Posted by seumasach on July 8, 2013
[This crisis is the result of rampant inflation whose roots lie ultimately in money printing(QE). We badly need a realistic assessment of inflation so that wages, benefits and pensions can be indexed.]
Government urged to act as food poverty hits 18% of UK
30th June, 2013
An estimated 18 per cent of the country were forced to skip meals, ask friends or family for food, rely on a food bank or go without so their kids could eat in the past year.
Posted in UK economy | Tagged: inflation, inflation index | Leave a Comment »
Posted by smeddum on May 20, 2009
By Rich Miller
May 19 (Bloomberg) — What the U.S. economy may need is a dose of good old-fashioned inflation.
So say economists including Gregory Mankiw, former White House adviser, and Kenneth Rogoff, who was chief economist at the International Monetary Fund. They argue that a looser rein on inflation would make it easier for debt-strapped consumers and governments to meet their obligations. It might also help the economy by encouraging Americans to spend now rather than later when prices go up. Read the rest of this entry »
Posted in Financial crisis, Uncategorized | Tagged: inflation, inflationary crisis, inflationism | Leave a Comment »
Posted by smeddum on October 10, 2008
Rogers: Global Bankers Have Unleashed Inflationary Holocaust
CNBC hosts unable to grasp basic economic principles
Paul Joseph Watson
Prison Planet
Friday, October 10, 2008
Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market. Read the rest of this entry »
Posted in Financial crisis | Tagged: inflation | Leave a Comment »
Posted by smeddum on July 29, 2008
By Mike Whitney
28/07/08 “ICH” — The Bush administration will be mailing out another batch of “stimulus” checks in the very near future. There’s no way around it. The Fed is in a pickle and can’t lower interest rates for fear that food and energy prices will shoot to stratosphere. At the same time, the economy is shrinking faster than anyone thought possible with no sign of a rebound. That leaves stimulus checks as the only way to “prime the pump” and keep consumer spending chugging along. Otherwise business activity will slow to a crawl and the economy will tank. There’s no other choice. Read the rest of this entry »
Posted in Financial crisis | Tagged: inflation | 2 Comments »
In These New Times 