Thursday, 5 March 2009

Brown has trashed the economy and now he is about to trash the currency



Get me a sandwich while you are out



Interest rates slashed to 0.5%, so those that have bothered saving are going to get no return,pensions reduced to nothing and now he is going to use the old standby of any bankrupt country or Empire debasing the currency.It is called Quantitive Easing in Newspeak, in the old days it was called printing money.

The Weimar Republic did it,Japan did it in their 'lost decade', Mugabe's Zimbabwe did it, it brings in its wake inflation, flight of capital and political instability.Printing money is like crack cocaine to Governments, once they start they just cannot get off it, any problem comes along print a shed full of zillion Pound notes with which to buy a tin of Tesco's baked beans

You can't solve a drunk's alcoholism with a bottle of whiskey.

16 comments:

Old Holborn said...

Bring it on

Once the earth is scorched and salted, we can begin to build a proper country again.

Federal Germany managed it, Federal Switzerland never had to.

Dungeekin said...

BREAKING NEWS:

'City of London Hit by Massive Power Cut'

The City of London has this morning been hit by a massive power cut, blacking out most of the Square Mile's financial institutions and leaving bankers and traders unable to work.

The power cut is believed to have been caused by every single one of the Bank of England's printing presses going into overdrive simultaneously.

Under the BoE's new Quantitive Easing policy, all the new banknotes created will have an extra zero added - the £5 becoming £50, the £10 becoming £100 and so on. A spokesman for the Monetary Policy Committee said that they were introducing the new policy 'based on the successes of Quantitive Easing in Zimbabwe'.

The power cut in the City has so far caused no major problems, given that the banks and the Stock Exchange are all too screwed and skint actually to do anything. The only personnel affected are those currently counting Sir Fred Goodwin's monthly pension payout.

Dick the Prick said...

This is a fucking conspiracy by farm tools manufacturers, pitchforks, wheelbarrows, cattle prods - clever buggers them there farmers.

Guthrum said...

They just keep lobbing petrol on the fire

Anonymous said...

Nice one. I fucking hate those IDIOTS. Today is the day that you need to mark, cause it is going to be like the Turkish jet at Amsterdamm. Enjoy! ;-/

Anonymous said...

I just don't get it....surely they have more than two brain cells to rub together between them?
Why on earth would they think this is a good idea?

Anonymous said...

Any advice on what to do, other than demand Brown's resignation and a new government?

I've been thinking of buying a pile of foreign currency, so that I still have some money that is worth something after we enter Weimar Republic territory. Any thoughts on this idea?

charcoal said...

I've been thinking of buying a pile of foreign currency, so that I still have some money that is worth something after we enter Weimar Republic territory. Any thoughts on this idea?

Been there, done that, got the t-shirt. First direct offer good accounts in dollars and euros. But that's still within the remit of HMG to seize, so you might want to go offshore instead.

And I would expect the QE to generate a slight dead-cat bounce before the inflation kicks-in and the pound goes down the pan. So either hold-off or hold your nerve.

Damo Mackerel said...

I wouldn't go anywhere near the dollar or euro. To protect what money you have, buy gold or silver.

Adrian P said...

They intend Destroying everything we have, looting the Economy and will use food as a weapon to Bring us to our knees, they will stir up civil unrest then bring in the civil contingencies act.
The EU already has a death penalty for civil unrest, this means when it happens, people who the EU doesn't like will go to secret holiday destination on Rendition airways to take up sports like waterboarding and then a bullet in the Back of the head.

They are looting the country, plain and simple, they will bring us to our knees and usher in their New World Order unless significant numbers wake up and Unite.

Forget the BBC Listen in to Radio Truth Radio Here

Guthrum said...

Who are 'they', and who would you like us to unite behind ?

Anonymous said...

Convert your cash to gold and silver now while you have the chance.

mikey said...

What OH said...

" Old Holborn said...
Bring it on

Once the earth is scorched and salted, we can begin to build a proper country again.

Federal Germany managed it, Federal Switzerland never had to.


That will do it for me...

Mummy said...

I’m a bit thick when it comes to financial stuff, but in my simple mind I have this thought. If you rip a £10 note in half, you don’t end up with 2 £10 notes. Or even 2 £5 notes. You end up with 2 useless pieces of paper. Regarding printing 75bn notes, you don’t end up with more money, because the worth of each note is then diluted (aka torn in half). If I chose to tear my money up the only persons finances affected are mine. However by printing all this money every bodies money is diluted. Can someone let me know if my thinking is correct.

I've stuck this up at my place but I'm still not sure if I am understanding this printing more money to fill a hole thing. I'm a tad concerned that I may appear to be thicker than normal.

Old Holborn said...

Mummy

Exactly.

I prefer to think of the landlord watering down your beer. Every time you drink a pint from the barrel, he replaces it with water. In the end, it isn't beer. It's worthless water.

Leg-iron said...

Whoops. Just posted something similar - should have scrolled down first!

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