Chancellor set to print more cash

jon3001

http://www.timesonline.co.uk/tol/news/politics/article5470100.ece

Alistair Darling is considering printing more money in an attempt to ease the credit crunch.

The policy of increasing the money supply to relax monetary conditions is being looked at as a “sensible contingency plan”, a senior government source told The Times last night.

Andrew64

Oh, great! Gordon is now toying with bringing us into line with countries like Argentina and Zimbabwe. If this huge gamble goes wrong, we will get hyperinflation and our savings will become worthless. We'll have to spend it as soon as we get it. But perhaps that is the plan - it'll certainly get us spending!

malik999

ive been trying this on my canon ip 4200 but i can't get the colours right.

purch

http://newsvote.bbc.co.uk/1/hi/business/7817063.stm

Treasury Denies 'More Cash' Claim

MrSinister

Just what would happen to people with savings then... would they all become worthless?

RayWolfe

Andrew64 wrote: »

Oh, great! Gordon is now toying with bringing us into line with countries like Argentina and Zimbabwe.

Slight exaggeration, do you think? What's your plan?

Caligirl_3

First time poster here! I am seriously worried about this crazy plan by this loopy government to print more money.

I have substantial savings - some in ISAs, some in the Index-Linked Savings Certificates, some in savings accounts.

What should I do? I don't want my money to become worthless.

I am hoping to move to America by the end of the year (I work over there quite a lot) - should I get all my money out now and over there?

I know a lot of people will say the US is in a worse state than the UK but having been over there recently, there is nothing like the chaos going on here with shops closing down. It seems to be way worse and more accelerated here in the UK.

Help - I don't have a mortgage, pay off my credit cards each month and have saved for the past several years. I am gutted that it seems those of us who have been prudent are now being penalised.

What should I do to make sure my savings don't become worthless if this ridiculous excuse for a government does decide to print more money (euphemism = quantative easing)? Is taking my money abroad the best option??

Help!

wombat42_2

I think there will be a run on wheelbarrows soon.:eek:

nobby24

Caligirl wrote: »

First time poster here! I am seriously worried about this crazy plan by this loopy government to print more money.

I have substantial savings - some in ISAs, some in the Index-Linked Savings Certificates, some in savings accounts.

What should I do? I don't want my money to become worthless.

I am hoping to move to America by the end of the year (I work over there quite a lot) - should I get all my money out now and over there?

I know a lot of people will say the US is in a worse state than the UK but having been over there recently, there is nothing like the chaos going on here with shops closing down. It seems to be way worse and more accelerated here in the UK.

Help - I don't have a mortgage, pay off my credit cards each month and have saved for the past several years. I am gutted that it seems those of us who have been prudent are now being penalised.

What should I do to make sure my savings don't become worthless if this ridiculous excuse for a government does decide to print more money (euphemism = quantative easing)? Is taking my money abroad the best option??

Help!

How about converting some of your cash into property, in the long run you can't lose and you could rent it out if you move to the US?

wombat42_2

Caligirl wrote: »

First time poster here! I am seriously worried about this crazy plan by this loopy government to print more money.

I have substantial savings - some in ISAs, some in the Index-Linked Savings Certificates, some in savings accounts.

What should I do? I don't want my money to become worthless.

I am hoping to move to America by the end of the year (I work over there quite a lot) - should I get all my money out now and over there?

I know a lot of people will say the US is in a worse state than the UK but having been over there recently, there is nothing like the chaos going on here with shops closing down. It seems to be way worse and more accelerated here in the UK.

Help - I don't have a mortgage, pay off my credit cards each month and have saved for the past several years. I am gutted that it seems those of us who have been prudent are now being penalised.

What should I do to make sure my savings don't become worthless if this ridiculous excuse for a government does decide to print more money (euphemism = quantative easing)? Is taking my money abroad the best option??

Help!

In a deflationary environment zero percent interest on savings is still good - at least you havent lost money like investing on the stock market. Obviously in an inflationary market that is a different issue.

McSaver

wombat42 wrote: »

In a deflationary environment zero percent interest on savings is still good - at least you havent lost money like investing on the stock market. Obviously in an inflationary market that is a different issue.

Deflation??? I thought that only happens with balloons.

If deflation occurs in the UK then it would only mean that value of my savings would actually increase invalue of terms of buying power.