New Home Owners And Snagging Forum
Investments => Financial Markets and the economy => Topic started by: Banjo on June 06, 2011, 11:33:44 am
-
It is for the government not the individual - unless you have large debts too.
The current level of UK debt is at the same level as it was after World War II.
Around 40% of that debt was written off due to inflation.
No politician will ever highlight this fact and they will allow inflation to continue so it erodes public and private debt levels.
The £200bn quantitative easing programme was just a money printing scheme, with the "new money" used to buy British government bonds.
-
The government may like it but it is killing my savings.
-
The Great Inflation Swindle!
Bank of England governor Mervyn King, has been telling us all for THREE YEARS that inflation was a "temporary blip" and there was a real danger of deflation.
Yet still inflation is more than twice the Bank's 2% target rate.
Both the UK and US governments plan to inflate their debts away - and savers are all being swindled!
-
If the British public can't see that this is going on we are doomed!
Surely Channel 4 news should report it?
-
With the CPI at its highest level since September 2008 and the average monthly CPI figure since May 2007 has been 3.5%.
The BoE "neither prevented or predicted" this. It is as if the BoE is deliberately keeping inflation high and permitting wages,
savings and earnings to be devalued and in the process eroding the real value of the nation's debt.
"Inflationary default is the oldest trick in the book" says Fraser Nelson on Spectator.co.uk.
There will always be "explanations" when Mervyn King writes his now monthly letter to the chancellor.
The BoE is still confident that inflation will fall towards it’s 2% target and cites that average earnings grew by just 2.2% last month decreasing fears of a wage/price inflationary spiral
-
It is not just going to be in the UK but globally this time.
Expect to see 10% inflation as a norm in the next five years IMO.
-
Have you noticed that the size of packets of food are being reduced.
180grams of crisps become 150grams and the price goes up a penny or so too.
Stealth inflation that manufacturers use so they dont "shock" the consumer by putting the prices up too much too fast.
-
Excluding food, drink, energy and tobacco, prices of consumer goods fell 18% from January 1997 to 2007 due to a strong Pound.
Now the trend has reversed. Due to the BoE deliberate decision to keep interest rates artificially low, the pound has been falling since early 2007.
It is now 25% less in trade weighted terms and down 30% against the Euro.
So the cost of imports will continue to increase.