Scary conspiracy theories and paranoia about hyperinflation abounds

tradetime

StevieJ wrote: »

Two points:
What do you consider 'strong inflation'?
.

I would not be surprised to see a return to the inflation levels we saw in the mid 70's to early 80's. The RPI ran anywhere between 7% and 24% during that period.

tradetime

wombat42 wrote: »

Well his motto is "Buy low and sell high" but he is the first to admit that he doesnt always get it right but he trys to buy after falls rather than rises.

Yes that puzzled me about his call on aggros in Jan, apart from the fact that I was convinced that a lot of the move was speculative, it looked like you'd missed the boat as most prices had nearly doubled over the previous six months. Maybe he warned people to wait for a decent pullback, I didn't see the whole interview, just read a summary. Though he was invested from whenever so I'm sure he didn't appreciate the fed / treasury stunt

I think buy lo / sell high, and sell high / buy lo is just about every bodies motto, acheiving it is the trick

StevieJ

tradetime wrote: »

I would not be surprised to see a return to the inflation levels we saw in the mid 70's to early 80's. The RPI ran anywhere between 7% and 24% during that period.

It will bankrupt the govt paying out the interest on those NS&I index linked.

tradetime

StevieJ wrote: »

It will bankrupt the govt paying out the interest on those NS&I index linked.

Lol nice one.

NewWorldOrderBeware

Why does the government BORROW money from a private bank that then charges us, the taxpayers, interest on the loan!?

If you think about it that means that whatever money they inject into the system, theres never enough money in existence to pay the debt back including interest. The simple fact is this enslaves us to the central bank and the most powerful people in the world are those that own money itself - an unelected elite that have owned the central banks for 100s of years in western europe and about 100 years in america.

Im always hearing on the news that gordon brown needs to lower interest rates. CRAP - its the bank of england that controls its interest rate, not an elected politician. Central banks can make all sorts of demands and conditions for lending money to a government in a crisis. Why are we hearing about new carbon tax laws at the same time as government bail outs.


People think their taxes are going on public services when in reality a vast chunk just goes on paying the interest for government borrowing. People are quick to call "conspiracy theorists" lunatics and they just suck in all the crap they read in the papers and the tv. For example a never-ending war on terrorism that came out of absolutely nowhere and is extremely dubious upon closer examination, a scientific "concensus" on climate change whose wheels have all come off if it ever had any.

I too would never have believed of any of this "crazy conspiracy stuff" had it not been for the invasion of iraq following the biggest lie since, oh, 2 years earlier.

leaderworld

The dollar rate had dropped down and also economy of the country also looks so dull.Is it right time to invest our money in stocks.

purch

People are quick to call "conspiracy theorists" lunatics and they just suck in all the crap they read in the papers and the tv

No....just to call out the Ignorant and Uneducated like yourswelf who has no clue whatsover what they are talking about !!!

an unelected elite that have owned the central banks for 100s of years in western europe and about 100 years in america

Do some research............the Central Banks of Europe are NOT owned by an unelected elite

its the bank of england that controls its interest rate, not an elected politician

The Bank has only had that Independance since 1997, and it is in the Gift of the Government, as are all the positions on the MPC.

wombat42_2

tradetime wrote: »

I think buy lo / sell high, and sell high / buy lo is just about every bodies motto, acheiving it is the trick

But in practice many do the opposite, buy on rises and sell on dips.

wombat42_2

NewWorldOrderBeware wrote: »

Why does the government BORROW money from a private bank that then charges us, the taxpayers, interest on the loan!?

If you think about it that means that whatever money they inject into the system, theres never enough money in existence to pay the debt back including interest. The simple fact is this enslaves us to the central bank and the most powerful people in the world are those that own money itself - an unelected elite that have owned the central banks for 100s of years in western europe and about 100 years in america.

Im always hearing on the news that gordon brown needs to lower interest rates. CRAP - its the bank of england that controls its interest rate, not an elected politician. Central banks can make all sorts of demands and conditions for lending money to a government in a crisis. Why are we hearing about new carbon tax laws at the same time as government bail outs.


People think their taxes are going on public services when in reality a vast chunk just goes on paying the interest for government borrowing. People are quick to call "conspiracy theorists" lunatics and they just suck in all the crap they read in the papers and the tv. For example a never-ending war on terrorism that came out of absolutely nowhere and is extremely dubious upon closer examination, a scientific "concensus" on climate change whose wheels have all come off if it ever had any.

I too would never have believed of any of this "crazy conspiracy stuff" had it not been for the invasion of iraq following the biggest lie since, oh, 2 years earlier.

Yes you can go overboard on conspiracy theories but on the otherhand there are plenty of warped irrational people around with personality disorders who are just in it for what they can get (sociopaths - see http://en.wikipedia.org/wiki/Sociopath ). In fact it seems a prerequisite to get a high position in a financial institution or politics these days.

tradetime

wombat42 wrote: »

But in practice many do the opposite, buy on rises and sell on dips.

In my world the majority do the opposite, hence my ending

acheiving it is the trick

It's a nice, and accurate cliche, but like most cliches it's strong on catchiness, short on detail. Hi and Lo are relative terms. Since most people don't study markets for a living how would they truly know what constitutes hi or lo for a given instrument in a given timeframe. Even those who study it get it horribly wrong from time to time.
The market is designed to prove most of the people wrong most of the time.