Protect against UKGOV savings confiscation

Jegersmart

talexuser wrote: »

Badly worded for effect, I meant compared to afterwards. Inflation in the 50s to 60s was low and a non issue compared to the oil price crisis times of the 70s and economic woes of the 80s. Only in the 2000s did we achieve comparable low inflation rates, the difference was that in the 50s and 60s there was full employment and increasing prosperity.

Inflation around 2% in normal times never worried people before, only now with limited pay rises and long time 0.5 base rates is it an issue with the spectre of QE unwinding - or never unwinding.

Inflation is only one of many factors involved. Increased inflation because we have to bail out banks by printing money sticks a little more in the throat. Salaries flat because of past excesses are taking their toll slowly. Too much debt in the system is worrying. Times are very different to what they used to be and for people with kids it will get even more so for them I suspect.

The system is starting to come apart, it will be interesting to see how they (central banks, governments) can apply sticking plasters to keep things going when the injury is more akin to a perforated jugular vein and plasters are about as useful as a chocolate frying pan.

Duping the masses is a key part of the process, they need to buy time to see if they can inflate their way out of this through stealing from us without us knowing it. Perhaps the masses will get wise in this digital age, the internet is there for us to try to form communities and potentially take action.

imho
J

talexuser

kidmugsy wrote: »

Our standard rate of national insurance is (if memory serves) 12% from the employee and rather more from the employer. That adds up to more than 20% doesn't it?

But that is just general taxation here and is not ring fenced for the pension as much as in Germany. Much like our road tax is not spent much on roads.

Glen_Clark

Jegersmart wrote: »

It is irrelevant who is "elected" - money is the king in this system - politics is a sideshow.

Additionally, labels such as "labour", "conservative" as well as "christian" and "muslim" are just dividing all humans. It is the most efficient way of controlling societies ever invented (so far).

I notice you had a bunch of thanks against this post which dismays me. People need to start thinking about the bigger picture and not get mired in the small irrelevant details such as these.

imho
J

Certainly there is little to chose between the 2 main parties, its just to give us an illusion of democracy.
I suggest vote for the person rather than the party, and if that person doesn't belong to any party so much the better.
If you can't be bothered to vote you deserve whatever politicians you get.

bigadaj

talexuser wrote: »

But that is just general taxation here and is not ring fenced for the pension as much as in Germany. Much like our road tax is not spent much on roads.

Do you have any evidence of that ring fencing in Germany as it definitely doesn't do so here. That would be a critical point as if it is then Germany continues to look very strong, if those future increasing number of pensioners being paid large state pensions are relying on younger generations then their ageing problem makes things look pretty bad.

Glen_Clark

Jegersmart wrote: »

buy time to see if they can inflate their way out of this through stealing from us without us knowing it.
J

They have been buying time with negative real interest rates for 5 years. Robbing savers is the very opposite of what is needed in the long term - we need to encourage people to save so they can provide for themselves.
If thats not bad enough the time they have bought has been frittered away and wasted, the fundamental problems remain. Now Osborne is making them worse with a taxpayer subsidy of sub prime mortgages to pump up house prices - the very thing that caused the financial crisis in the first place!!!!!

atypical

talexuser wrote: »

But that is just general taxation here and is not ring fenced for the pension as much as in Germany. Much like our road tax is not spent much on roads.

The Melbourne Mercer Global Pension Index rates a country's pension system on adequacy, sustainability and integrity. The UK is rated higher than Germany.

http://www.globalpensionindex.com/country-summaries-2/

Thrugelmir

kidmugsy wrote: »

Our standard rate of national insurance is (if memory serves) 12% from the employee and rather more from the employer. That adds up to more than 20% doesn't it?

Brown vowed not to raise income tax. Instead raised national insurance. About time NI and Paye were merged, and the system simplified.

kidmugsy

Thrugelmir wrote: »

Brown vowed not to raise income tax. Instead raised national insurance. About time NI and Paye were merged, and the system simplified.

Since the sweeping reform of the State Pension relies on National Insurance records, that seems unlikely in the short term. In the long term, who knows?

lvader

Glen_Clark wrote: »

Why does Britain always suck up to America 3000 miles away and shun its next door neighbors in Europe 20 miles away?

I could also point to times even before the crisis where the pound was weaker against European currencies than it is now. Currencies go up and down.

JohnRo

lvader wrote: »

Currencies go up and down.

They swap places chasing each other for the lead, in the race to the bottom.