BoomBoom Posted March 26, 2007 Share Posted March 26, 2007 but this government would have us believe that making it up in the form of credit is good. Just how much can money supply be inflated? If credit is fundamentally the sale of future labour, then a good many people in this country will need to find a way to be productive post mortem. Quote Link to comment Share on other sites More sharing options...
laurejon Posted March 26, 2007 Share Posted March 26, 2007 Would it not be fair to say that in printing money we are devaluing our currency?. So in real terms, the additional money supply is causing inflation, yet our wages are not going up so in real terms we are now all worse off. To keep on subject, inflation has run at over 400% since labour took power, simply because it now takes 8 times the average salary to purchase a house, President Mugabe would be proud of Gordon and Tony!!!. Quote Link to comment Share on other sites More sharing options...
lets get it right Posted March 26, 2007 Share Posted March 26, 2007 Would it not be fair to say that in printing money we are devaluing our currency?.So in real terms, the additional money supply is causing inflation, yet our wages are not going up so in real terms we are now all worse off. To keep on subject, inflation has run at over 400% since labour took power, simply because it now takes 8 times the average salary to purchase a house, President Mugabe would be proud of Gordon and Tony!!!. Yes the 'White Farmers' or in this case young, indigenous people who might otherwise expect at least a similar lifestyle to their parents, are being forced 'off the land' and into rented accommodation. No wonder Blair and co will not do anything about Mugabe, they are clearly admirers. Quote Link to comment Share on other sites More sharing options...
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