new great depression near?

[Scythe13]

That's almost the same thing I've been saying even before I joined this forum. We're heading into a depression, economically. No matter what we hope will happen, things are going down hill. The UK pound, US dollar, and the Euro, are all being hugely devalued by the quantitative easing....however prices have not reflected the true level of inflation that should have been caused by the increase of the amount of currency that has entered circulation.

How can an economy of 64million people, have an injection of over £11billion (not sure if that's our current level of increased currency) cash into the system, and still have tins of beans cost 28p (Tesco)?

By now we should have entered much more inflation than we are being told. The currency has been hugely devalued, and the IMF is making another 500million available to help weaning countries.

Compare each currency to it's Gold cost. Then work out the actual inflation. Gold was $27.5 per ounce, back in the 50's. Now it's over $1000 an ounce. The dollar has taken a beating of over 98% reduction in it's buying power. But check out the last 10 years of financial records. Dollar to Gold, Pound to Gold, Euro to Gold. Then the same with Silver, Oil, or any other commodity. Our currency is being devalued dramatically, and the only way to maintain it......print more money. Which will increase the inflation rate even further. You could always try deflation.....but that really doesn't help. I can't find a single example in history that shows a useful benefit of deflation. Every time it has been employed....disaster!!!

I will say this again, Silver is the best current purchase available, and at current devaluation levels, should be much closer to £200 per ounce!!!