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Farm Business
Politics, Covid19 and Brexit
Quantitative easing (Bank of England version, oops...)
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<blockquote data-quote="DrWazzock" data-source="post: 4258188" data-attributes="member: 2119"><p>We are in uncharted waters.</p><p></p><p>Usually this kind of exercise leads to hyperinflation, and there is time yet for this scenario to unfold, although looking at the price of machinery, land and houses I dare say that it is unfolding already. So nobody is any better off in the long run.</p><p></p><p>IMO it's another of these short term measures to make people feel better and put off facing reality for another year or two, the reality being that we aren't anything like as financially well off as we think we are.</p><p></p><p>It won't end well IMO. The only reason the pound isn't completely worthless is because everybody else seems to be doing it (in the West).</p><p></p><p>Death throes of the western economy IMO. Manufacturing has gone East. Services are hot air.</p><p></p><p>[MEDIA=youtube]ZiJa9diJOMk[/MEDIA]</p></blockquote><p></p>
[QUOTE="DrWazzock, post: 4258188, member: 2119"] We are in uncharted waters. Usually this kind of exercise leads to hyperinflation, and there is time yet for this scenario to unfold, although looking at the price of machinery, land and houses I dare say that it is unfolding already. So nobody is any better off in the long run. IMO it's another of these short term measures to make people feel better and put off facing reality for another year or two, the reality being that we aren't anything like as financially well off as we think we are. It won't end well IMO. The only reason the pound isn't completely worthless is because everybody else seems to be doing it (in the West). Death throes of the western economy IMO. Manufacturing has gone East. Services are hot air. [MEDIA=youtube]ZiJa9diJOMk[/MEDIA] [/QUOTE]
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Farm Business
Politics, Covid19 and Brexit
Quantitative easing (Bank of England version, oops...)
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