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A.steve

Are Policy Makers Looking For An Economic Excuse?

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Economic meltdown scenario piles pressure on Russia and the west
Policymakers dread slump in Russia – from further sanctions by the west – would trigger another global economic meltdown

http://www.theguardian.com/business/2014/jul/22/economic-meltdown-scenario-piles-pressure-on-russia

I wonder, are we going to see spiralling oil prices causing CPI/RPI to rise abruptly... justifying a rise in interest rates... without having to admit that previous monetary policy was bonkers?

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that previous monetary policy was bonkers?

The previous monetary policy is not bonkers, if you are a banker, asset rich or the tax man.

What is bonkers is that the other 60 million people in the country have let them get away with their wealth transfer/theft.

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We are run by idiots. If we revolt history shows we just end up with new idiots and the cycle starts again.

How very true.

We don't need a revolution, we need an evolution, but for that we need men of vision, strength and decency. Those seem to me to be sadly lacking in today's society.

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The previous monetary policy is not bonkers, if you are a banker, asset rich or the tax man.

What is bonkers is that the other 60 million people in the country have let them get away with their wealth transfer/theft.

While exceptionally low interest rates make sense for bankers, the asset rich and (perhaps) the tax man... The policy wasn't 'low interest rates' per se... The policy was to target CPI and to issue "transparent" guidance.

Edited by A.steve

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http://www.theguardian.com/business/2014/jul/22/economic-meltdown-scenario-piles-pressure-on-russia

I wonder, are we going to see spiralling oil prices causing CPI/RPI to rise abruptly... justifying a rise in interest rates... without having to admit that previous monetary policy was bonkers?

In 2010 RPI was over 5% but the base rate stayed at 0.5%. Since then they have stoked up more mortgage debt.

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http://www.theguardian.com/business/2014/jul/22/economic-meltdown-scenario-piles-pressure-on-russia

I wonder, are we going to see spiralling oil prices causing CPI/RPI to rise abruptly... justifying a rise in interest rates... without having to admit that previous monetary policy was bonkers?

Sanctions on Russia, growing trouble in the Middle East - it's easy to see that there might be a supply shock, in addition to current supply not being able to meet current needs.

So yes, if the oil price spiral, that will preoccupy the public and the talking heads and nobody need ever mention the QE and the derivatives.

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Seems to me that there has been a slow and steady ramp-up of anti-Russian propaganda in the media, starting months before the Sochi Winter Olympics. During which we had the violent overthrow of a pro-Russian Regime in Ukraine, by pro-Western elements. The timing of this 'revolution' to coincide with Sochi was hardly coincidental.

And when that coup didn't achieve the goals of a total realignment of Ukraine, we've had an ever more aggressive ramping up of tension and propaganda since then.

The only question is, is this dangerous escalation resulting from attempts to push the only partially successful regime change operation all the way (with things therefore spiralling totally out of control) .. or was the goal of a wider conflict in the works from early on and we are just progressing according to someone's plan?

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Seems to me that there has been a slow and steady ramp-up of anti-Russian propaganda in the media

It's been bad for years, but yes, the level of anti-Russia propaganda has become absurd in the last few months/weeks. Quite apparent that there is an agenda being played out.

Ukraine is just another round in the match. The country itself is irrelevant to the West/US (although, like Syria, it is a strategic location). The game is all that matters.

Edited by Errol

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We are run by idiots. If we revolt history shows we just end up with new idiots and the cycle starts again.

No I can't agree entirely.....idiots is the wrong word, whoever it is cannot wave a magic wand of utopia...because there are no right answers, or right policy that would suit all.....like a game of chess, you make the right move and others change their position to change the outcome.....we are only a small piece of a larger picture....there is none that has overall power or control......all we can do play as a team. ;)

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