Sunday, Apr 05, 2009
Our real suffering lies here.....Inflation destroys all
Daily Telegraph: Breaking the silence before the inflation tsunami
"You must be the only person worried about inflation, Liam". So I was told on Newsnight last week – by someone who's spent four of the last five years in the cabinet......This scares me on more levels than I care to mention, not least the deafening silence............
Posted by marvin @ 08:15 PM (358 views) Add Comment
3 Comments
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1. Tom101 said...
Had exactly same feeling when i watched the interview.....
Oh my God why are they looking at Halligan like he is some lunatic and why is Paxman wetting himself at Halligans obvious concern.....
2. inbreda said...
"If I'm the only one worried about inflation, why does the latest report of the Bank of England's pension scheme show it recently changed it allocation of index-linked instruments – the ultimate anti-inflation hedge – from 25pc to more than 70pc of its portfolio?"
Is it just me or does this prove (almost) absolutely that the BoE know exactly what they are doing (or about to do) to the british public? Shouldn't this fact be advertised from the rooftops so that when the destruction comes everyone will know that it was organised to be that way. This is the kind of evidence that should prompt the gallows to be dusted down in preparation. Why is this not splashed across every newspapers front page?
3. Lucas said...
All the empirical evidence shows large increases in money supply lead to higher inflation. And once inflation starts it's very hard to control. That is what will kill of the UK Eonoomy within a couple of years, much higher interests rates and we will have negative/stagnant growth for years to come (depression), exactly the opposite of what this policy is trying to achieve.