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Re: The Bank of England is set to pump up to £75bn of newly printed money into the ailing UK economy

By: capt_nemo in ROUND | Recommend this post (0)
Mon, 02 Jul 12 5:30 PM | 85 view(s)
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Msg. 42372 of 45651
(This msg. is a reply to 42371 by Decomposed)

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"Get ready for that day. When it happens, there will be no time to make preparations."

I have been saying that for a couple years now DE. Amazing how they can prolong the inevitable this long. Very creative thinking on their part, KUDOS POS haaaaaaaaa




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: The Bank of England is set to pump up to £75bn of newly printed money into the ailing UK economy
By: Decomposed
in ROUND
Mon, 02 Jul 12 5:02 PM
Msg. 42371 of 45651

This is the problem with fiat money. There is nothing stopping governments from printing INFINITE paper - except for fear of instigating the panic that the public SHOULD experience. And governments are motivated to do just that, infinite printing. So they will.

There is no analogy that fits better than the frog in the pan of water on the stove. As long as the temperature increases GRADUALLY, the frog will stay in the pan. Eventually, it will boil to death.

We're the frogs.

The money printing isn't going to end. It will only accelerate, with each government racing to outprint the others - because whoever prints earliest gets to spend the least debased money.

And because people are not actually frogs, I'm confident that one day an appreciable number of them will figure it out and panic. Get ready for that day. When it happens, there will be no time to make preparations.


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