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Britain's Inflationary Debt Spiral as Bank of England Keeps Expanding Quantitative Ea
Comments
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................. but why would a totalitarian government want to stop me buying a pint?
They do not want you congregating and meeting like-minded people.
"Pint of speckled hen please".
Barman swipes card and says..............
I'm sorry mr cleaver, I can't serve you.
You have exceeded your 20 unit weekly limit."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
They do not want you congregating and meeting like-minded people.
Why not?"Pint of speckled hen please".
Barman swipes card and says..............
I'm sorry mr cleaver, I can't serve you.
You have exceeded your 20 unit weekly limit.
Yeah, I can see that one actually. Good point well made.0 -
Why not?
Because you might discuss issues of the day and form alliances around your beliefs.
A fractured society where everyone is wary of eachother and doesn't congregate is much easier to control.
The smoking ban is a good example.
Why have the government got it in for pubs?
Is it out of concern that people are drinking too much?
No, they don't give f*ck about your health. Otherwise they would be simultaneously clamping down on supermarket sales of cheap booze."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
I think there is likely to be a strong correlation between the youth of posters and the certainty of their views.
Or the utterly insane.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
There is just one flaw in that entire argument listed above, if it is true that moneterising debt and quantitive easing leads to hyperinflation, then surely thats what we should be seeing in Japan? They have been running this kind of program for close to 20 years and yet they havent seen anything of the sort. In fact they are slipping further into deflation as we speak. So if someone can explain the difference in case I am missing something.Please remember other opinions are available.0
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Because you might discuss issues of the day and form alliances around your beliefs.
Our society does this already doesn't it?
Look, this probably isn't a debate really worth having. I'll say that I feel kinda free already and that our government would never be that organised to control our lives folly and you'll say that I just can't see what's happening. Which is fine, we can differ.The smoking ban is a good example.
Why have the government got it in for pubs?
I like the smoking ban. It stops my clothes smelling of smoke and makes pubs a more pleasant place to be. Good pubs that evolve and offer good products will survive, the others will go by the wayside. We don't need the level of pubs we used to have anyway as we drink less (on the whole) as a nation than we did thirty or forty years ago. Sad but true.
Anyway, 'Life' is on BBC 1 now so I'm off to watch that.0 -
OK in the interest of a balanced argument here is the article rebuking the above from Mike Shedlock mentioned in the article.
http://globaleconomicanalysis.blogspot.com/2009/11/dubai-defaults-deflation-in-action.html
and a further from him on Japan and Gold
http://globaleconomicanalysis.blogspot.com/2009/12/gold-and-silver-soar-as-bank-of-japan.html
Hyperinflation is still a long long way off, in fact I would say we are in more danger of a deflationary crash that hyperinfation. we simply have too much spare capacity and too much debt still, until all the debt has been paid off then monetary inflation will not rear its ugly head.Please remember other opinions are available.0 -
.... we simply have too much spare capacity and too much debt still, until all the debt has been paid off then monetary inflation will not rear its ugly head.
I think you have to be careful with that argument, Zimbabwe had significant spare labour capacity and that didn’t stop it having hyperinflation.0 -
Efficient societies require the faith and belief of their members and a diffuse power base to work. Suspicious of theories involving increased concentration/centralization of power because overt power is a hallmark of weaker societies don't see why any elites would want to move in this directionPrefer girls to money0
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