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BBC article compares Britain to Weimar Republic and Zimbabwe

Submitted by Brit4RonPaul on Fri, 03/06/2009 - 18:56
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When the BBC tells you not to panic, the only sensible response is to stock up on tinned goods, gold, silver and illegal weaponry.

http://news.bbc.co.uk/1/hi/business/7924506.stm

Here's an extract:

"Quantitative easing is a high-risk strategy. If it is not done aggressively enough, banks will remain unwilling to lend and the crisis could drag on. To some extent that is what happened in Japan when this was tried 10 years ago.

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.

But in those cases, the government was printing money simply to pay the government's bills. They were not responding to the risk of deflation as the Bank of England is today."

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I suspect a rush to gold, euro and dollar, but food is best.

Submitted by iehuvihs on Mon, 03/09/2009 - 06:25.

The term quantitative easing refers to the creation of new money 'out of thin air' by a central bank for injection into the banking system in an attempt to increase the money supply. This boost in the money supply is intended to increase the availability of credit.
http://en.wikipedia.org/wiki/Quantitative_easing

QE leaves financial expert Paddy Hirsch "in need of a drink".

Submitted by Brit4RonPaul on Sun, 03/08/2009 - 12:04.

Great video.

http://www.youtube.com/watch?v=ohKQP_wSO9k&feature=channel_page

The key thing to remember is that central bankers are co-ordinating policy at a global level. That's not a secret. They told me that on the BBC World Service.

http://brits4ronpaul.blogspot.com/

http://lpuk.blogspot.com/

http://northwestlibertarians.blogspot.com/

They are probably going to

Submitted by iehuvihs on Sun, 03/08/2009 - 10:56.

They are probably going to tank the pound and usher in the Euro.

Joe six-pack is alive and well in Great Britain! How does....

Submitted by SteveMT on Sat, 03/07/2009 - 11:08.

this guy keep a straight face? We need an American version of this video so as to explain this crisis to the sheeple. Maybe Geithner, Paulson, Bernanke, or perhaps Greenspan could don the garb of the auto repairman and explain what they are doing with our money. Imagine that!

Ha ha ha

Submitted by Michael Nystrom on Sat, 03/07/2009 - 08:44.

This part gave me a good laugh:

-----
But in those cases (Weimar Republic & Zimbabwe), the government was printing money simply to pay the government's bills. They were not responding to the risk of deflation as the Bank of England is today.
-------

This is exactly what the Fed is doing - printing money to buy Treasuries!

You have to laugh, to keep from crying.

that's the part that cracked me up also

Submitted by Big Naughty on Sat, 03/07/2009 - 17:08.

so they're basically saying that those other countries were printing money out of thin air for the wrong reason. so that's why they ended up with hyper inflation. but since the Bank of England is doing it for the right reasons everything will be okay.

—

No matter who you vote for, the government always gets in - Bill Hicks

You`ll never walk alone

Submitted by Fabio on Sat, 03/07/2009 - 06:28.

I know the european network of liberty-minded people is still tiny, but it makes me hope that at least some of us won`t at least never raise arms against each other again.
I really hope the mess does not degenerate in some sort of "endgame".
I`m not sure what happens if Germany drops the Euro, because of public protest at home. My fear is that the spin doctors direct those political and economical deteriorations in a wrong way.

By the way: GO UKIP!

I whished I could vote Nigel Farage. I`d rather have him as chancelor...

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Hasta la libertad, siempre ;-)

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Hasta la libertad, siempre ;-)

Was that a Liverpool FC reference Fabio?

Submitted by Brit4RonPaul on Sat, 03/07/2009 - 10:48.

My girlfriend is an LFC fan and she loves: "You'll Never Walk Alone".

Liverpool versus Barcelona:

http://www.youtube.com/watch?v=RAieP1u3Q0Y&feature=related

I'm not a member of UKIP myself. I joined the LPUK. The LPUK want to get out of the EU as well as introduce monetary reform:

http://lpuk.org/pages/manifesto/economy/monetary-reform.php

Ian Parker Joseph for Prime Minister!

http://brits4ronpaul.blogspot.com/

http://lpuk.blogspot.com/

http://northwestlibertarians.blogspot.com/

I like Liverpool FC

Submitted by Fabio on Mon, 03/09/2009 - 04:43.

And I like what I see on Youtube from UKIP.

Matt (Brits4RP) is a UKIP-member, I think.
But I do not know that much about them. I just love it whenever Farage blasts the Eurocrats.

--------------------------------------
europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)

—

--------------------------------------
bavaria-for-ron-paul.blogspot.com
Hasta la libertad, siempre ;-)

Matt Davies left UKIP a long time ago! He's with the LPUK now.

Submitted by Brit4RonPaul on Wed, 03/11/2009 - 16:17.

His Brits4RonPaul blog explicitly promotes the LPUK. I recently started to guest blog on there as "sound money man".

http://brits4ronpaul.blogspot.com/

Here is the national LPUK blog:

http://lpuk.blogspot.com/

And here is my regional party blog:

http://northwestlibertarians.blogspot.com/

UKIP?

Submitted by Tyler Cole on Sat, 03/07/2009 - 10:43.

UKIP is merely a con organization setup to channel and redirect genuine nationalist and anti- EU sentiment away from any serious resistance to Britian's full incorporation into the New World Order. If you have ever watched Farage do an interview, I would think this somewhat obvious. What proves my point, however, is that when the British National Party - which truly does oppose the enslavement of our island ancestors - sought to form an electoral non-competition alliance for the June EU elections (so as not to split the anti-EU vote, which is the reason for UKIP's existance) Farage, as the obvious stooge and tool that he is, refused.

Why would Farage refuse such an offer? Because he and his party aren't really serious about withdrawl from the EU, or anything else that they've promised those who foolishly vote for them. The only vote that matters in Britian is a vote for the British National Party.

Your first line

Submitted by Colognepaulist on Thu, 03/05/2009 - 21:06.

made me laugh, but it's actually very sad. From all I hear the prospects for Britain seem to be very grim.

Fellowship of the White Rose

—

Ron Paul was right

Indeed.

Submitted by Brit4RonPaul on Sat, 03/07/2009 - 04:07.

Britain is especially vulnerable as a densely populated island that depends heavily on food and fuel imports. When sterling crashes, how will we feed ourselves?

The situation in America is not quite so bleak. If the dollar collapses, Americans will still have enough arable land to sustain the population.

http://brits4ronpaul.blogspot.com/

http://lpuk.blogspot.com/

http://northwestlibertarians.blogspot.com/

No Gas For The Trucks

Submitted by Susan on Sat, 03/07/2009 - 08:10.

We have the arable land however, the grocery stores have only 3 days of food on hand and heavily depend upon the giant network of 18 wheelers that move the food all over the country. We could switch to "locally grown" and probably will just by necessity but, there will be problems will the densely populated Northern States where I am guessing population is already much too high for the available land and short seasons to support.

Home gardens are great and, although they are against the stipulations in many suburban homeowners associations, that would change rapidly. I don't believe home gardens can fill the massive food requirements of these areas.

We are going to need steady fuel supplies to keep the food moving too. There were a couple threads yesterday on Monsanto moving to outlaw gardens! I'll see if I can find them.

Farmers need credit to buy fertilizer and seed, they need fuel for the mammoth tractors and credit is in short supply. Commodities have crashed and in some cases it costs more to grow than they can sell it for-why plant and tend?

I was also reading there is drought expected this year which will reduce harvests.

Big problems coming soon! How is it that we never seem to examine the stupidity of some of these arrangements before we put them into place?

Interesting.

Submitted by Brit4RonPaul on Sat, 03/07/2009 - 12:13.

Only three days stock in the grocery stores?

I was wondering about that over here, given that the Baltic Dry Index (shipping) recently fell to zero.

Most folks on the DP seem to agree that the rural USA is a better long term survival bet than the big cities. Colognepaulist has the same thoughts about Germany. I think the British "countryside" is not such a good bet.

Whereabouts are you in the USA?

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What makes you think that?

Submitted by knoxknox on Sat, 03/07/2009 - 19:19.

As I live in a very rural community that makes use of local produce I wonder why you think the British countryside is not such a good idea? I'm actually thinking of hedging my bets and keeping a small place here and elsewhere - outside of the UK. Just wish I'd thought of it before.

You live in the Isle of Man knoxknox.

Submitted by Brit4RonPaul on Sun, 03/08/2009 - 03:45.

I wouldn't comment on the urban-rural distinction off the mainland. On the mainland, we don't have much of a "countryside" any more.

How can we "live off the land" when we hardly own any land, even in the "countryside"?

My girlfriend loves watching property TV shows she's taped. I've often sat with her and watched the British show "Escape to the Country" back-to-back with the American show "Extreme Makeover: Home Edition".

The difference between rural life in the two countries is very clear. Even poverty stricken Americans in ramshackle houses often own a fair amount of land! That show could never be made in the UK. Only wealthy Brits could possibly own enough land to have their property extensively re-modelled. With "Escape to the Country" I am always struck by how much traffic noise these "country dwellers" have to put up with from the constant rumble of passing juggernauts. Living in the heart of Liverpool would be much quieter.

http://brits4ronpaul.blogspot.com/

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http://northwestlibertarians.blogspot.com/

True

Submitted by knoxknox on Sun, 03/08/2009 - 09:27.

In such a small country land is obviously at a premium but as long as the city dwellers don't descend on all the rural yokels I still think we could cope. I don't think we each have to have large amounts of land individually. Presently, there is a local initiative to supply allotments - local legislation means that the government has to obtain/supply allotments if six signatories request it. There is huge demand - ever-increasing. However, I believe we could start bartering within communities, if the need arises.

Call me a conspiracy theorist - whatever that is - but I believe that the EU has successfully forced out the small farmer, has succeeded in making us dependent on others and ruined our self-sufficiency, thereby making it easier to control us.

bump

Submitted by legalizeliberty on Thu, 03/05/2009 - 18:58.

peace patriot*)

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