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Re: Inflation comes thought the door, wisdom flies out the window
Great piece. -
Re: Inflation comes thought the door, wisdom flies out the window
Yes & no...............he spotted what i sussed 18 months ago & i am no ECO type......he offers no solution...........but most now agree they chase the deflation ( with a colasping £ inflating some asset prices) with more "QE", then the "Snap back" will hit & your looking strong inflation (which the BOE can't fight with higher rates) that crushes the £ even more.......thus your locked into a "Inflation closed loop".............
MikeComment
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Re: Inflation comes thought the door, wisdom flies out the window
+ 1, then add a terrible imports to exports balance of payments and it will be a disaster.Comment
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Re: Inflation comes thought the door, wisdom flies out the window
From The Ottawa Citizen, Aug 22nd, 2010: "Hydro Rates Going Up Like a Rocket". The article is available on Yahoo.com. Thanks to the eco-frauds, you will be paying hundreds of dollars more per year for power in Ontario because of grants-in-aid from Ontario for wind energy amounting to up to 19cents per kilowatt hour and grants-in-aid for solar energy amounting to up to 71cents per kilowatt hour.
Zero interest rates don't cause inflation? The inflation is in everything now, thanks to the zero interest rate monetary policy set by the Bank of Canada. And the ZIRP has spawned five years of back-to-back rate increases in Ontario for power in order to fund ridiculous scams in wind power and solar power ---- the most expensive power to generate.
Yes, that is 71c (seventy-one cents) per kwh for solar energy generation subsidized by Ontario thanks to new green energy legislation. Your rates for hydro were penny-cheap before this green scam began. Exactly what were they?
Doesn't it stand to reason that if money has no rent and if interest rates are artificially kept at zero by govn't fiat, every scam imaginable would be funded by government????????????????????? And who pays for this waste? You do, through inflation.Last edited by Starving Steve; August 23, 2010, 01:06 PM.Comment
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Re: Inflation comes thought the door, wisdom flies out the window
Never seems to work out as it should, at least in our time frame. Don't give up it's just a matter of time, to bad that it will be the way we have been thinking - don't you agree MikeOriginally posted by Mega View PostComment
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Re: Inflation comes thought the door, wisdom flies out the window
May be
MikeComment
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