
Originally Posted by
christopher leigh
Daz a good topic.
I like the oil companies and supermarkets, because they produce and sell things we need.Without the oil companies profits, they would have no investment capital for future explorations and technology.And if that happens none of us will be putting petrol and diesel in our cars, in a few years.
The real villan in all this is the government.They produce nothing but impediments.They confiscate the profits of the oil companies, and spend it on an ever increasing welfare state.
Inflation Daz is caused mainly by government borrowing(i.e the printing and spending of bank notes).Rather than tax us more, which is politically unpopular, the government creates money and then spends it.Because more money is then chasing the same amount of goods, prices must rise.
I bought a bag of fruit pastilles from tescos for 48p.Three months ago they were 42p.That is an inflation increase of approx 14%.That 6pence is what the government have taken without you even knowing it!
They get away with it for two reasons:1) people don't understand the causes of inflation, so don't object. 2)People won't let go of the welfare state, even if keeping it destroys the country.
The other point is, any savings you have lose their value in terms of goods.On current trends £50000 today would be worth about £10000-£15000 in 15 years.The government are ruining our futures.
The fault does lie with the older population, for mortgaging their future on the young and unborn.