one-million pound banknote

purch

does that mean prices are actually going down?

It is value that you should concentrate on, not price. The price is just a number.

The Purch

lvader

TruckerT wrote: »

o really? that's new...

does that mean prices are actually going down?

i don't wish to disagree with you, it's refreshing to find someone who does not toe the media line, but i reckon that we need to find a new word to describe the current relationship between prices and wages - i already suggested, on another thread, the word 'punctured'

TruckerT

We currently have highish inflation, but the fight for some time has been against deflation. That is the biggest risk/evil.

heathcote123

TheEnigma wrote: »

we have deflation now not inflation

Yup, it's really annoying - whenever I try and buy anything or pay a bill it's gone down. All this surplus cash makes my trouser pockets bulge in an unseemly manner.

heathcote123

lvader wrote: »

We currently have highish inflation, but the fight for some time has been against deflation. That is the biggest risk/evil.

Nope, thats what they want you to think so you let them get away with printing lots of new money & screwing you.

Andy_L

The Scotish & N.Irish banks actually hold £1 million pound banknotes in order to allow them to print their own Stirling

Loughton_Monkey

Andy_L wrote: »

The Scotish & N.Irish banks actually hold £1 million pound banknotes in order to allow them to print their own Stirling

I believe that the Scottish and Northern Irish banks are so bent, they could change a £9 million note for 3X £3 million ones.

TruckerT

purch wrote: »

Just like the first tranche of QE did :eek:

The Purch

The first tranche was pocketed by the banks - there is no guarantee that a new tranche will not go the same way

TruckerT

TruckerT

lvader wrote: »

We currently have highish inflation, but the fight for some time has been against deflation. That is the biggest risk/evil.

We don't have inflation, we have rising prices - wages are lagging way behind - i said on another thread that it is possible that rising prices are successfully preventing a free-fall in wages - there is not really much of a 'fight' going on at all - BoE has no useful tools, and, apparently, we cannot barter with the oil/gas producers because they are not British...

TruckerT

TruckerT

Andy_L wrote: »

The Scotish & N.Irish banks actually hold £1 million pound banknotes in order to allow them to print their own Stirling

I hope they manage to spell it correctly - it would be a tragedy to have to burn a skip-load of £1million pound banknotes...

TruckerT

TruckerT

I am impressed that posters on this thread have seriously suggested that we do not currently have a problem with inflation

I have been trying to suggest on several threads recently that the inflation word does not describe our present situation, but neither does the deflation word - prices and wages are moving apart - when did this last happen? What was it called?

TruckerT