Are Brown and Darling destroying our wealth , currency and economy ?

eeja

The pound took a nosedive again today to fall under $1.50 and is rapidly achieving the status of a banana republic currency and making us a laughing stock.
Brown and Darling are fiddling while the nation's economy sinks. You only need to study economics for one day or even one hour to know that the more money you print as these comedians are doing, the faster a currency depreciates.
Please see my posting on Pakistan, (Denmark, Hungary and other countries) INCREASING their interest rate to protect the value of their currency usually at the bequest of the IMF. The Pakistan posting IS in my view very relevant to this thread even though you may have no interest whatsoever in that country and its interest rates.
Thank you

Aegis

As mentioned, Pakistan is a totally different situation. Someone mentioned that their inflation rate is hugely higher than ours, so their rate rise is an effort to drag that back down again. Our inflation is comparatively much lower and is predicted to drop down to very low levels. As such, we can focus more on the markets, and easing monetary policy should help stimulate medium to long term growth.

Trollfever

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EdInvestor

Another reason why emerging market countries are raising interest rates and trying to boost their currencies is because many of them have large US dollar and euro debts , so if their own currency collapses they are in deep trouble.This was the root cause of the Asian financial crisis in 1997. Something quite similar is happening in Eastern Europe..

The Uk isn't in this situation.