Is this McBottles last throw of the dice

[youngmafbog]

Still not admitting any part in the UK crisis Brown and his cohorts have now reduced the interest rate to 0.5% and are now busy printing another �75b.

If this doesnt work, just what will we do. He spent all the familly silver on social engineering projects.

[Julnar]

Didn't the Labour government hand over the decision to raise or reduce interest rates to the Bank of England?

[Quinlad]

It certainly did. Literally on its first day in government.

[rov1200]

Printing monopoly money is frightening especially for those who have savings. I suppose the � will sink even further and there is talk of inflation rising again.

[jake-the-peg]

There is talk of inflation rising again

That is the whole point of printing money - to get inflation up.

The problem at the moment is deflation not inflation.

[rov1200]

Have you not been aware of Zimbabe. There the inflation rate went up to 1,000,000%. The money was worthless! By printing money we could be heading along the same road.

[jake-the-peg]

That's like telling an obese teenager not to stop pigging out because he might become anorexic!

[rov1200]

Here's an extract Jake

Like old-fashioned money printing, QE also runs the risk of going too far: pumping too much money into the economy and causing high inflation - even hyperinflation - as seen in 1920s Weimar Germany and modern-day Zimbabwe

[R1Geezer]

They may have handed over the decision, but the BOEis far from independent. In fact I've got to hand it to Noo labour, they can control it by puppetry but take no blame if owt goes wrong, genius.

You know the sort of thing:
Brown: "Mervyn, I was just doing the Queens birthday honours and I got interupted by the treasury, they where wondering whether you where considering lowering interest rates!"
King: "Well as you know Prime minister, the monetary Committee consider all the options weekly, I'm sure they will arrive at the correct decision"

[JimmyCooper]

I am constantly amazed that people actually think the tories would be any different.

Remember the 80's anyone?

Best thing to do is take no interest in it whatsover because you cant do burger all about it

[jake-the-peg]

sorry rov an extract from where?

Yes the BOE could go too far but that's the same for any activity

Hence my analogy of the obese child.

Zimbabwe is a foolish example where Mugabe is just constantly printing more and more money with no concern for the economy.

Do you abstain from drinking because you might become an alcoholic?

Get a clue!