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By (user no longer on site)
over a year ago
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"It's not if , it's not when , it is however , how deep for how long
My take is it's going to be 3 to 5 years , not deep in headline reduction of percent GDP but biteing in effect from inflation "
.
Working/lower middle class don't really suffer from inflation though because they don't have significant savings.
The wealthy detest it because it robs them day by day like a tax they can't avoid. |
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"It's not if , it's not when , it is however , how deep for how long
My take is it's going to be 3 to 5 years , not deep in headline reduction of percent GDP but biteing in effect from inflation .
Working/lower middle class don't really suffer from inflation though because they don't have significant savings.
The wealthy detest it because it robs them day by day like a tax they can't avoid."
Glad you think that
Actually it works like this
Inflation, prices are always rising faster than income , that difference is increased in a recession, out come , those on low incomes hit very hard , and credit is also difficult for them
Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation
And they can borrow to own more stuff and because we will be in recession interest rates will be lower than inflation, the rich win again
Ah interest rates
Well if inflation is to be curbed erm the UK has only one fucking blunt tool
So if they raise that tool , again those wanting to borrow on lower income will be hit more
Oh dear , oh well |
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Yeah, It's my opinion that only new rich get affected by inflation.
Old money own most of their assets so can pretty much welcome it so that they can buy up things at lower rates.
Things like small farms go out of business first. These farmers often commit suicide as their asset value has collapsed and they see it as their life over.
What happens next is the rich farmers, the land owners, combine the failed farms into super farms. they can buy up small farms for pennys increasing their capacity day by day.
This process is copies all over the country in every industry. Small business, working class, lower middle getting wiped out and living hand to mouth as the rich people grow and grow.
Eventually after the recession ends, these rich people have sometimes increased their asset wealth by staggering amounts. |
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By (user no longer on site)
over a year ago
|
"It's not if , it's not when , it is however , how deep for how long
My take is it's going to be 3 to 5 years , not deep in headline reduction of percent GDP but biteing in effect from inflation .
Working/lower middle class don't really suffer from inflation though because they don't have significant savings.
The wealthy detest it because it robs them day by day like a tax they can't avoid.
Glad you think that
Actually it works like this
Inflation, prices are always rising faster than income , that difference is increased in a recession, out come , those on low incomes hit very hard , and credit is also difficult for them
Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation
And they can borrow to own more stuff and because we will be in recession interest rates will be lower than inflation, the rich win again
Ah interest rates
Well if inflation is to be curbed erm the UK has only one fucking blunt tool
So if they raise that tool , again those wanting to borrow on lower income will be hit more
Oh dear , oh well"
.
Making a million is far easier than keeping hold of it's purchasing power once you've made it, that's the whole point of the financial world.
Seen as you wrote this "Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation" , you should perhaps realise that only one commodity in 2000 years has remained inflation proof and know what it is then?.
 |
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By *obka3Couple
over a year ago
bournemouth |
"It's not if , it's not when , it is however , how deep for how long
My take is it's going to be 3 to 5 years , not deep in headline reduction of percent GDP but biteing in effect from inflation .
Working/lower middle class don't really suffer from inflation though because they don't have significant savings.
The wealthy detest it because it robs them day by day like a tax they can't avoid.
Glad you think that
Actually it works like this
Inflation, prices are always rising faster than income , that difference is increased in a recession, out come , those on low incomes hit very hard , and credit is also difficult for them
Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation
And they can borrow to own more stuff and because we will be in recession interest rates will be lower than inflation, the rich win again
Ah interest rates
Well if inflation is to be curbed erm the UK has only one fucking blunt tool
So if they raise that tool , again those wanting to borrow on lower income will be hit more
Oh dear , oh well.
Making a million is far easier than keeping hold of it's purchasing power once you've made it, that's the whole point of the financial world.
Seen as you wrote this "Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation" , you should perhaps realise that only one commodity in 2000 years has remained inflation proof and know what it is then?.
"
Fanny |
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By (user no longer on site)
over a year ago
|
"It's not if , it's not when , it is however , how deep for how long
My take is it's going to be 3 to 5 years , not deep in headline reduction of percent GDP but biteing in effect from inflation .
Working/lower middle class don't really suffer from inflation though because they don't have significant savings.
The wealthy detest it because it robs them day by day like a tax they can't avoid.
Glad you think that
Actually it works like this
Inflation, prices are always rising faster than income , that difference is increased in a recession, out come , those on low incomes hit very hard , and credit is also difficult for them
Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation
And they can borrow to own more stuff and because we will be in recession interest rates will be lower than inflation, the rich win again
Ah interest rates
Well if inflation is to be curbed erm the UK has only one fucking blunt tool
So if they raise that tool , again those wanting to borrow on lower income will be hit more
Oh dear , oh well.
Making a million is far easier than keeping hold of it's purchasing power once you've made it, that's the whole point of the financial world.
Seen as you wrote this "Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation" , you should perhaps realise that only one commodity in 2000 years has remained inflation proof and know what it is then?.
Fanny"
.
At least you made an attempt 
He hasn't a clue so I doubt will answer |
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By (user no longer on site)
over a year ago
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"Yes, britain is facing the highest risk of a damaging recession in 12 years and is not prepared to cope and with brexit it doesnt look good."
.
Thank goodness you don't take steroids |
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"Seen as you wrote this "Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation" , you should perhaps realise that only one commodity in 2000 years has remained inflation proof and know what it is then?.
"
Some will claim gold, but I would say land is more stable (if you can defend it). However gold is relatively easy to move and therefore a better bet in times or areas of political instability. |
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By (user no longer on site)
over a year ago
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"Seen as you wrote this "Ah the wealthy , well we , aherm, own land , and stuff , the wise amongst us own stuff wot goes up with inflation" , you should perhaps realise that only one commodity in 2000 years has remained inflation proof and know what it is then?.
Some will claim gold, but I would say land is more stable (if you can defend it). However gold is relatively easy to move and therefore a better bet in times or areas of political instability."
.
Your close, gold is a measure of the value of labour.
Labour is the one commodity to keep pace with inflation, or it was until the globalisation of finance and the deregulation of world markets, now we have "wealthy" countries trying to pay for vast social security problems while trying to "compete" with labour in the far East which doesn't have the overheads of the wealthy, I put wealthy in brackets because were not actually wealthy, just loaded in debt and armed to the teeth. |
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