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Eurozone inflation in October fell to 0.7%
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<Insert idea here> will never be adopted because the politicians are in the pockets of the banks! -
Originally posted by petergriffin View PostPrinting more money is enough to increase the GDP figures.
You are talking of price inflation. But monetary mass inflation is almost +20000% in 5 years.
Monitory inflation as you put, really the result of QE it is robbery from future generations. Treasonous offence as far as I'm concerned."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostMonitory inflation as you put, really the result of QE it is robbery from future generations. Treasonous offence as far as I'm concerned.
Future generations haven't earned their own money yet, so they're unaffected in that respect (ignoring the other issues with our economy)Comment
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Originally posted by CheeseSlice View PostI'd have thought QE is robbery from those who already made their stash of money (unless they've held it in assets)
QE causes inflation so those who can least afford it will have to pay more for things that can't be avoided - fuel, food.
Last gen Plasma TVs on the other hand get cheaper and cheaper.Comment
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Originally posted by CheeseSlice View PostI'd have thought QE is robbery from those who already made their stash of money (unless they've held it in assets)
Future generations haven't earned their own money yet, so they're unaffected in that respect (ignoring the other issues with our economy)
In years to come your children's taxes will be paying for the banks mistakes, the mistakes of their parents. The tax money should be spent on them. We're robbing the wealth of our children all so that a few can remain wealthy today. It's incomprehensible for me that this can be allowed to happen. But then I'm guessing so few understand it so why would it become an issue?
It's reassuring that my daughters brought up here in Germany will be afforded the opportunity to grow up in a country that maintains a steady quality of life."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostIt's reassuring that my daughters brought up here in Germany will be afforded the opportunity to grow up in a country that maintains a steady quality of life.
In other parts of the world it's a BS MBA.Comment
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Originally posted by scooterscot View PostIt's reassuring that my daughters brought up here in Germany will be afforded the opportunity to grow up in a country that maintains a steady quality of life.
You're a prime example of someone technically trained and poorly educated.
Do you know any history at all? Britain has been far more economically and political stable than Germany over the last few centuries.
This is because of British pragmatism and adaptability. Germans on the other hand are romantische perfectionists.
Being a perfectionist is good when you're creating a Mercedes, less so when you apply it to human society.
WW2 can be seen as a bid to create the perfect society removing all alien elements.
Germans are their own worst enemy with their periodic fits of idealism, the most recent of which is their Energiewende which is even now affecting their Wirtshaftwunder, according to the German movers and shakers who I know (in-laws).
The outlook for the German economy is poor especially demographically, unless it becomes a high-immigration country.Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostThe outlook for the German economy is poor especially demographically, unless it becomes a high-immigration country.
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Originally posted by AtW View PostSo British outlook is particularly bright then?
Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostThe outlook for the German economy is poor especially demographically, unless it becomes a high-immigration country.Originally posted by AtW View PostSo British outlook is particularly bright then?Originally posted by sasguru View PostIt's not as bad as people think.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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