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Is High Inflation desirable?

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Banjo:
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.

Greenfinger:
The government may like it but it is killing my savings.

The Prophet:
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!

Albert:
If the British public can't see that this is going on we are doomed!
Surely Channel 4 news should report it?

Philofacts:
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

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