The British Left stop begging for the Printing press!

[Techdread]

Re: The British Left stop begging for the Printing press!

You still think it matters which party is ruling???

No, it does not. The UK had prosperity in the Thatcher era because of North Sea oil. Now, it is in rapid decline and the problems are starting.
Parties are irrelevant, they do the same thing in slightly different ways and with different propaganda.

I Agree, thats why I think worlds governments need to stop pussy footing around nationalise all the insolvent banks. Just like what idiot Brown is trying.

But most importantly they must forgive all debt, wipe the slate clean before things get real out of hand. Then we can all go back to piling on more debt ad finitum:cool:

[Starving Steve]

Re: The British Left stop begging for the Printing press!

Oh Canada...

Hey Canucks, press that Goldman Sachs Alum that runs your central bank to convert the Canadian reserves from USA funny money treasuries to GOLD now! How much higher can the USD and treasuries go???

The Bank of Japan in recent years lowered interest rates to around 1/2%, so the stinkers at the Federal Reserve Bank in the U.S. may be trying to do the same trick. This could go on for many years yet.

So long as Bernankee (and the other world central bankers) do not allow inflation to get going, I can excuse their helicopter drops of money. Hard to believe, but the trillions of dollars of money destroyed by the Panic of 2008 so far is greater than the world's printing of money. The proof of this is that prices are falling for everything.

Gold may not be a good investment at $800 US per oz ( $1000+ Cdn per oz.).

Ofcourse, investments in U.S. Treasuries are the final bubble, but this bubble could go on for years, just as the bubble in the Japanese Yen has gone on for years. Or this U.S. Treasuries bubble could burst this spring if the Obama Administration disappoints the markets. Who can say?