Reply to: The UK economy .....

[Bitbucket]

Cant be doing that bad

Believe Gordon has just pledged 6 Billion to help educate poor African kids , looks like the Cisco CCNA will be relegated to the level of a GCSE and C# will be like knowing the Sinclair Spectrum inside out

Good time to get out of IT and into something more profitable like making fish sausages or whatever.

[expat]

hands up if you building a guns and food holding

threaded.

No - me guns, you hands up.

[eternalnomad]

Because everyone knows that Gaydon is such a genius and knew exactly what he was doing.

Disagreeing with this "fact" will brand you a terrorist

I also meant to add......he announced in advance his intention to dump UK gold onto the market. The market reaction was to drop the (already low) price furher in expectation of the gold coming into the market.

The nett effect of his announcement being the price achieved for the UK's gold was EVEN lower that it could have been.

The more i think about it, the more of a genius i think Gaydon really is.

Gaydon for PM, Gaydon for PM (sooner the better IMHO - a couple of years of that fella in charge and we are guranteed no more NuLiebour for at least one whole generation)

[eternalnomad]

Why be no one asking Mister Brown why he sold orff our gold at the bottom of the market?

Because everyone knows that Gaydon is such a genius and knew exactly what he was doing.

Disagreeing with this "fact" will brand you a terrorist

[milanbenes]

to prop up the U$D old chap

Milan.

[milanbenes]

Benny,

the jury is out on that one

Milan.

[Benny]

I couldnt possibly comment

Remember: in 1934 the USA government confiscated all personal gold holdings - it could again and this time it could be in the UK

What you dont have they cannot confiscate

Why be no one asking Mister Brown why he sold orff our gold at the bottom of the market?

[BlasterBates]

You can't allow inflation to grow like you could in the past eg Harold Wilson because these days that would create a currency shock. i.e. the pound begins to accelerate downwards as inflation picks up, simply because the financial markets are liquid enough to allow everyone to sell. So if inflation picks up they'll raise rates.

[eternalnomad]

hands up if you building an AU and AG holding

Milan.

I couldnt possibly comment

Remember: in 1934 the USA government confiscated all personal gold holdings - it could again and this time it could be in the UK

What you dont have they cannot confiscate

[Benny]

hands up if you building an AU and AG holding

Milan.

Mister Hunter says you be too late and missed the boat

[threaded]

hands up if you building a guns and food holding

threaded.

[milanbenes]

hands up if you building an AU and AG holding

Milan.

[eternalnomad]

Mind you, on the other hand, engineering a bit of higher inflation by leaving rates low will help to erode the debts of all those borrowers faster and keep them voting the right way. Ah, now I see how the mind of GB works.

HANG ON SECOND - THESE SORT OF ECONOMIC DECISIONS ABOUT INTEREST RATES AND INFLATION ARE NO LONGER THE RESPONSIBILITY OF GAYDON BUT UNDER THE "INDEPENDANT" CONTROL OF THE MPC

Shirley you are not suggesting that Gaydon is trying to influence UK interest and inflationary policy for the sake of political gain

Back to your orginal point.....

One side effect of inflating the UK out of debt is the decline in the purchasing power of sterling and those with savings seeing the value of those savings being erroded (possibly quite significantly)

For those with substantial savings, take a look at what has been happening with the value of gold these past 12 months.....then it may become clear that the "smart money" sussed Gaydons plans a long time ago and are bailing out of sterling and the dollar into something that the government cant print more of when it suits them.

The USA economy is in the same predicament as the UK's ...but worse !

[Emperor Dalek]

We're all doomed.

But I too would be in favour of higher interest rates. Purely from a self interest point of view of course.

Mind you, on the other hand, engineering a bit of higher inflation by leaving rates low will help to erode the debts of all those borrowers faster and keep them voting the right way. Ah, now I see how the mind of GB works.

[eternalnomad]

hmm or

How can the UK economy be ferked when our houses are all worth so much money ? In fact they are so valuable everyone is borrowing huge amounts against this equity to spend on holidays and cars etc.

I believed his royal highness Gaydon when told us "No more return to boom and bust".

The man is a genius of the first order and I for one am happy to gamble the future financial prosperity of my whole family on this man's brilliance (NOT)

I detect a rather serious "correction" coming to the UK economy, however nobody will dare to refer to it as "economic bust" because as Gaydon said, we dont do "busts" anymore. Those that dare to defy him will be detained as a terrorist and held without trial.

You know its only "fair"