Tuesday, December 4, 2012

UK Debt Dynamics

Budget Deficit Crisis is Pure Propaganda

"The focus of this article is on Britains debt dynamics as the people of Britain continue to be bombarded with propaganda in respect of the unfolding Inflationary Depression that the country has been immersed in since at least early 2008. In terms of politics, propaganda takes the form of declarations for ever greater needs for economic austerity by the Coalition government whilst the Labour party as usual takes the opposite line, when the reality is that there has been no real net economic austerity in Britain". (Lots of graphs & analysis - enjoy)

Posted by alan @ 07:40 PM (2859 views)
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10 thoughts on “UK Debt Dynamics

  • Well this increase in debt is the right move for the current government in order to maintain what support they do have, but a completely wrong and irresponsible move for economy in the long term.

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  • Miken @ 1,
    You can’t trust the politicians to make any bold choice, they have no backbone (as Mad Nad once said).

    Just look at airport expansion in the south of England. Nobody will make a decision – everything is “put off”. Same with tax, etc., etc.

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  • The Office of Budget Responsibility is due to publish an ‘economic and fiscal outlook’ document today. This publication should include commentary on the decision to transfer gilt coupons from the Bank of England Asset Purchase Fund (APF) to the Treasury (this is what Walayat refers to as ‘QQE’.)

    http://budgetresponsibility.independent.gov.uk/

    If I understand correctly, the pros and cons are:

    Pro: short term government borrowing to pay coupons into the APF is reduced (cooking the books for political reasons.)

    Con: in the future, APF losses caused by transferring coupons to the Treasury will require more government borrowing to give money back to the APF to cover its losses (so we end up borrowing more in the future to pay for todays ‘free’ money.)

    Is this just more can kicking?

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  • BoE are now printing money to finance the government. Exactly like Mr Mugabe in Zimbabwe, there is little difference.

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  • yep so it austerity

    my local council have just splashed out apprx 10k on a new logo!!!! what for I have no idea, no small town or village needs a logo

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  • Printing money to finance the government! Now that would be shocking if it was ever proved.

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  • Printy Printy…. I can’t wait to see the results of this printing.

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  • hey the council should pay for my planning application, now which one dresses up like a tranny I can blackmail seen as my name is not tescos !

    the tescos loop we pay taxes, we subsidise farmers, Tescos screw farmers who need more government money we pay more to farmers, public buy from tescos who pay offshore companies and the money vanishes, we pay more taxes we subsidise farmers, Tescos screw farmers who need more government money we pay more to farmers, public buy from tescos who pay offshore companies and the money vanishes, we pay even more taxes ……..

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  • You have been seeing the results of QE with the rampant inflation and zero interest rates on savings. We are being bled dry slowly…

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