reckon debt and wealth are closely tied. i.e. as some people get rich in this country, their poorer neighbours try to keep up with the Joneses and get themselves in to debt.

[TimberWolf]

Poll coming...

In the meantime take a look at an optimistic debt counter

Another debt counter here, but for the whole world and with a slideable time-line.

[TimberWolf]

if you are a saver deflation is your friend - nothing to worry about in deflation.

Flatulation is a different matter.

I think El. Gordo and the US are more interested in protecting borrowers than savers at the moment, specifically in keep house prices from falling.

[ThomasSoerensen]

if you are a saver deflation is your friend - nothing to worry about in deflation.

Flatulation is a different matter.