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Economist Jonathan Davis discusses the cost of living crisis and tackling inflation

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12 Comments

12 Comments

  1. @michelangelope830

    January 9, 2024 at 10:35 am

    i have discovered the nature of money that would provoke the gold and cryptocurrencies market crash. If you buy put options on gold and with your influence make my theory on money known you would become rich. Being everything else the same imagine a country with a baker, a fishmonger and a singer with no gold and another with a baker, a fishmonger and a guard to protect gold inside a vault. Which one lives better? Which one is wealthier? The country with no gold is wealthier because the baker and fishmonger get entertained by the singer for their money but the country with gold have to work to pay the guard to protect a mineral that offers no wellbeing or wealth because is useless inside a vault. An analogy would be an innocent kid after saving his pocket money buys a bicycle and his father tells him that he can store the bicycle in a garage unused to sell it in the future, but the rent would cost him some of his pocket money or he can use and enjoy the bicycle. Which option would the kid choose? There is not benefit in buying to sell because no value is added. Do you understand? Gold becomes wealth when is used, sparing the cost of protection. Because gold is increasingly more expensive to dig out as there is less underground and is increasingly cheaper as there is more on offer overground there would be a point when nobody would be mining the mineral. How much cost the taxpayers to protect gold? Cryptocurrencies are a number but money is transferable debt, a promise to give value for value, a number and a name. Who would sell last, capitalist or communist? Exchanging gold for goods and services is barter and everything useful is a store of value. Humanity is throwing fortunes to the rubbish bin, buying, selling, moving gold stupidly from one vault to another paying the cost of transportation, storage and protection of a mineral valuable for its usefulness in jewellery and manufacturing because don’t understand money and pays for scarcity instead of usefulness. Would an innocent kid exchange what £46,891 can buy for 1 kilo of gold? (price on 19/3/2022). Would you exchange what gold can buy for gold? The gold market is a bubble about to burst. An innocent kid understands because sees gold for what it really is, a mineral that does not satisfy any essential needs and is not particularly beautiful, and he doesn’t care if it is rare. And wants to understand because he is not averted to say “you are right”, that also means “i am wrong” because he is honest and has an open mind.

  2. @emmadudney2504

    January 9, 2024 at 10:35 am

    It's a big club and we ain't in it

  3. @run2cat4run

    January 9, 2024 at 10:35 am

    What happened to taking back control?

  4. @Anthony1uk

    January 9, 2024 at 10:35 am

    Green Energy is a luxury. You are not going to go to Ethiopia with bottles of San Pellegrino and caviar to feed the starving. It will be tap water and rice. The same logic should apply to energy. When we can afford it, then have 30% green energy addons. Till then, cheap and cheerful fracking and crude oil

  5. @sirbasilflapjack671

    January 9, 2024 at 10:35 am

    Well I can't stop shopping at Primark. It's the only retailer that provides me with special socks for my webbed feet. I really would feel the pinch, otherwise.

  6. @shamteal8614

    January 9, 2024 at 10:35 am

    This is where Maggie went wrong, instead of trying to bring in a Poll Tax she should have increased energy prices and we as now would just meekly accept this scandalous rip off.

  7. @lilgoof3321

    January 9, 2024 at 10:35 am

    Why the increase? What are the reasons?

  8. @capncaveman7144

    January 9, 2024 at 10:35 am

    Why can’t we get rid of this green levy like Germany has ?

  9. @markfinan4387

    January 9, 2024 at 10:35 am

    Vote reform UK

  10. @nockianlifter661

    January 9, 2024 at 10:35 am

    The intention is to drive down our standard of living, to destroy the middle class completely and create a two tier system of owners and slaves. Inflation is deliberate, it transfers the wealth of the population to the central banks and their owners. The central banks intend to become the buyers and sellers of last resort-to own almost everything. One global bank and one global digital programmable currency. We own nothing, we rent everything and our consumption is strictly regulated by our compliance to a new set of social rules.

  11. @jameswatt7249

    January 9, 2024 at 10:35 am

    It is horrible in Australia, I can’t imagine the the pain in Britain. We need AUKUS.

  12. @billbob1250

    January 9, 2024 at 10:35 am

    Why don’t we legalise Cannabis in the UK and the government will tax it and it will bring a lot of money into the country!!

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