Comments by "" (@foxmoongaze) on "Richard J Murphy" channel.

@garethhumphries4039 Sure, but the money supply has inflated far beyond what's healthy over the last few decades and now the currency itself is a very poor store of value, and medium of exchange, as it's value has been greatly debased. Commodities may be a more difficult medium of exchange, but many have retained more value, some completely.
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The UK and the EU are fecked! The leaderships have orchestrated the demise of their countries. It's over until there are complete changes of leadership and new independent ways of thinking that do not rely on the USA. Europe is no longer taken seriously, the world has moved on and can survive and prosper without it. All European countries need to focus on sovereignty and sort out there own issues, without wasting time, effort and money on globalist designs.
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@tancreddehauteville764 Resetting the pound 1 for 10 would signal a failing GBP to the world, and not change behaviour, in fact it would probably speed subsequent spending and inflation. Other currencies in Zimbabwe, Argentina, Venezuela, Weimar Germany etc have taken the same path to currency destruction....
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@clementattlee6984 I did not say fiat currencies ARE worthless, I said they are BECOMING worthless. All fiat currencies are falling, compare them to real assets like property or gold. My parents house has increased about 40 times it's 1974 value, mostly because the GBP has lost value, not because the house has improved.
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@Vroomfondle1066 We were actually talking about money, and the purchasing power of the GBP has lost about 98% of it's value in the last 50 years, nothing Draconian about it. Wages rarely keep up with the true inflation and savings never do. Needing to receive (and fight for) pay rises just to maintain ones standard of living is not a good way of life or an indication of a healthy economy.
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Ah, I see you think pensioners deserve it because you didn't want Brexit. Anyway, we never got a Brexit as Labour and the globalists squashed dead every chance and opportunity that came with it - now the UK is a just pseudo member of the EU and a complete joke.
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@RobinHarris-nf4yv The EU parliament leaders are not voted for/elected by the public, they are appointed by their peers. The EU, and it's courts, have power over the sovereign nations and tell them what to do and what is and isn't legal - I call that control. The EU is a catastrophe and becoming more akin to what was the USSR. The EEC and the "common market" was a much better preposition.
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@RobinHarris-nf4yv I think you are reading from the hymn sheet and not looking at reality. Brussels demands ever more power to command the sovereign states and NATO has become it's partner pulling strings. Brussels has managed to turn the EU from a "global economic superpower" into a "has been". Look at Germany, once the powerhouse of the EU, now just a shadow of it's former self, thanks to Brussels. The EU may have been a good idea once, but now its a strutting, sanctioning, pile of poo poo. The EEC was a far better idea for European countries.
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@RobinHarris-nf4yv Ireland and Apple would disagree with you! Brexit never really happened as every boon and opportunity was squashed and squandered by a parliament determined to make it fail. As you are making guesses, my guess is you vote green and believe everything you hear or read from the MSM.
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Of course Dyson left the UK as Labour and Tory remainers betrayed brexit and foiled all opportunity it offered, giving us the worse of both worlds. Inheritance tax is an abomination.
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Yes, the kettle calling the saucepan black......
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We no longer use "money", we now only have currency which is a credit note, or a promise to pay money. The currency is forced onto us by only allowing taxes to be paid with the currency.
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@Tensquaremetreworkshop Hmmm, I think the point is not that the car might have a limited life, but that premium bonds and savings are not a good use of earnings, and very unlikely to become so. In fact, I think it stupid in the economy of the last 50-60 years to save GBP (or any currency). This would change if the interest rates were higher than the real inflation rate, but I don't ever see this happening (the cock eyed CPI is not an accurate measure of inflation, RPI is usually closer).
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@theolddog5129 Maybe, but why would anyone save currency anywhere when those savings always lose purchasing power? In fact, all fiat currencies trend towards zero value - which is why everything becomes more expensive over time in spite of advances in technology and efficiencies of scale.
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@Tensquaremetreworkshop They won a cutlery set and £10 once for the whole 60 years they have held them - not much fun and not much of a return. My father says he bought them at a time when people believed the pound had real value, and by the time he realised otherwise they weren't worth cashing in. It's better to invest in a company that makes something real that is needed. How do you measure your inflation? Actual inflation is the increase in the money supply hence the term "inflation", and rising prices are nearly always a consequence of inflation (excepting short term supply issues for particular goods).
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@Tensquaremetreworkshop The CPI does not reflect inflation, it just measures the price of a selected group of items which has been tinkered with over the decades to make it look better. I have heard that if we used the same measure as that used in the 1980s the CPI would be about 8-9%.
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@Tensquaremetreworkshop Interesting, I guess the only true way to measure the effect of inflation on yourself is the way you do. I do think the trend (probably started over 100 years ago) regarding currency devaluation is unsustainable, and is the culprit for the financial mess we are seeing. Measuring the GBP against other falling currencies only gives a measure of which is falling fastest, not the value of a currency which can only be measured against purchase prices over time. The difficult thing is finding something to accurately measure currency value against to ignore most of the the effects of advances in technology and efficiencies of scale - I guess that's why gold is often used.
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@7zark785 The mainstream media peddle the claim that 97% of (climate) scientists believe in man-made Global-Warming and that, therefore, there is no debate to be had on the subject. This is false and irrelevant. To get the 97% figure, they basically counted people who had mentioned Climate-Change in an abstract or heading of a scientific paper. Reviews of the work and shows that, in fact, only 0.3% of the papers claim that ‘man had caused most post-1950 warming’. Science isn’t about consensus, it is about fact.
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@7zark785 My replies are being deleted - sorry
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@antonyjh1234 Err, no..... and no, and no
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@antonyjh1234 So you think anyone not agreeing with your version of the truth should be denied a voice ....... you would rather censorship and control rather than democracy and free speech - no thanks.
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@7zark785 The mainstream media peddle the claim that 97% of (climate) scientists believe in man-made Global-Warming and that, therefore, there is no debate to be had on the subject. This is false and irrelevant. To get the 97% figure, they basically counted people who had mentioned Climate-Change in an abstract or heading of a scientific paper. Reviews of the work show that, in fact, only 0.3% of the papers claim that ‘man had caused most post-1950 warming’. Science isn’t about consensus, it is about fact.
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@antonyjh1234 I have tried to answer several times, but they keep being removed, probably because they don't follow the desired narrative - go figure......
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 @zetectic7968 Where you make a personal attack it undermines your opinion, and seems to imply no real argument....... have a good day 🙂
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@antonyjh1234 .... you are not making much sense, so I wish you a great day and hope you enjoy all the privileges that might be bestowed on you 🙂
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Government debt = consumption debt, not productive debt that can be paid back by the debt investment.
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@markwelch3564 Argentina still has a long way to go, but, made strides forward and put itself in a much better place since slashing spending, dropping pointless initiatives, and removing a large deadwood of unnecessary government. It has given itself a chance to get out of the death spiral it was on.
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@markwelch3564 Maybe, but the previous trajectory was doomed, and at least this path gives them a chance to rebuild as the country is rich in resources.
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@markwelch3564 A bit like the UK there then 😄
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@pauldandurandboots Inflating the number of I.O.Us beyond the value of resources and productivity is systematic to fiat currency. We always have inflation and it will eventually take the value of each I.O.U ever closer to zero. Even the 2% inflation target of most central banks will doom a fiat to fail one day, it's inevitable.
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The government has no money itself, but spends and wastes the public's future earnings with abandon, which is why we have this huge national debt. The debt is reduced/managed by inflation, which is in effect a stealth tax, which steals wealth from everyone (except the bankers and elite who receive any new money first before existing money devalues). So I understand the argument, but disagree that the debt is good. The GBP has lost 98-99% of it's spending power since the 1970s and is no longer real money, but currency and just an empty promise or I.O.U.
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@oneoflokis That's funny ...... thanks for cheering me up
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@oneoflokis Currency, not money. All currency is credit. Credit is not money. So some people have a lot of credit and some a lot of liability. A country can't endlessly increase it's liabilities without destroying confidence in it's currency.
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