Current Feed Content from 30 Sep 08 23:22
Credit Crunch Explained
2008-09-28T23:33:26ZSky news reports Darling telling us not to borrow so much money, you naughty boys.
Robert Brown http://www.where-does-it-go.com The End of Capitalism?
2008-09-28T23:08:36ZForeign investors own 47% of Americas Treasury bonds.Interesting Times, there is not much we can do but hang on and enjoy the ride.
Robert Brown http://www.where-does-it-go.com Inflation and Insulation
2008-09-11T22:44:01ZWith inflation currently at 4.4% everyone in the UK is finding themselves with less money in their pocket.Why did the inflation leap so much? Its the consequence of UK banks flooding more cash into the bank system in April where an extra £50billion was pumped into the system. Every note that is printed means the rest are worth less.
Some say money is the price we pay for civilization, but does that mean it has to be fiat money system? The £ used to be pegged to the price of gold, one Troy pound was equal to one pound note. In 1844 the Bank of England was made the only bank that was allowed to issue banknotes, with exception for the Scottish banks. At the beginning, pound notes were only printed when there was a surplus in the Bank of England of gold to back it up. This did mean higher interest rates to keep the gold standard supply.
The gold standard was abandoned just before the First World War, which virtually crippled the UK, only exasperated by the Second World War. The UK entered decades of decline, only halted by the discovery of North Sea oil. Now we employ a fiat money system borrowing is easier, but are we better off?
Robert Brown http://www.where-does-it-go.com UK Tax Rebate in simple figures
2008-09-01T17:52:27Za salary calculator to work out how much you will pay.Robert Brown http://www.where-does-it-go.com De Ja Vu? MP Darling defends stating the UK Economy is going into recession
2008-08-30T18:15:10Zclaim back VAT they shouldn’t of paid in the first place because they overpaid?
Or the rebate to make up for the blunder of not noticing abolition of the 10p tax rate would put the lower paid workers out of pocket?
Judging the Economy via Search Volumes
Marx cackling in his grave?
As repossessions continue, we could see houses being sold only to the cash rich, leaving less and less people in control of more and more property - we’ll become a nation of renters and a tiny minority of landlords. If it really goes tits-up we could even see those landlords falling foul of high interest rates and rising costs, with more nationalisation of banks to prevent the economy collapsing.
I sit here working, earning more than I have ever done before, yet find myself with less and less disposable income. I work to keep myself in just enough comfort to continue working.
Why does this all sound familiar?
The
worker becomes all the poorer the more wealth he produces, the more his production
increases in power and range. The worker becomes an ever cheaper commodity the more
commodities he creates. With the increasing value of the world of things proceeds
in direct proportion to the devaluation of the world of men. Labour produces not
only commodities; it produces itself and the worker as a commodity — and does so
in the proportion in which it produces commodities generally.Marx - Economic and Philosophic Manuscripts (1844)
How The Banks Bet Your Money UK
Car Tax Rules
Online Finance Planners
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