Monday, Oct 27, 2008
More Of The Same From 'Mr Prudent'
MSN: Brown hints at further joint rate cuts
So he has found a way round the independant bank, just get everyone to cut rates together then inflation, and currency problems do not matter!
Posted by waitingfor hpc @ 12:46 PM (299 views) Add Comment
3 Comments
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1. Rimmer said...
Inflation last week had probably dropped to less than 10%, sadly oil production will be drastically cut as the greedy oil companies have been used to large profits, the £ has plummeted making imports ( which is basically everything cheap ) expensive .
They will cut rates but it will lead to longer term pain - Why on earth do they think as is banded around its worked in the US? the USA is bankrupt and owes something like $100000 per family as a national debt, horse and bolted springs to mind.
I still belive its short lived and rates with HAVE to be raised to support the £, its in-evitable
2. shipbuilder said...
The ideal scenario for the rich/powerful is that all currencies devalue together - then wealth is not transferred between countries, but simply from the people of the world to the rich and powerful of the world.
3. japanese uncle said...
It will literally obliterate GBP once and for all.