tag:blogger.com,1999:blog-2948538160252327076.post6819533441399901573..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Another hundred billion to save the economy (again)Alice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2948538160252327076.post-2255833858620791772012-06-15T23:25:46.763+01:002012-06-15T23:25:46.763+01:00Once again they insist that if only more debts wer...Once again they insist that if only more debts were incurred the economy would recover. It's the same mistake of thinking that the problem is a lack of demand. It isn't - it's a surplus of debt! They will fail (again) since the small business sector hasn't the demand to need the loans and the personal sector can't afford more loans to service. They will also fail in propping house prices since incomes (and the inflationary consequences of the policy) are not growing to meet the high prices and the loans will not be affordable. This insistence in putting the cart of demand before the horse of production and savings will never work. But they are all captives of modern economic theory. Unfortunately their utter lack of courage means we all go down with the shipernie tnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-28919057219971982282012-06-15T16:41:48.018+01:002012-06-15T16:41:48.018+01:00why dont they just pay off all mortgages and credi...why dont they just pay off all mortgages and credit card debt? Simples !Kitznoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-23509550555174647812012-06-15T09:05:25.366+01:002012-06-15T09:05:25.366+01:00All this to keep house prices at a shockingly unre...All this to keep house prices at a shockingly unrealistic, historical high. They should have let the house prices crash like they would have 5 years ago - if they hadn't 'created' 100's of billions of pounds out of thin air... <br />So.. now another 140 billion - no wonder the price of food, petrol, rents, bills..literally everything is flying through the roof. <br />Hyperinflation here we come ! <br />We really are f*cked...its all just a matter of time...oh, and money of course :/ <br /><br />(I know petrol prices have gone down recentyl..but thats only due to the artificial BOOST they were raised by due to the 'petrol strike fiasco'..they are just falling back to what they should have been if the petrol stations wern't profiteering).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-26086287078816688042012-06-15T08:30:46.514+01:002012-06-15T08:30:46.514+01:00we must - at whatever the cost - maintain the illu...we must - at whatever the cost - maintain the illusion of a lifestyle we no longer earn & can no longer afford in today's global-levelling world economy.Stevie b.https://www.blogger.com/profile/11427759744381570329noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-86098435978624739262012-06-15T08:10:25.376+01:002012-06-15T08:10:25.376+01:00By now, buying gold must be a no-brainer. But don&...By now, buying gold must be a no-brainer. But don't tell anyone you've got some, cos sure as hell they'll find a way of confiscating it for the greater good of the country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-59168935474431245172012-06-15T07:42:14.106+01:002012-06-15T07:42:14.106+01:00See? This is almost what I was saying on the earli...See? This is almost what I was saying on the earlier post. Fire power, lighting money on fire. Potayto, potahto.<br /><br />It's funny how he calls it fire power to sound assuring. Blogger Atrios over in Philadelphia has been using a similar term with the purpose of disparaging the policies. He's been calling these bailouts the money bazooka for months. They only fire the money bazooka at banks. They have been doing it for four years now and nothing gets solved.drooghttp://gravatar.com/droogthegwirenoreply@blogger.com