Money supply & gold

[WavesAtPlay]

With the announcement today that the government are going to expand the money supply by up to £150bn (£150,000,000,000), I was wondering what the general opinion was on this and whether anyone has any good ideas to tackle these ridiculous methods of sorting out the economy. [If you spent £200,000 every day from year 0 to today, you would still not spend as much as that.] This is going to effectively be a covert tax on everyone, devaluing the already dwindling pound.

In my opinion, these policies, including the recent failures of various banks, have been carefully orchestrated in order to bring in global policies that will lead to a 'solution' where we have a global currency, a very effective means of worldwide control.

Also, does anyone have a good recommendation for buying gold or other similar non-fiat-based unit of currency.

[ratewhore]

Also, does anyone have a good recommendation for buying gold or other similar non-fiat-based unit of currency.

I bought mine at bullionvault (http://www.bullionvault.com).

[alreadypacked]

With the announcement today that the government are going to expand the money supply by up to £150bn (£150,000,000,000), I was wondering what the general opinion was on this and whether anyone has any good ideas to tackle these ridiculous methods of sorting out the economy. Also, does anyone have a good recommendation for buying gold or other similar non-fiat-based unit of currency.

I think the UK goverment has acted too soon to print money. That was the last option, now they have taken it, they have none left.

Gold it will be a bit heavy when you need to go to buy a loaf of bread. Invest in a wheelbarrow to carry the cash like everyone else.

[Bagpuss]

What is all this wheelbarrow to carry cash nonsense? The economy is deflating not inflating.

[alreadypacked]

What is all this wheelbarrow to carry cash nonsense? The economy is deflating not inflating.

So you don't think printing money will cause the £ to devalue.
Making imported goods more expensive.
Causing inflation.

[Bagpuss]

We tend to import luxury goods, electronics, cars etc. Exactly the items people won't be buying anyway. Moreover, the pound isn't going to collapse when the world economy is in the same state. I'm sure the right wing media are drawing parallels with Zimbabwe, but it's apples and oranges.

[NetwkSupport]

Stupid novice question:

When the government prints this money how is it "injected" into the economy?

[DimPrawn]

It is dropped as £50 notes from a military aircraft over Labour marginals.

HTH

[Cyberman]

I think the UK goverment has acted too soon to print money. That was the last option, now they have taken it, they have none left.

They had to act very quickly because we have an election looming !!!

[Bagpuss]

Stupid novice question:

When the government prints this money how is it "injected" into the economy?

they don't print money, like when you spend on your credit card, no money is printed