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Noginthenog

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About Noginthenog

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  1. Not yet! What about wage inflation? If (printed QE) money flows into industry and production doesn't that mean more people working and earning better money than being stuck on benefits and part time jobs? 
  2. I think DB may well have called this right, Gold rising in price as you would expect as inflation is picking up around the world in the real economy. But Gold is the tail of the beast, crude oil is the head. It's the oil price that will rise up and then crash this economy, with many calls for a future price of $15 a barrel. (What price then for the BP's, Shell's of this world?) At that point will we see Gold at $800??? Personally I can't read these distorted markets, throw in Cryptos and the picture is even cloudier! I believe in Gold, it exists, it doesn't require a network to exist and you can hold it in your hand. I will always hold some and probably some of the companies that do the "proof of work" to mine it out the ground, it is the money of last resort. I don't believe that the economy can withstand +$100 oil for long..... Was $1360 the peak for gold before the deflation???
  3. Firstly let me say I have no answers here, only more questions! Regarding the chart above one point about that time period is that we were on a Gold Standard. Well I say we, I mean the reserve currency was (USD:$). We are in a very different place now, and I'm not sure which way this is going... Is it going to implode or explode? I see lots of logic in durhamborn's view, but I certainly see a time where the USD (along with other western currencies) crashes in value against emerging market currencies causing significant inflation. I'm hedging Property (no debt) 25%, Equities in ISA 20%, Gold Miners in ISA 5%, Gold allocated 5%, Cash some in ISA's 35%, Pension, probably mostly bonds 10%.
  4. By an extension of this logic one should never vote for anyone not likely to win? Flip side is then possibly that if 'they're' going to win anyway what's the point of voting, or adding to their majority? (imho) All that matters is that you vote, but I believe in push and pull politics. If TPTB start to see more and more votes going for the Greens they are likely to adopt some policies that the Greens have done the hard work on in order to pull those votes back. Cracking example here is UKIP. One MP but 18% of the vote in 2015 GE (I think). Knowing this would be a worse outcome if nothing was done Tories offered the referendum. I'm not saying that's a good or bad thing, but rather an example of how policies from a minority party can create policy in the main parties. I so agree with this! In fact I think there should be a law to force you to vote, but there should also be an 'abstain' option. I would never vote 'tactically', but I also take the view that policies from a minority party can be adopted by major parties. At the moment I'll vote for anyone, except the Tories or Labour. Stop voting for a Party you don't really want!!!! More QE would probably keep the show on the road. But as per another thread, the next batch of QE may come too late.....
  5. The empty house says it all sadly. No one in there really cares and a big proportion of politicians seem to be very well connected to the big banks and financial institutions, so will they want to go back to sound money? Hell, the political class didn't want Brexit, hence the political furore there! Agree with this, and in the population at large 99% don't understand how the financial system now works to extract wealth from the majority. Using todays RPI inflation figures and current savings rates, in a little over 20 years half of my capital will if left as money have been transferred back into the financial system. Poverty by a thousand cuts! Unfortunately I think the system is FUBAR, and it won't be reformed by UK politicians, but probably Chinese ones.... I did not mention Crypto as there's another relevant thread, however I think the idea of a decentralized currency is definitely on the agenda. Probably a good idea to have your toes in the water....
  6. http://www.telegraph.co.uk/business/2018/02/09/market-volatility-not-return-2007-bank-england-deputy-governor/ Our great leaders has spoken and we have nothing to fear. The huge stimulus (debt) that Western democracies amassed since 2007 to deal with the original debt problems that caused the credit crunch in that decade will not create another crisis. I'm sure they are right of course. I agree this week’s stock market volatility is not a foreshadowing of a crash like that seen in 2007, it may not be foreshadowing anything at the moment. But at some point it will create a crash that is different and far worse than 2007....
  7. Just watched the ex Carillion directors at the Work and Pensions committee on C4 news. It reminded me of the former big four bank bosses after the financial crisis of 2008 saying how 'sorry' they were. Do these people have any morals? I don't know why I'm asking the question as clearly they don't. They are going to walk away with their wealth stolen from what (like 2008) is clearly a crime scene.
  8. That is a brilliantly worded, straight to the point, and politically correct analysis..... Thieving s---s!
  9. I mentioned the Money Box podcast yesterday in another thread; I have to say, just listening to these bare faced liars, free market economics my ....
  10. Glad someone else agrees, it was just staggering some of the nonsense this guy was peddling...
  11. Precisely! After years of manipulating low interest rates, Free market capitalism failed in 2008. There was a really interesting edition of Money Box yesterday with Ben Broadbent Deputy Governor of the Bank of England taking calls and answering questions on the actions of the BoE and the reason for QE. I could not believe some of the utter tosh this handsomely paid (by us!) official came out with... http://www.bbc.co.uk/programmes/b09kq1cg To quote at 8:30; So in effect we don't really know what we're doing..... To quote at 10:10; Really!! It's worth a listen, but what he's really saying is we can't have free market capitalism. The end game of that will be a currency collapse to my mind...
  12. I suppose we all naturally look for comparisons in history, but it's important to bear in mind that the last great depression of the 1920's to the 1930's was born in a 'gold standard' era. We have since been in a 'fiat' era, but that might just be about to fall apart....
  13. Or maybe it's because they know what's coming, the end of Copper coins. Get us used to £7, then the next increase will be £7.20p. The government was close to getting rid of 1p and 2p coins recently, it's just a matter of time.
  14. I think DB may well have called this right, Gold rising in price as you would expect as inflation is picking up around the world in the real economy. But Gold is the tail of the beast, crude oil is the head. It's the oil price that will rise up and then crash this economy, with many calls for a future price of $15 a barrel. (What price then for the BP's, Shell's of this world?) At that point will we see Gold at $800??? Personally I can't read these distorted markets, throw in Cryptos and the picture is even cloudier! I believe in Gold, it exists, it doesn't require a network to exist and you can hold it in your hand. I will always hold some and probably some of the companies that do the "proof of work" to mine it out the ground, it is the money of last resort.
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