Protect against UKGOV savings confiscation

lvader

JohnRo wrote: »

You don't want to hear anything that might shatter your illusions then, understood.

I listen to all the arguments and make educated decisions based on what I hear. This is how I was able to predict the Silver price hitting $50 then crashing, from the available data this was pretty obvious.

lvader

Glen_Clark wrote: »

Why?
................

The basic problem is that inflation and growth are pretty much interlinked, you very rarely have one without the other. So when inflation dips below 2% the people with the money put on hold investments that creates new jobs.

pip895

Inflation hurts cautious often middle income investors/savers. Those at bottom aren't much bothered and those at the top know how to play the market - or pay someone to do it for them.

lvader

You could have highish inflation but with cash investments beating stocks and inflation. It depends...

Glen_Clark

lvader wrote: »

The basic problem is that inflation and growth are pretty much interlinked, you very rarely have one without the other..

So why stop at 2% inflation
(or 8% made out to be 2% by manipulating the CPI figures)
Why not have 20% or more ?

lvader

Some economic professors have said the ideal would more like 4%, more than that things can get out of control pretty quickly. Again you won't find anyone (educated) arguing high inflation is a good thing. Everything in moderation.

JohnRo

It all boils down to power, privilege and control, who has it and who needs to be prevented from gaining access. You have governments trumpeting freedom and market forces at every opportunity yet engaged in empowering a banking sector built on corruption and manipulation on a truly monumental scale.


"Economics is extremely useful as a form of employment for economists."
John Kenneth Galbraith

bigadaj

Glen_Clark wrote: »

Where do you think the money is coming from to buy up £5m London houses?
Property ownership in England is so opaque, the Government so obsessed with keeping house prices high, it makes it a good place for foreigners to put dodgy cash.
But at least the dodgy foreign cash buying all these houses is propping up the pound. For now.

Partially but it's got to go through a slightly better laundry to make it into the uk. There was some talk from the Tories about clarifying ownership and property purchases from overseas in london as many go through numerous companies registered ina. Range of exotic locations, and upping taxation on london proterty purchase, or at least getting some given the way it is avoided with overseas companies, would be useful.

Glen_Clark

bigadaj wrote: »

Partially but it's got to go through a slightly better laundry to make it into the uk. There was some talk from the Tories about clarifying ownership and property purchases from overseas in london as many go through numerous companies registered ina. Range of exotic locations, and upping taxation on london proterty purchase, or at least getting some given the way it is avoided with overseas companies, would be useful.

I saw a Panorama programme on the huge amount of unpaid council tax in London. The council coud not find out who these properties belonged to in order to send the bill - usually some obscure foreign trust. So if they can't find out who owns it I don't know how they could have found out where the money came from to buy it.
Of course if they were as tough on property owners as they are on motorists or benefit claimants they would seize the property in lieu of council tax, but they never did. Its the establishments benign attitude towards mysterious foreign property owners that is making London so popular and expensive. Its also temporarily propping up the pound.

Glen_Clark

lvader wrote: »

Some economic professors have said the ideal would more like 4%, more than that things can get out of control pretty quickly. Again you won't find anyone (educated) arguing high inflation is a good thing. Everything in moderation.

Well I am still none the wiser because you haven't explained why inflation is so good, or why higher inflation is not better.
In the days when Britain had the world's biggest and strongest economy, inflation was practically unheard of.