chem1st Posted October 18, 2011 Share Posted October 18, 2011 http://www.thisislondon.co.uk/standard/article-23999651-biggest-inflation-rise-for-twenty-years.do Families struggling to make ends meet have been hit by the fastest rise in the cost of living for 20 years, shock figures reveal today. The soaring price of essentials such as heating and lighting, petrol and food, sent inflation to 5.6 per cent on the Retail Prices Index. Mervyn King governor of the (private) Bank of England has kept interest rates at record lows to bail out the feckless who took on too much debt, particularly those whom bought property. Inflation is running riot and the common man must pay for the feckless lending through higher food, fuel etc. prices., whilst banks, mortgagees and the parasitic buy to let brigade enjoy record low interest rates, everyone else suffers. Mervyn King will solve the obesity epidemic, the only fat people left will be the bankers and spivs! Link to comment Share on other sites More sharing options...
Tony Posted October 18, 2011 Share Posted October 18, 2011 If you don't understand about the roof over your head, how are you going to cope with fiscal policy? Link to comment Share on other sites More sharing options...
Darth Vader Posted October 18, 2011 Share Posted October 18, 2011 If you don't understand the obesity epidemic, don't bother, either. The greater the social deprivation, the greater obesity levels, so the opposite is true, chemist. Mervyn will make the nation fatter. More parents working longer hours so less time to prepare food, or indulge in activity with their families, cheaper quality food, saying goodbye to the gym membership.... And you've not quite got the 'buy-to-let' thing, either. As soon as interest rates start going up, the banks will own all the properties. The 'little people' who have bought a second property with their hard-earned in an attempt to secure their financial futures will suffer. I'm sure you'll much prefer the situation when there's less competition in the private sector again. Link to comment Share on other sites More sharing options...
wednesday1 Posted October 18, 2011 Share Posted October 18, 2011 If you don't understand the obesity epidemic, don't bother, either. The greater the social deprivation, the greater obesity levels, so the opposite is true, chemist. Mervyn will make the nation fatter. More parents working longer hours so less time to prepare food, or indulge in activity with their families, cheaper quality food, saying goodbye to the gym membership.... ...........unemployed depressed and vegetating watching daytime TV etc, depression, mental health issues. Hey It's getting just like the 1980's all over again, but without the good music! Link to comment Share on other sites More sharing options...
chem1st Posted October 18, 2011 Author Share Posted October 18, 2011 If you don't understand the obesity epidemic, don't bother, either. The greater the social deprivation, the greater obesity levels, so the opposite is true, chemist. Mervyn will make the nation fatter. More parents working longer hours so less time to prepare food, or indulge in activity with their families, cheaper quality food, saying goodbye to the gym membership.... And you've not quite got the 'buy-to-let' thing, either. As soon as interest rates start going up, the banks will own all the properties. The 'little people' who have bought a second property with their hard-earned in an attempt to secure their financial futures will suffer. I'm sure you'll much prefer the situation when there's less competition in the private sector again. People on lower incomes may generally eat more 'fat food', but when they can't afford that, then they lose weight. When forced to walk rather than use a dla funded car or buses, then they lose weight. Buy to let profits at the expense of people, banks profit also from buy to let. The increase in interest rates will hurt both the buy to let brigade and the banks (lower property values of repossessed properties). And it's not 'hard earned', unless they earnt it all themselves, saved it in a bank, and paid cash for the 2nd home. If they remortgaged their house and took on a 2nd mortgage, which most have done, it ain't hard earned at all. And more fool them, as they shall lose two properties. Competition in the private sector? These people ain't philanthropic people trying to drive rent down and provide affordable housing. They are rent seekers, they are after a profit at the expense of others. They are not capitalists trying to lower the cost of production. Link to comment Share on other sites More sharing options...
Agent Orange Posted October 18, 2011 Share Posted October 18, 2011 http://www.thisislondon.co.uk/standard/article-23999651-biggest-inflation-rise-for-twenty-years.do Mervyn King governor of the (private) Bank of England has kept interest rates at record lows to bail out the feckless who took on too much debt, particularly those whom bought property. Inflation is running riot and the common man must pay for the feckless lending through higher food, fuel etc. prices., whilst banks, mortgagees and the parasitic buy to let brigade enjoy record low interest rates, everyone else suffers. Mervyn King will solve the obesity epidemic, the only fat people left will be the bankers and spivs! If this is your gripe at housing, or lack of affordable housing. Just think what would happen if interest rates were increased. The cost of lending would be higher. Link to comment Share on other sites More sharing options...
vwkittie Posted October 18, 2011 Share Posted October 18, 2011 If this is your gripe at housing, or lack of affordable housing. Just think what would happen if interest rates were increased. The cost of lending would be higher. Yes I'm not a member of the 'buy to let brigade' or a greedy banker but am benefiting from the low interest rates, if they were to go up lots of people would find they couldn't pay the mortgage any more. I hope they stay low it's saving me a bloody fortune! Although I imagine in Chem1st's world no one would have a mortgage, we'd all live in identical state owned boxes or something. Link to comment Share on other sites More sharing options...
CXC3000 Posted October 18, 2011 Share Posted October 18, 2011 I always thought Mervyn King was a darts player ? Link to comment Share on other sites More sharing options...
Bulgarian Posted October 18, 2011 Share Posted October 18, 2011 the feckless who took on too much debt, You mean us ? Link to comment Share on other sites More sharing options...
andyofborg Posted October 18, 2011 Share Posted October 18, 2011 You mean us ? you and chem might be, but i'm not Link to comment Share on other sites More sharing options...
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