RE: Base rate cut by 0.25% to 4%7 Aug 2025 16:22
Taverham
Every metric used by the government is a con-trick .
The 2% inflation figure aimed at, is a con-trick there is no empirical proof that the 2% figure is some economical holy chalice .
When Great Britain was on the gold standard inflation was generally very low as the amount of gold the country held or controlled controlled spending.
If the UK was still on the gold standard it could not spend as it does now !
It would need to spend, within its means, no Toy Fiat money then.
We may not own as much but we would not be indebted so much either, either to each other or other countries .
Fiat money that toy money created the present situation we are in it enabled governments to borrow wildly, it gave the government a giant Amex card.
The GDP measurement is con-trick, once it measured what we made and sold at home and abroad what was also called the balance of payments cash out V cash in. When you make little to sell at home or abroad you are stumped.
So then they brought into the GDP measurement things that we bought and sold to each other, services mortgages, loans, public spending, they even factor in the idiocy that home owners pay rent ! a little trick borrowed from Germany. Even the money spent on immigrants and illegal immigrants can be factored in , money spent on prisons can be factored in because even prisons employ people and use things like food and power. Building wind turbines will add to the GDP hence the race to stick them everywhere, because once oil and gas production would have contributed to GDP, Miliband does not tell people that.
On GDP per capita that is another lie, as if every one produced the same amount created the same wealth throw the scroungers in with the contributors .
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