Inflation to rise dramatically?

Gorgeous_George

Does today's announcement (link) that NSandI are withdrawing index linked savings accounts signal an imminent rise in RPI. This follows on from the ConDems linking pensions to CPI rather than RPI - easier to fiddle?

GG

purch

Yes the variety of products offered by National Savings & Investment have always signalled movements in the rate of Inflation.

mbga9pgf

More of a sign that retail banks are seriously hurting for deposits and the NS&I scheme is hardly helping matters; the bond market has now stabilised and as long as the govt take a scythe to public spending, we arent going to struggle with future sales.

nearlynew

Inflation is theft.

Governemnents and bankers are lying f*cking thieves.


Put the 2 things together and you have the reason as to why this is happening.

Exocet

My conspiracy guess is the government needs spending not saving. So withdraw an attractive product.

chris_m

nearlynew wrote: »

Inflation is theft.

Why do you say it's theft - it's purely and simply due to costs increasing due to a multitude of reasons, none of them theft.

For example, if goods come from abroad and the exchange rates change to our detriment so does the price.
Now, the goods need moving from a port to the shops but, wait, the cost of fuel has gone up - so does the price of the goods to cover that cost.
Now, the truck drivers want, and get, a pay rise - so the cost of transport goes up and so does that price of the goods.
Now, the shop workers want, and get, a pay rise, etc., etc.

Where's the "theft" in that group of scenarios, then?

StevieJ

chris_m wrote: »

Why do you say it's theft - it's purely and simply due to costs increasing due to a multitude of reasons, none of them theft.


Where's the "theft" in that group of scenarios, then?

It will be from that Austrian special school that he attends

drc

So pleased I persuaded my husband to invest in these in May :j.

Exocet

drc wrote: »

So pleased I persuaded my husband to invest in these in May :j.

I'm slightly less pleased that I was just about to.

CLAPTON

chris_m wrote: »

Why do you say it's theft - it's purely and simply due to costs increasing due to a multitude of reasons, none of them theft.

For example, if goods come from abroad and the exchange rates change to our detriment so does the price.
Now, the goods need moving from a port to the shops but, wait, the cost of fuel has gone up - so does the price of the goods to cover that cost.
Now, the truck drivers want, and get, a pay rise - so the cost of transport goes up and so does that price of the goods.
Now, the shop workers want, and get, a pay rise, etc., etc.

Where's the "theft" in that group of scenarios, then?

there are several causes of inflation; changes in the terms of trade, changes in exchange rates, genuine scarity etc etc

however, one is monetary inflation; the sort that arises due to printing money e.g. germany on the 1920, Uk in the 1970s, Zimbabwe etc etc the effect is a transfer of wealth from people who lend to those who borrow ...i.e. theft.

we have been printing money (quantative easing) like there is no tomorrow

chucky

nearlynew wrote: »

Inflation is theft.

Governemnents and bankers are lying f*cking thieves.


Put the 2 things together and you have the reason as to why this is happening.

The price of olive oil could soar because Greek producers are stockpiling their product due to fears about the state of the country's economy, importers have warned.

http://www.google.com/hostednews/ukpress/article/ALeqM5jKZ1Q7_biwsZs03MVPEmlI1SOHWQ

it's not just the government or the bankers