[mattduke]

When the NewSpeak gets to "Quantitative Easing", you have hit a certain milestone.

telegraph

[FireJack]

http://www.chrismartenson.com/forum/its-official-uk-government-now-bankrupt/13513

A good overview by Vanityfox over at the Chris Martenson site. They say its to help the economy, he says it because they've run out of money and need to print more to pay off their debts. I say people are going to be rather pissed when they realize how incompetent their leaders are. Of course no one was going to vote for a competent person saying we should live within our means, just those with shiny baubles saying "more more more!"

[turner]

I wonder how long it takes for the inflationary effects to really kick in following substantial quantitative easing. It would be interesting to get a view on the timing of the events Chris describes.

[Novus]

Inflationary effects won't kick in unless they start turning over that money they are printing to the common man. What is going now theft and fraud on a grand scale which doesn't cause inflation because the poor and middle class are just being robbed to fatten the rich.

[Micki]

Economist John Williams who runs Shadowstats expects hyper inflation in next year (According to his 08 report http://www.shadowstats.com/article/292).
His definition of hyper inflation is that you might as well use a $100 note to wipe your arse.
The usual advise follows; go long scotch, gold and canned food.
http://www.youtube.com/watch?v=9aMmjwaWtsE&eurl=http://www.facebook.com/profile.php?id=537204112&ref=profile&feature=player_embedded

UK and Australia are in the same boat. TPTB have made clear that they are going to inflate out of where we are now. I am somewhat more optimistic on Australia but preference to print is absolutely clear.

[sjn]

This is exactly what I said would happen, I'm not happy to be right though. Being without debts myself, I can't really partake in the party, I just get to share in the resulting aftermath!

[turner]

Economist John Williams who runs Shadowstats expects hyper inflation in next year (According to his 08 report http://www.shadowstats.com/article/292).
His definition of hyper inflation is that you might as well use a $100 note to wipe your arse.
The usual advise follows; go long scotch, gold and canned food.
http://www.youtube.com/watch?v=9aMmjwaWtsE&eurl=http://www.facebook.com/profile.php?id=537204112&ref=profile&feature=player_embedded

UK and Australia are in the same boat. TPTB have made clear that they are going to inflate out of where we are now. I am somewhat more optimistic on Australia but preference to print is absolutely clear.

Thanks for the links, they support what I've been thinking. Why are you more optimistic on Australia? My feeling is that once things implode O/S, Australia will fall quickly and the measures being taken now will be magnified in quick time.

[Micki]

I am relatively speaking more optimistic of Australia because it is a resource rich country so as long as we don't sell out all assets to foreigners then Australia will benefit from global inflation.
Secondly RBA has historically (empirical not researched) been a little bit more disciplined with interest rates than other anglosaxon countries and I believe they will be earlier out to fight inflation.

[alokin]

and because you won't suffer that much in a depression than in Europe and England. No heating, medicare, no need to dress up, nearly everyone has a garden, lots of land and a sense of community.