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BBC Analysis - How Low Can Rates Go?


vand

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http://www.bbc.co.uk/programmes/p042jh52

I would urge anyone and everyone to take the time to listen to this episode of Analysis.

It's crystal clear that the central planners have nothing left other than more of the same - NIRPs, helicopter money, counterfeiting more currency, the nefarious cashless society. It's ALL coming, if the powers that be get their way. True market price discovery for the price of money is a foreign concept to these financial terrorists.

Stack hard, my friends. There will be hell to pay when their policies unravel.

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the monetary model is flawed. deflation, people put off buying

today what will be cheaper tomorrow. 'the world is taking on too

little risk' andy haldane boe, what is this guy on?

personal debt means people are borrowing future money to pay

for current consumption, they are living beyond their means.

isn't pension just future money that have already been spent on

current consumption?

 

which would banks choose

1, lend it out to a reliable business and get a decent return.

2, keep it at the central bank earning a pittance.

 

banks need more opportunities for option 1 not worse

conditions for option 2.

 

HH

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Feel free to share this info far and wide to family, friends and colleagues.

Shout it from the rooftops and on BookFace and Twit-er

and what will probably happen, .........m'eh.

NOTHING

People will still keep spending and be fuelled by their urges and impulses fed to them to simply must have a bigger house or a better car or a new TV

Re-mortgage spend your equity now!  There is no tomorrow - why be debt free

Meanwhile in the REAL WORLD - newsflash - we have not yet gotten out the recession of 2008 yet.

Just near ten years of fudged numbers, statistic dodgyness and however much fiat funny money threw at the problem that hasnt gone away

JUST GOT BIGGER - MUCH MUCH BIGGER. next crash will be x10 times worse than 2008 crash

Economy is in recovery, on hang on we never recovered from the last one and it has only been kept as an illusion through phantom phoney magiced funny money

 - all safe and secure & nothing to worry about - sorry but i wouldn't trust them to tell me the time in a room full of clocks

743a51b5066e931a78ce899a0e66a9be.jpg

 

 

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4 hours ago, richo said:

I have always wondered, if rates go negative, will the bank pay me for going overdrawn..

ps: this is a question I know the answer to as a trained economist, I was been a bit facetious.

I'm sure I saw somewhere there was a mortgage being offered that did pay the borrower "interest":D

Profile picture with thanks to Carl Vernon

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If you save using shiny metal as the vehicle to transfer your purchasing power into the future then central bank policy is directly helping you. Cheers mark bring on the 0.25% interest rate, higher inflation and roll on the recession we are in/due. 

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There was a professor of economics who carried out a research project for the Adan Smith institute on Radio Scotland this morning. He was of the view that the recent BOE and ECB stress tests were all but a gimmick and went so far as to say that even a minor recession would see nearly all UK banks fail and that they are all technically insolvent as we speak. He sees Duestchbank possibly being one of the first and biggest dominos to topple. I found it really telling that we were getting this information via mainstream media now Stack on indeed folks. 

As A side note a recently took out a fixed rate 10 year mortgage as although I think deflation, negatives rates will ensue, I think this will be reversed very suddenly by hyperinflation. I am sure the banksters will have a clause in the small print somewhere to state in such circumstances all legally binding agreements are off and they will be able to charge me what they like, it nearly impossible to beat the robbing, immorale gets that they are. 

“Nowadays people know the price of everything and the value of nothing.” Oscillate Wildly

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But...

If there is a big bang, won't you lose all your gains looking after those who were not as sensible and prudent as yourself?

Those that are struggling. Your parents, brothers, sisters, grandparents, favourite uncles, best friends, long standing neighbours, your wife's family, your ex-wife's family?

I certainly do not wish for a financial crash.

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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I think you are right.

But do you, scrooge like, sit in your fortified residence counting your $100/oz coins whilst people struggle to make ends meet?

I exaggerate, I know, but the pub will be a grim place if nobody can afford a pint.

It'll just be me 'n Steve and a pack of Quavers :wacko:

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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1 minute ago, Roy said:

I think you are right.

But do you, scrooge like, sit in your fortified residence counting your $100/oz coins whilst people struggle to make ends meet?

I exaggerate, I know, but the pub will be a grim place if nobody can afford a pint.

It'll just be me 'n Steve and a pack of Quavers :wacko:

you promised me smokey bacon crisps!!!

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I can't deal with a financial crash and your high cholesterol! 

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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Doomed proposition without customers.

The point I'm trying to make, albeit badly, is there is no advantage to being wealthy when everyone else is poor.

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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2 minutes ago, Roy said:

Doomed proposition without customers.

The point I'm trying to make, albeit badly, is there is no advantage to being wealthy when everyone else is poor.

it didn't stop the mill and mine owners in the past:D

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Where are they now? Doomed, I tell you.

You can't sell anything if nobody can afford to buy it. 

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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Or if they can get it cheaper elsewhere ;)

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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Yes, those who bought silver at £30 an ounce

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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13 minutes ago, sovereignsteve said:

They had a good run though.

They did. As did the British Empire.

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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