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UK to start printing money?


NormanH

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[quote user="NormanH"]According to this article  in the Financial Times once UK rates fall close to zero, the UK authority’s only option to

provide a monetary stimulus is to pump money into the financial system.

Haven't we seen the effects of that elsewhere before?[/quote]

Yes indeed.  Wilson and Macmillan.  But I thought from your comments elsewhere that you rather approved of the tactics of Old Labour.

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It seems the Western World's Financial system has managed to bypass printing money by magicking money from cyber space for the last 25 years. A 'shadow banking system' helped hide the con,  then the clever bankers embarked on what was  effectively a complex pyramid selling scheme with the dosh they had magicked from their keyboards. Now the pyramid has collapsed and no one has clue how far up the creek without a paddle we really are. I wouldn't be surprised if money presses are  running redhot at this very moment to make the financial systems magicked money real.

We are living in interesting times.

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I think oil futures are the place to be, it simply cannot and will not stay where it is and within the industry, and don't forget that I work in it at the 'coal face' so to speak, in the the medium term of 2-5 years $70-90 is reckoned to be an achievable and sustainable price.

Gold of course has the advantage that you can physically possess it, black gold is a tad more nebulous [:D]

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[quote user="ErnieY"]I think oil futures are the place to be, it simply cannot and will not stay where it is and within the industry, and don't forget that I work in it at the 'coal face' so to speak, in the the medium term of 2-5 years $70-90 is reckoned to be an achievable and sustainable price.

Gold of course has the advantage that you can physically possess it, black gold is a tad more nebulous [:D]

[/quote]

Don't some of those contracts still offer physical delivery? Forget about a handful of gasoil longs (as did one of my more intellectually challenged former collegues, who also seemed to have a bit of a blind spot with messages marked "urgent") and you could find your heating oil problem solved for life.

I could not with an easy conscience reccomend anyone attempt to trade oil, except with someone elses money. Betting on the nags is a more sober investment by far.

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