The Masked Tulip Posted September 1, 2013 Share Posted September 1, 2013 BOE shadow monetary lot think that Carney plan to keep IRs low for several years yet will lead to inflation and disaster as public stop worrying about IRs rising. Savers continue to be screwed. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 1, 2013 Share Posted September 1, 2013 BOE shadow monetary lot think that Carney plan to keep IRs low for several years yet will lead to inflation and disaster as public stop worrying about IRs rising. Savers continue to be screwed. IMO Carney is just a highly paid fall guy, PTB know rates will be rising, they are just conducting a panto to deflect blame and keep the sheeple spending what little they now spend. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted September 1, 2013 Share Posted September 1, 2013 BOE shadow monetary lot think that Carney plan to keep IRs low for several years yet will lead to inflation and disaster as public stop worrying about IRs rising. Savers continue to be screwed. Murderous levels of inflation are 100% guaranteed. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 1, 2013 Author Share Posted September 1, 2013 Murderous levels of inflation are 100% guaranteed. I think we are already seeing it start in food, fuel and HPs. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 1, 2013 Share Posted September 1, 2013 I think we are already seeing it start in food, fuel and HPs. They probably said that in Japan 20 years ago? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 1, 2013 Share Posted September 1, 2013 I read this as; Rates are going to rise, PTB want to pretend to the masses that think they have control that they are in control, so they say "Rates must rise or there will be a disaster". Quote Link to comment Share on other sites More sharing options...
SuperChimp Posted September 1, 2013 Share Posted September 1, 2013 Savers continue to be screwed. They are screwing themselves by keeping their savings with the very financial institutions that caused this mess. They should chase better returns elsewhere. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 1, 2013 Share Posted September 1, 2013 They are screwing themselves by keeping their savings with the very financial institutions that caused this mess. They should chase better returns elsewhere. Where for example? Stocks? Quote Link to comment Share on other sites More sharing options...
Monkey Posted September 1, 2013 Share Posted September 1, 2013 I read this as; Rates are going to rise, PTB want to pretend to the masses that think they have control that they are in control, so they say "Rates must rise or there will be a disaster". This, justifying it before it happens, plus they will use it to guage public response. The sheeple wouldnt understand otherwise Quote Link to comment Share on other sites More sharing options...
frederico Posted September 1, 2013 Share Posted September 1, 2013 If I was in power, I would do the same, you don't want reality to bite on your watch. Cutting to the level required, or indeed printing is just not acceptable. So watch the debt rise instead. Quote Link to comment Share on other sites More sharing options...
SuperChimp Posted September 1, 2013 Share Posted September 1, 2013 Where for example? Stocks? Keeping their money in the banking system feeds the very system that is screwing them over. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted September 1, 2013 Share Posted September 1, 2013 (edited) This is starting to get a bit more interesting. In terms of politics and economics the longer rates are left low, the greater the political consequences of raising rates. What is interesting is that these days politicians seem to be hell bent of wriggling, squirming and generally putting off any major decision (esepcially one that might bring on hardship) because it may make them unpopular and therefore unelectable. In order to stop the interference of politicians, setting the interest rate has been moved to a "nominally" politically independent institution. This institution could well be the most powerful in the UK - at the moment it seems to me like has the ability to decide who wins the next election (or at least who loses it). Of course it is the Tories fault that the BOE got to this position. Because if they had had a clean out of the zombie debtors and not reflated the housing bubble then the political impact of raising rates would not be so severe. Edited September 1, 2013 by Gigantic Purple Slug Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 1, 2013 Share Posted September 1, 2013 Keeping their money in the banking system feeds the very system that is screwing them over. Hence the reason I asked where else to put it. Quote Link to comment Share on other sites More sharing options...
SleepyHead Posted September 1, 2013 Share Posted September 1, 2013 Get ready folks. It's coming, and nothing can stop it now. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 1, 2013 Author Share Posted September 1, 2013 Get ready folks. It's coming, and nothing can stop it now. What? You reckon another Soros like attack on the UK economy? Quote Link to comment Share on other sites More sharing options...
Monkey Posted September 1, 2013 Share Posted September 1, 2013 If I was in power, I would do the same, you don't want reality to bite on your watch. Cutting to the level required, or indeed printing is just not acceptable. So watch the debt rise instead. Its a tough one, do you want to be remembered by high inflation fueled by historicly low IRs and money printing, leading to high inflation, meaning people cant afford the basics Or As the guy who raised IRs to control inflation, but forced people out of their homes Its a choice betweens a country who can afford either bread or buying houses Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted September 1, 2013 Share Posted September 1, 2013 If I was in power, I would do the same, you don't want reality to bite on your watch. Cutting to the level required, or indeed printing is just not acceptable. So watch the debt rise instead. So they play pass the parcel bomb. Quote Link to comment Share on other sites More sharing options...
SuperChimp Posted September 1, 2013 Share Posted September 1, 2013 Hence the reason I asked where else to put it. Buy land. Precious metals. Stocks. Shares. Property. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted September 1, 2013 Share Posted September 1, 2013 They probably said that in Japan 20 years ago? They always say Japan exported its inflation, whatever that means. Presumably the carry trade or something. I guess not a problem here as Mrs Watanabe Smith has no savings to export in search of better returns. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 1, 2013 Share Posted September 1, 2013 Buy land. Precious metals. Stocks. Shares. Property. I have opted to put most of my money with Triodos bank, because they seem to be a bit different to the mainstream banks in their philosophy, am I right or wrong to do this? Are they still part of the problem? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 1, 2013 Share Posted September 1, 2013 They always say Japan exported its inflation, whatever that means. Presumably the carry trade or something. I guess not a problem here as Mrs Watanabe Smith has no savings to export in search of better returns. So I believe, helping fuel the mortgage loans that Mrs Smith took out? Quote Link to comment Share on other sites More sharing options...
SuperChimp Posted September 1, 2013 Share Posted September 1, 2013 I have opted to put most of my money with Triodos bank, because they seem to be a bit different to the mainstream banks in their philosophy, am I right or wrong to do this? Are they still part of the problem? Never heard of them but I will have a look. Quote Link to comment Share on other sites More sharing options...
John The Pessimist Posted September 1, 2013 Share Posted September 1, 2013 I have opted to put most of my money with Triodos bank, because they seem to be a bit different to the mainstream banks in their philosophy, am I right or wrong to do this? Are they still part of the problem? Move your money out now! Do not question why! Do not ask where! Just do it! Why? Because somebody you've never met said so. It's a bit like listening to Moneybox on R4. There's only 1 thing you can believe on the Internet, Do Your Own Research! Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 1, 2013 Share Posted September 1, 2013 Its a tough one, do you want to be remembered by high inflation fueled by historicly low IRs and money printing, leading to high inflation, meaning people cant afford the basics Or As the guy who raised IRs to control inflation, but forced people out of their homes Its a choice betweens a country who can afford either bread or buying houses No it's far worse than that, if he increases interest rates he wipes out the banks and the taxpayers won't be able to afford the losses. The only strategy they have got is to keep hoping it becomes someone else's problem or we have another boom in a different sector to plug the hole. If interest rates raise it will also trigger a sovereign debt crisis as well. The choice is do we want to be fecked, double fecked or completely air tight fecked. Neither option is politically appealing. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted September 1, 2013 Share Posted September 1, 2013 (edited) Get ready folks. It's coming, and nothing can stop it now. Well first time I have seen that and at 8min`s in there it was we cant raise interest rates because of house prices ,which they recokon was the sart of the silippery slope 33min in comedy gold from the horse`s mouth ,and these pepole were in charge of the country Edited September 1, 2013 by long time lurking Quote Link to comment Share on other sites More sharing options...
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