This page has been archived and commenting is disabled.
Next step towards Hyperinflation in the UK: Rationing!
The UK has been producing above average inflation numbers for a while now.
We already mentioned the risk of a potential hyperinflation in the UK, as the British are currently experiencing the repercussion of printing money out of thin air!
The QE’in of the British debt problem has not only accelerated inflation, but there’s another problem on the horizon: rationing!
Via The Telegraph:
She revealed Asda’s own “average household” income
tracking showed families’ disposable incomes were falling fast,
dropping 8pc year on year in May – the largest decline “ever”.
It estimates the average family now has £165 a week in discretionary
spending power and are facing a £14 “gap in their pockets” forcing
many to ration.
This is what you get when income levels don’t follow the rate of rising costs.
Meanwhile, people are fearing the future, with all the ‘doom & gloom’ coming out of Europe:
“It’s a toxic mix: Facts and fear. We have got to stop scaring people,” she said.
“When I speak to people in our stores every week what they tell me they are getting increasingly worried.
“We talk about things in the press, how bad things are going to be,
they hear about another eurozone crisis, they read about debt in
Greece and billions of pounds of bail outs for it. But if you work on
a checkout in Swansea or Glasgow or Leeds then you truly don’t know
what it means to you.”
Ms McKenna said Asda was not planning on a recovery in consumer confidence “any time soon”.
Fear: the next force for a potential hyperinflation!
“The monetary
base of the country flees, producing widespread fear that individuals
will not be able to convert local currency to some more transportable
form, such as gold or an internationally recognized hard currency.” per Wikipedia.
We urge citizens of the UK to protect themselfs… while they still can!
Buy physical gold and silver and stash your investment portfolio with qualility gold and silver stocks.
Register for our Free Newsletter and follow us on Twitter.
- advertisements -
Is that an English hottie in that pic? Like the ones they brag about? Why not live on love...and some corned beef.
possibly the most idiotic article I've ever read, anywhere
premise & photo imply govt rationing, primary source just says that broke ass consumers might have to ration themselves
Do I detect a certain (false) smugness from non-UK ZHers.
Stagflation for years to come, at the very least.
This article is nothing but fear-mongering. The Uk is in no different position to the rest of the world.
Whilst that position is not good, to try to use this Telegraph article to pump gold/silver, and its own services, is abhorent.
ZH needs to tighten up what it allows on here.
ZH needs to tighten up what it allows on here.
That's not going to happen. I thought it was a new low for ZH, when they linked to Glenn Beck's show a couple of days ago. However, ZH is a business enterprise, and like every other business, operates for profit. ZH still posts incredibly informative articles, but they post a lot of crap too. I believe they're just trying to appeal to as broad of a base as possible. Sadly, doom and gloom articles, precious metal threads, and divisive figures, generate the most page views.
Just read the good stuff and skip over the crap.
As i said to folks in the national health service after their bad outcome...
'If you ain't happy you can have your money back'
It is really simple.
Back before welfare and fuel subsidies and unemployment benefits people knew they had to work or suffer. That is why emerging asia is continuing to grow. You dont get paid to sit at home and having more welfare babies.
End all entitlements and welfare and subsidy. Watch the economy grow over the next twenty years. Watch the UK become the atlantic tiger.
US up next and Obama and his communist cabinet will tell you that we all have to make sacrifices as he is eating the finest at the hite House with the corporate executives and Bankers that stole all the money.
They could buy gold or silver, but the message really is to just get your money out of gbp (and not into euro!).
BigDuke6
"At worst it is a shithole"
Are you just passing through?
i was a polyp that passed out its sphincter with a loud parp and a trail of mucus and smegma.
i secretly yearn to return to that warm colon but its too shitty.
UK is just a big derivative processor.
What is the uk?
At best it is a transit lounge - the indigenous folk going and many new arriving, with no sense of belonging, community or nationhood.
At worst it is a shithole where all its people are continually betrayed by a political class driven by guilt of empire and trying to play big on the world stage where really everyone knows the place is a dead stick.
Its a true lesson in how to fuck an empire completely in under 100 years.
when the pound really goes to shit i might buy a title and a little castle there... cheaper every year.
Well, what you say is true and false. If they didn't have to fight WW2 then things would have been very different. But you are right, it is a shithole. And, especially in London, its basically a city of individuals. No one gives a shit about anyone, and everyone thinks they are more important than the next guy.
You have it completely backwards. The problem isn't that people see themselves as individuals; that is a good thing. The problem is when you try to make individuals see themselves as a collective, and then force them by law to support and take care of the lazy and unproductive. This simply feeds the animosity and disdain people have for each other when you turn the majority of have nots against the minority of haves. Everyone hates each other then because the state has basically convinced the have not majority that it's the haves fault their lives suck (when it's really their own fault and the poor economic policies of those in power)!
It is not the desire for individuality that makes a country suck. It's the battle to destory the individual in favor of the collective that makes a country suck! An increase in the welfare state will always make a country suck, and is always on a path to greater collective misery. Spreading the wealth eventually morphs into spreading the misery; welcome to the welfare state!
This goes into my quotes file. Thanks.
Thanks for nailing it to the wall for all to read. This describes exactly the social dynamic in all modern fiat societies. Everyone is walking around feeling worthless, so they ascribe the same qualities to their fellow man and you end up with a dysfunction at every level.
If people understood what was happening to them then they would turn their attentions to the culprits and dispense with them, but the oligarchs spend most of their time trying to keep the people in a state of confusion to save their own asses. Eventually that confusion turns to anger and dread, and the fun begins.
I am Chumbawamba.
As a once-proud Brit, I completely agree with you and this thread. A great shame.
fear is the product you push
i'm a truth addict
ah shit i git a headrush
fear is your only god
ratm
This article is nonsense and the type of blatant fearmongering that the article ironically refers to.
People are being forced to reassess their discretionary spending. A long overdue reality check.
"People are being forced to reassess their discretionary spending. "
That's a nice way to say they're broke!
Maybe so. But your comment brings up another thought: in a world of dis-reality, so-called "fear mongering" brings some balance to what I term as "confidence mongering."
I'm not sure what's worse, the pied-pipers or the boys who cried wolf.
Good point. At least the fear-mongers are preparing people for the inevitable, while the confidence-mongers are leading people to doom.
I am Chumbawamba.
The only 2 comments needed so far are the ones above.
And to suggest that people who are deciding between road kill and dog food should be putting money into silver and gold is ludicrous.
You make a fair point.
The whole place seems to be running on credit.
i worked there for a few years as a mid level surgeon and everyone else seemed to have more money than me. Spend, spend seemed to be the idea.
Even the unemployed seemed to be able to go on holidays to spain every year....
fucking nuts.
What's a mid level surgeon? Between the tits and the navel?
In fact, one of the big political debates in recent years has been whether or not to send heating-fuel subsidies to pensioners who are abroad (i.e. Spain) during the winter months. If they were serious about austerity, would there be a debate?
Have you been to Spain in winter. It can get really cold, and I'm not being sarcastic !
Its incredible the market has given the UK a pass so far. The ability to print may protect their gilt market for a while but the value of stirling will devalue much further v gold and even the $. When real austerity hits the UK it will be worse than the US as the welfare state in the UK helps many more people as a % of population.
Firstly, you can't even spell Sterling.
Secondly, do you have some evidence regarding US v UK welfare payments?
If not, shut the fuck up you twat.
Inflation IS austerity.
Yes but its not noticeable when you mask it with welfare checks , pay rises and a booming housing or stock market. We are going to be 0 for 4 on those very shortly and thats when inflation is noticed , ergo austerity.
corned beef for the poor...like during the war...put your cats under protection...they may be tempting your neighbour soon!
In anyone hasn't sayd it already, the rationing is occuring because you can't fight "police actions" (aka wars) on ten fronts without rationing.
I suggest putting the cats in the protection of the microwave. Don't forget to turn the power on to high so they have some light in there...
Bad dog.