Wednesday, August 20, 2008

The Doors – The End ( www.lyricsmode.com/lyrics/d/doors/the_end.html )

Apocalyptic times for Britain's economy

...As debt increases the pressure for higher interest rates to kill off inflationary pressures may become impossible for the MPC to resist.

Posted by whostolemyendowment @ 04:30 PM (1623 views)
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19 thoughts on “The Doors – The End ( www.lyricsmode.com/lyrics/d/doors/the_end.html )

  • OK I haven’t read the article and you can call me stupid – but – are not the inflationary pressures external and beyond ‘control’ by Dick Head’s interest rates?

    Surely, increasing interest rates in the new situation will simply increase existing debt by virue of the additional interest on existing loans. Do nothing to curb inflation and if anything strengthen the case for pay increases, as if that case needs some-one else to fight its corner. (possesssssive pronoun gardenneting)

    Small businessess in particlular will find it harder to cope.

    But then, isn’t that what this is all about. The transfer of wealth and power!

    head, noose, out on a limb, whatever, where is p4ac?

    when they create the debt out of thin air they don’t create the interest – takes time.

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  • As far as I’m concerned malct, raising interest rates should help with inflation as raising them will strengthen the pound making imports less expensive.

    We import most things, Oil, Electricity, Gas, Food etc etc all the things that are rocketing up in price.

    I personally think the bank of England should of reated by now and raised rates by about 1% at least.

    That would send a clear signal that they are serious and gives them more room to reduce as and when the going gets tough.

    Having done nothing to date it implies by lack of action that they either don’t know what to do or are in a jam – of their own making – which they are.

    A mistake in my opinion would be to follow America and drastically reduce rates – at this stage anyway.

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  • I agree str 2007.

    Interest rates should by now be at least 6%.

    And remember according to the “sound fundementals” argument 6% interest rates would still be way, way below what they were at the last crash so should have little or no effect on the strength of the crash (according to all the experts that push the ‘sound fundementals’ argument again and again).

    Seriously though. we do need to control imported inflation and that cannot be done wth the pound on the run. The property market will find it’s own bottom regardless of rate cuts or minor (1-2%) rate increases. What we need know is someone to grab the helm of (f) UK (ed) plc and ensure we don’t get runaway inflation and millions taking their place on the end of the unemployment queue!

    Bleedin’ shame w’eve got ‘the best chancellor since the second world war’ in charge, rather than someone with at least a basic grasp of economics (VC for instance)

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  • on one level I agree with both of you – but

    labels / boxes

    1688

    1694

    360 / 7

    outside the box

    accept no label

    we can’t / can control imported inflation ? – who are we?

    Web of Deceit – Mark Curtis

    Century of Self Adam Curtis

    Human Givens

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  • isn’t it time for serious monetary reform?

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  • where’s ivmreader?

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  • and cornishman

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  • Well glad you agree with us.

    Just one thing – what are you going on about ?

    I probably shouldn’t have asked that question !

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  • Malct, is it the amber nectar or the whacky baccy?

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  • and dog fordib – david!

    or was it Mary?

    Sorry, I’m still reading ‘Conversations with God’ and Conversations with Dog’

    Sometimes we get confused.

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  • gardeniadotnet says:

    @p.doff – as sardonic as ever.

    Good to have you back.

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  • gardeniadotnet says:

    Yes, where is lvmreader?

    Make thyself known unto us.

    Dost thou act under the nom-de-plume ‘James,’ pray tell?

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  • Choice:
    High interest rates and tough choices leading to a solid economy – eventually.
    Or
    Temporarily easy choices with low interest rates leading to a doomed economy – very quickly.

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  • gardeniadotnet says:

    The New Depression is nigh.

    I have held this view for a (comparatively) long time.
    No one, so far, has come close to convincing me otherwise.

    Any takers?

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  • gardeniadotnet says:

    @14. renting2

    I have taken the liberty of editing your post…

    Choice: High interest rates and tough choices leading to a doomed economy – very quickly.
    Or
    Temporarily easy choices with low interest rates leading to a doomed economy – very quickly.

    Can you spot the common denominator?

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  • tc sounds like you haven’t read Conversations with Dog! are well never mind.

    Actually, on a more serious note, I was thinking more of the successful Dutch Armada in 1688 and the odd placing of the Golden Hind next to the statue of Bill Grapefruit in Brixham harbour. The freedoms of England I will preserve and all that twaddle.

    The Glorious Invasion which led six years later to the enslavement of the English via compound interest.

    gardennetting @ 9.46pm yup I’m with you on that one, very sad.

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  • What does David Smith say?

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