Originally posted by sasguru
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Previously on "Inflation rising, stocks down - end of housing boom?"
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Originally posted by bobhopeYou're talking about the fractional reserve banking system and the fiat currency (GBP) - once you understand how it works, you'll know it's the biggest scam going. I see it as part of an education process. A long time ago, I used to think retail banks (Barclays, etc) were decent companies that would look after you and not actively try to scam you. Now I know that to be untrue. It's the same thing with central banks and bankers, only on a bigger scale. Inflation is only 2% hah! What most people think of as inflation is ~8% (i.e. the growth in money supply M3/M4 (10%) minus GDP growth (2%))
For most people (i.e. those who have to work) the only true measurement of 'cost' is the amount of labour expended. Money is an artificial construct that obscures the amount of effort required to obtain something.
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Originally posted by milanbenesbut my point is that the precise measurement of increase in paper money is higher than the % they want inflation to be reported as therefore it cannot possibly be used in the inflationary basket calculation.
Who do you mean by "they"? Presumably you mean the government.
Well, MY point has always been clearly stated - if this figure is more accurate, and it is in the public domain, why don't the opposition press use it? They have no reason not to.
I suspect that this precise calculation does not indicate true inflation after all.
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Originally posted by Hart-floota spot of Milton Friedman for your sad-do bedtime reading maybe?!
He was into all that M3/M5 moneterist s**t.
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Originally posted by bobhopeWhat most people think of as inflation is ~8% (i.e. the growth in money supply M3/M4 (10%) minus GDP growth (2%))
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Originally posted by milanbenesquite right bogey man, I have no economic qualifications (and only a douglas in computer science at that!) and am probably talking sheeeet on this subject
moral of the story folks, do your own research
would anybody else care to elaborate on these subjects, to be honest Stacker I am surprised you are asking these questions as I always took you to be a worldy member of the congregation.
Milan.
He was into all that M3/M5 moneterist s**t.
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Originally posted by milanbenestheir is more to this stuff and who is pulling the strings than immediately meets the eye
Milan.
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quite right bogey man, I have no economic qualifications (and only a douglas in computer science at that!) and am probably talking sheeeet on this subject
moral of the story folks, do your own research
would anybody else care to elaborate on these subjects, to be honest Stacker I am surprised you are asking these questions as I always took you to be a worldy member of the congregation.
Milan.
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Originally posted by milanbenesit cannot possibly be used in the inflationary basket calculation
Milan.
Where did you obtain your degree in economics, by the way?
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but my point is that the precise measurement of increase in paper money is higher than the % they want inflation to be reported as therefore it cannot possibly be used in the inflationary basket calculation
Milan.
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Originally posted by milanbenesthe job for the rulers of the country is to remove anything from the inflationary measurement basket which rises in % higher than the % they want inflation to be reported as
hth
Milan.
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Originally posted by stackpoleThat doesn't stack up as a reason. For a start, it isn't in the interest of the tory press to keep it quiet.
One paper have their own measure of inflation, and gives a similar result to that mentioned earlier in this thread (about 8%).
HTH
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it is if they are being told to tow the line
wheels within wheels my friend
their is more to this stuff and who is pulling the strings than immediately meets the eye
Milan.
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the job for the rulers of the country is to remove anything from the inflationary measurement basket which rises in % higher than the % they want inflation to be reported as
hth
Milan.
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Originally posted by milanbenesbecause then everybody would know the truth, we can't have that can we.
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