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NitroNutter · 21-01-2008, 20:10

This is really ironic, taxpayers money is being used to bolster the economy while inflation sky rockets so it can catch up with itself due to past creative accounting and is an attempt to falsely hold down interest rates for the very people who would be both subjected to and annoyed at increased interest rates. Sorry but it has to be said. Con of the millenium springs to mind. Still the warning signs of this has been around for a while, there comes a point where you just run out of bananas to throw into the economy.

What you will be pleased to know if your a present homeowner looking at past rises is anyone who owns a 3 bed semi today their property may well be worth close to a cool million in approximately 50 years time, perhaps just before you die, however a loaf of bread will also be around a nice brown spot, 4 pints of milk will be approximately a brown and a bluey. You will need a fifty to purchase a pint of beer, a bag of crisps or nuts and get some smalll change, change that would not fit in the pool table or one armed bandit, if beer is still legally available an so on. At least by then the penny, tupence, 5p and any demonitation below a quid will likely be long gone. If we are unlucky we would retain the 50p at around this point. The bad news is if your a millionaire in 2050+ then you will not be considered rich or even well off, perhaps comfortable if your lucky would be the term. You would need to be a multi-trillionaire at least to be in the top 100. The gap between those at that level and those on 50% or so of the national average salary will be at least tenfold that it is today.

The only people who are going to benefit from bolstering the economy with tax payers money is the banks themselves, and they will charge you for the privelage, reposess your house when desired etc, gotta love the free and democratic non-corupt society we live in today. Corruption may not be a qualification required to become a politician but it certainly seems like its one thats required to remain one.

21-01-2008, 20:10	#4
NitroNutter Inactive Join Date: Feb 2004 Location: <-- Not All there ? Knock Knock Services: You cannot afford me!!! Posts: 1,139	Re: Northern Rock This is really ironic, taxpayers money is being used to bolster the economy while inflation sky rockets so it can catch up with itself due to past creative accounting and is an attempt to falsely hold down interest rates for the very people who would be both subjected to and annoyed at increased interest rates. Sorry but it has to be said. Con of the millenium springs to mind. Still the warning signs of this has been around for a while, there comes a point where you just run out of bananas to throw into the economy. What you will be pleased to know if your a present homeowner looking at past rises is anyone who owns a 3 bed semi today their property may well be worth close to a cool million in approximately 50 years time, perhaps just before you die, however a loaf of bread will also be around a nice brown spot, 4 pints of milk will be approximately a brown and a bluey. You will need a fifty to purchase a pint of beer, a bag of crisps or nuts and get some smalll change, change that would not fit in the pool table or one armed bandit, if beer is still legally available an so on. At least by then the penny, tupence, 5p and any demonitation below a quid will likely be long gone. If we are unlucky we would retain the 50p at around this point. The bad news is if your a millionaire in 2050+ then you will not be considered rich or even well off, perhaps comfortable if your lucky would be the term. You would need to be a multi-trillionaire at least to be in the top 100. The gap between those at that level and those on 50% or so of the national average salary will be at least tenfold that it is today. The only people who are going to benefit from bolstering the economy with tax payers money is the banks themselves, and they will charge you for the privelage, reposess your house when desired etc, gotta love the free and democratic non-corupt society we live in today. Corruption may not be a qualification required to become a politician but it certainly seems like its one thats required to remain one.