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Monetarists Warn Of Crunch Across Atlantic Economies

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The money supply data from the US, Britain, and now Europe, has begun to flash warning signals of a potential crunch. Monetarists are increasingly worried that the entire economic system of the North Atlantic could tip into debt deflation over the next two years if the authorities misjudge the risk.

http://www.telegraph.co.uk/money/main.jhtm.../cnmoney111.xml

the great debt crisis.

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So it seems we may be heading for what a lot on here think. Short term high inflation followed by years of deflation - aka Japan.

has my simple brain understood correctly.... :blink:

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A.N.D. a Great calamity will befall man after which he will reach for the stars. RevelationS.

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So it seems we may be heading for what a lot on here think. Short term high inflation followed by years of deflation - aka Japan.

has my simple brain understood correctly.... :blink:

1930s US etc...

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1930s US etc...

Not quite.

Up until 1933, the US was still (pretending to be) on a Gold standard. It was only after Roosevelt confiscated all the Gold that the inflation monster was allowed to continue (ie printing money backed by nothing).

This time there is nothing to stop the inflation monster.

Of course, if you price things in Gold, then you are seeing quite severe deflation at the moment (just like the 30s), but anyone expecting deflation in terms of USD, GBP etc is in for quite a shock!

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Credit isn't money.

Given the current levels of deficit spending, deflation is definately not something you should be worrying about.

credit and debt is money, when you work your given money a credit on your labour.

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The money system is collapsing all around you, just most can't see it.

Credit isn't money.

It's credit deflation for the little guy to cause the maximum amount of bankrupcies possible for the general population and the after it will follow hyperinflation to technically pay the government debts.

The insiders will all have done a CGNAO and will be waiting for 2014 so they can buy at the start of the upside.

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Credit isn't money.

Given the current levels of deficit spending, deflation is definately not something you should be worrying about.

That's right! I'll lend you a hundred quid but you can't spend it or invest it because it's credit, not money...

Deflation is what are entering into now it seems.

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That's right! I'll lend you a hundred quid but you can't spend it or invest it because it's credit, not money...

Deflation is what are entering into now it seems.

Nope, tha's not credit.

Credit is when I tell you that I have a £100 and both you and the merchant believe me when in fact I have sweet FA.

Money supply is determined by the actual, factual amount of money there is.

Credit supply is only limited by the amount you can get suckers to falsely believe you have.

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what will happen if all credit cards are withdrawn in october ?

if you dont have the actual cash - you aint getting it.

People will go bankrupt en masse unjustly.

Why?

Because they believe.

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what will happen if all credit cards are withdrawn in october ?

if you dont have the actual cash - you aint getting it.

ok whats the difference between working, then getting taxed and using your credit card and having to pay interest.

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it should sort the men from the boys. arf arf.....

it will expose every financial weakness in every citizen.

you WILL have to live within your means.

you WILL have to manage to eat from earnings.

you WONT drive a bmw x5 unless you can pay for it in cash.

the first response is for all companies to offer direct debits.

but the defaulters will put and end to that within months.

scrap gold, gold and silver will be the currency of stability.

there will be nothing to stop firm after firm going bust.

this is getting into 'yikes' territory.

and all because people like gordon brown wanted power soooooo badly,

they bought it with massive amounts of credit. 2001-05 & again 2005-07

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ok whats the difference between working, then getting taxed and using your credit card and having to pay interest.

In the first one, a group of individuals make you take on debt using threats and violence.

in the second, a groupo of conmen convince you that you have a debt which you don't, but will ruthlessly forecolse on you if you aren't bright enough to work it out.

Different types of evil, you see.

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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