BOE to do more "QE" & its GOOD for you!

[Mega]

http://www.telegraph.co.uk/finance/c...ood-thing.html

Mike

[hayekvindicated]

Re: BOE to do more "QE" & its GOOD for you!

Britain is captured by the Keynsian/Monetarist consensus and it is sickening. Listening to Ambrose Evans Pritchard prattle on about deflation is starting to get under my skin.

The country is actually f****d. Pritchard keeps prattling on about what a horrible mess Japan is in (really?) whereas Britain and America are meant to be the last beacons of freedom, liberty and capitalism on this earth. The anti-deflation at all costs consensus rules.

Come to think of it, for all its problems, Japan is far better off than the UK:

(1) public debt is actually a lot lower (if you take into account the way the British Government cooks the books);

(2) school education in Japan is far far superior for the average child than in Britain - here if you cannot afford private schools, you can watch your daughters get pregnant at age 12 and your kids turn into drug addicts ;

(3) there is almost no social unrest and no crime in Japan. the less said about Britain the better;

(4) there is no racial conflict - whereas Britain now has no-go zones where ethnic gangs knife and clobber each other regularly;

(5) the Japanese are world leaders in cutting edge manufacturing - and their manufacturing industries have actually thrived whereas Britain's have shrunk to the point where there is very little left in respect of which Britain can be called a "world leader";

(6) the average Japanese household has little or no debt on a per capita net basis whereas the British have the highest levels of personal debt on the planet;

(7) Japan has nothing on the scale of the social problems Britain has - the highest levels of teen pregnancy in the world are to be found in these isles;

(8) Japan has no external debt on a net basis. On a net basis it is a creditor nation whereas Britain is a massive debtor nation.

I hope Pritchard is fired from his position at the Telegraph when Sterling and the Dollar have both met their fate. Somehow I doubt it would happen.

[silverfields]

Re: BOE to do more "QE" & its GOOD for you!

Same paper, other story...:confused:

http://www.telegraph.co.uk/finance/n...t-bubbles.html

[MulaMan]

Re: BOE to do more "QE" & its GOOD for you!

I'm looking for a job transfer to Singapore, it would be fun to live in a civilized country for a change.

Where will you be when the final bubble bursts, the bubble afterwhich no further bubbles can be created?

[Serge_Tomiko]

Re: BOE to do more "QE" & its GOOD for you!

Britain is captured by the Keynsian/Monetarist consensus and it is sickening. Listening to Ambrose Evans Pritchard prattle on about deflation is starting to get under my skin.

The country is actually f****d. Pritchard keeps prattling on about what a horrible mess Japan is in (really?) whereas Britain and America are meant to be the last beacons of freedom, liberty and capitalism on this earth. The anti-deflation at all costs consensus rules.

Come to think of it, for all its problems, Japan is far better off than the UK:

(1) public debt is actually a lot lower (if you take into account the way the British Government cooks the books);

(2) school education in Japan is far far superior for the average child than in Britain - here if you cannot afford private schools, you can watch your daughters get pregnant at age 12 and your kids turn into drug addicts ;

(3) there is almost no social unrest and no crime in Japan. the less said about Britain the better;

(4) there is no racial conflict - whereas Britain now has no-go zones where ethnic gangs knife and clobber each other regularly;

(5) the Japanese are world leaders in cutting edge manufacturing - and their manufacturing industries have actually thrived whereas Britain's have shrunk to the point where there is very little left in respect of which Britain can be called a "world leader";

(6) the average Japanese household has little or no debt on a per capita net basis whereas the British have the highest levels of personal debt on the planet;

(7) Japan has nothing on the scale of the social problems Britain has - the highest levels of teen pregnancy in the world are to be found in these isles;

(8) Japan has no external debt on a net basis. On a net basis it is a creditor nation whereas Britain is a massive debtor nation.

I hope Pritchard is fired from his position at the Telegraph when Sterling and the Dollar have both met their fate. Somehow I doubt it would happen.

Once upon a time, economics was the social science of how people behave within a specific society and culture in regards to the production and consumption of goods. At some point, internationalist and egalitarian visionaries decided that culture doesn't matter, that the world is filled with "individuals", and economics is in fact simply the study of how said individuals respond to broad and base social control and propaganda efforts.

In the end, it is really only culture that matters. As Hanns Johst said, "when I hear the word culture, I unlock the safety catch of my browning"!

In time, when enough people realize that the society in which they live is no longer worth maintaining, the present facade of civility will crumble. What will happen then? I do not know. But, I'm sure many will head the advice of that disgraced playwright.

[hayekvindicated]

Re: BOE to do more "QE" & its GOOD for you!

I'm looking for a job transfer to Singapore, it would be fun to live in a civilized country for a change.

Where will you be when the final bubble bursts, the bubble afterwhich no further bubbles can be created?

Singapore is terrific. I've loved it whenever Ive been there. That is where I intend to move within a year or two. I already have many friends there. They have been unequivocal in saying that they would NEVER come back to the UK.

However, it NOT a liberal paradise. Drug peddling is punishable with death and the Singaporeans are NOT squeamish about enforcing their laws. In addition, any kind of vandalism (such as painting graffiti) is punishable with imprisonment and/or flogging. Freedom of the press is also severely curtailed. There is no general right to protest etc.

It is not a liberal democracy. So for left-liberals who want to live in a kind of Asian version of San Francisco, they will be disappointed. However, if you want to live in a crime free city which has order and prosperity, Singapore is hard to beat. And as a plus, taxes are extremely low.

[hayekvindicated]

Re: BOE to do more "QE" & its GOOD for you!

Once upon a time, economics was the social science of how people behave within a specific society and culture in regards to the production and consumption of goods. At some point, internationalist and egalitarian visionaries decided that culture doesn't matter, that the world is filled with "individuals", and economics is in fact simply the study of how said individuals respond to broad and base social control and propaganda efforts.

In the end, it is really only culture that matters. As Hanns Johst said, "when I hear the word culture, I unlock the safety catch of my browning"!

In time, when enough people realize that the society in which they live is no longer worth maintaining, the present facade of civility will crumble. What will happen then? I do not know. But, I'm sure many will head the advice of that disgraced playwright.

Right on. Unfortunately, for many countries that have swallowed the atomised individual basis of economic theory, the effects of their foolishness are not reversible.

[Chris]

Re: BOE to do more "QE" & its GOOD for you!

Don't you guys know how unpopular social conservativism is these days. I think there is me...and maybe a couple of others in that camp
Seriously, Britain is a time bomb just waiting to blow. If I could get out of here now I would. Unfortunately my only options are Europe at the moment. Say no more...

[touchring]

Re: BOE to do more "QE" & its GOOD for you!

10 years ago, Singapore was going to be just like Detroit because the government sector dominated manufacturing was not doing well and losing out to Taiwan and South Korea.

Over the last 10 years, Singapore attempted a population boost policy by importing more than 1 million foreign workers, students and business people. Three quarters of which are Chinese nationals - it is the city with the biggest China population outside communist China (which excludes HK). Except for drugs, all trades are welcomed.

This is the only place on Earth where free trade extends to people. As long as you do not break the law* or take part in anti-establishment political activities, you'll be welcomed.

*Note: You need to be able to afford to pay your rent - it's against the law to sleep on the streets.

If money is not an issue, Singapore is a better and safer place to live in (All parts of the city is safe, including the flesh district) as compared to any of the major Chinese cities, ASEAN cities, and probably even as compared to HK, provided you do not have a profuse perspiration problem with 80-90 percent humidity, 74 to 91 degrees throughout the year, day and night.

[hayekvindicated]

Re: BOE to do more "QE" & its GOOD for you!

10 years ago, Singapore was going to be just like Detroit because the government sector dominated manufacturing was not doing well and losing out to Taiwan and South Korea.

Over the last 10 years, Singapore attempted a population boost policy by importing more than 1 million foreign workers, students and business people. Three quarters of which are Chinese nationals - it is the city with the biggest China population outside communist China (which excludes HK). Except for drugs, all trades are welcomed.

This is the only place on Earth where free trade extends to people. As long as you do not break the law* or take part in anti-establishment political activities, you'll be welcomed.

*Note: You need to be able to afford to pay your rent - it's against the law to sleep on the streets.

If money is not an issue, Singapore is a better and safer place to live in (All parts of the city is safe, including the flesh district) as compared to any of the major Chinese cities, ASEAN cities, and probably even as compared to HK, provided you do not have a profuse perspiration problem with 80-90 percent humidity, 74 to 91 degrees throughout the year, day and night.

Nothing wrong with that kind of humidity if everything is airconditioned! beats cold and miserable weather any day.

By the way, I doubt that Singapore could ever become like Detroit! That is a gross exaggeration. But it would have gone into decline and lost a lot of people.