Thread: Inflation rates
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Rod Speed Rod Speed is offline
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Default Inflation rates

harryagain wrote
Rod Speed wrote
harryagain wrote
jkn wrote
harry wrote


They have no idea what is is to be poor.
They might get chance to find out later on.


and you see no poverty in all of this?


Absolutely not.
Plenty of whingers about.
There is no real poverty in the UK nowadays..
There was poverty after WW2 for a few years.
There will be plenty of people here remember it.


You have to travel to third world countries to see poverty these days.
Todays youngsters haven't a clue.
But they may find out the hard way.


I doubt it. If they didn’t as a result of the clowns
being allowed to implode much of the world
financial system, again, it aint gunna happen.


???????


Things are NOT fixed.


Sure, but we do make real progress. We got nothing
like what was seen during the great depression this
time around. We saw action taken very quickly this
time around, rather than that taking the best part
of 5 years to happen last time around.

And modern welfare is nothing like
what was done in the 30s either.

We are being told lots of lies.


Sure, but that always happens with all politicians.

Apparently every household has a debt of £sixty odd grand on average.
(Public and private)


The total public debt was much higher in the
great depression and we survived that fine.

When that's paid off,


We aren't that stupid. Its what drives modern economys.

then things will be fixed.


No.

We (the gov) are still spending more than is collected in tax etc.


Because everyone howls when they only
spend what has been collected in tax.

So the debt is still increasing.


Because it is recognised that when things
are bad, the govt needs to do that.

(Nu Labour's debt)


The likely way it will be fixed is through massive inflation.


Currently the problem is actually deflation.

By accident or design.
(Zimbabwe?)


We've never seen anything like that in the west with the
exception of germany between the wars and that was
done deliberately to pay reparations in worthless currency.

We got a clue on that too and did the
Marshall Plan instead the next time.

And that ensure that we never did see WW3.

If it happens, older people will cope better, they will remember how.


Things have changed quite a bit on the detail
now tho, most obviously with heating costs.
And with the availability of welfare housing.

?????????????


There are lots of luxury item which some people think are neccessary.


Sure, plenty believe that a fridge, something better than a
squat, a TV or radio are necessary when they clearly are not.

People living in "welfare housing" are parasites.


Separate issue entirely to your line that the older people
will cope better because they will remember how.