Comments on: Japan leads the way down http://www.johnredwoodsdiary.com/2008/12/26/japan-leads-the-way-down/ Conservative Party Candidate for Wokingham Sat, 20 Mar 2010 04:08:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: adrian Peirson http://www.johnredwoodsdiary.com/2008/12/26/japan-leads-the-way-down/#comment-29653 adrian Peirson Sat, 27 Dec 2008 18:41:20 +0000 http://www.johnredwoodsdiary.com/?p=2473#comment-29653 Abolish the Private bank of England and Have Govt Issue our own currency free of charge into bthe economy rather than borrowing it at interest from the international moneylenders. Ron Paul in troduces bill to abolish the Federal reserve and allow the Treasury Issue its own currency free of charge. Just like Kennedy's executive order 1110. http://www.house.gov/paul/congrec/congrec2002/cr091002b.htm Why borrow money when the crown can simply issue it free of charge. Whose Side is her majesty on, ours or the Bankers. http://www.john-f-kennedy.net/executiveorder11110.htm Abolish the Private bank of England and Have Govt Issue our own currency free of charge into bthe economy rather than borrowing it at interest from the international moneylenders.
Ron Paul in troduces bill to abolish the Federal reserve and allow the Treasury Issue its own currency free of charge.
Just like Kennedy’s executive order 1110.

http://www.house.gov/paul/congrec/congrec2002/cr091002b.htm

Why borrow money when the crown can simply issue it free of charge.
Whose Side is her majesty on, ours or the Bankers.

http://www.john-f-kennedy.net/executiveorder11110.htm

]]> By: Rob H http://www.johnredwoodsdiary.com/2008/12/26/japan-leads-the-way-down/#comment-29646 Rob H Sat, 27 Dec 2008 15:14:52 +0000 http://www.johnredwoodsdiary.com/?p=2473#comment-29646 What about leaving the interest rates to the marketplace and preventing the Govt. (whichever one) from prolonging the up cycle for their own political advantage? Do you really beleive the MPc is independent? Interested in your thoughts. What about leaving the interest rates to the marketplace and preventing the Govt. (whichever one) from prolonging the up cycle for their own political advantage?

Do you really beleive the MPc is independent?

Interested in your thoughts.

]]> By: DBC Reed http://www.johnredwoodsdiary.com/2008/12/26/japan-leads-the-way-down/#comment-29636 DBC Reed Sat, 27 Dec 2008 09:20:24 +0000 http://www.johnredwoodsdiary.com/?p=2473#comment-29636 Cannot remember so much political discussion amongst family and friends as this Christmas .Some of the younger ones say the pressure on monthly budgets is easing rapidly because interest rates on mortgages have gone down and more significantly because petrol prices have settled back to an affordable level. (There is a lot of car-commuting round here) Cannot remember so much political discussion amongst family and friends as this Christmas .Some of the younger ones say the pressure on monthly budgets is easing rapidly because interest rates on mortgages have gone down and more significantly because petrol prices have settled back to an affordable level. (There is a lot of car-commuting round here)

]]> By: mikestallard http://www.johnredwoodsdiary.com/2008/12/26/japan-leads-the-way-down/#comment-29632 mikestallard Sat, 27 Dec 2008 08:01:19 +0000 http://www.johnredwoodsdiary.com/?p=2473#comment-29632 A new year resolution? How about letting the Bank of England be in sole charge of the money system and keeping the Treasury/FSA as far as possible out of it? Letting the experts do their job without interference? How about the Chancellor and Prime Minister getting on with the real business of cutting their bloated expenditure so that their ramshackle government costs a lot less to run? My son came back from the Far East (business and first class, natch) where he has absolutely no financial worries and his job in advertising is going really well. If only we could be the same! Reply: That might work better but we will need some different people. the only sensible member of the MPc Mr Blanchflower is I believe resigning! A new year resolution?
How about letting the Bank of England be in sole charge of the money system and keeping the Treasury/FSA as far as possible out of it? Letting the experts do their job without interference?
How about the Chancellor and Prime Minister getting on with the real business of cutting their bloated expenditure so that their ramshackle government costs a lot less to run?
My son came back from the Far East (business and first class, natch) where he has absolutely no financial worries and his job in advertising is going really well. If only we could be the same!

Reply: That might work better but we will need some different people. the only sensible member of the MPc Mr Blanchflower is I believe resigning!

]]> By: Ian Jones http://www.johnredwoodsdiary.com/2008/12/26/japan-leads-the-way-down/#comment-29630 Ian Jones Sat, 27 Dec 2008 07:06:33 +0000 http://www.johnredwoodsdiary.com/?p=2473#comment-29630 I happen to live in Japan and can tell you its not nearly as depressed in the shops as the UK (visiting for Christmas)! One point that I would like to point out to the likes of Mr King and Mr Bernanke is please take a look at what happens when you cut interest rates to zero! In the years since Japan had deflation it slashed its rates to zero percent. Every man and his dog in the financial world borrowed Yen to invest overseas (known as the Carry trade). In fact, together with the dollar (1% interest rates, thanks Greenspan) this cash was responsible for the recent commodity boom as traders borrowed free money and chased up the market. However, now the markets have turned those traders now have to return the Yen to pay off the loans. This means the Yen is now overvalued and killing the Japan export sector. But because they released the wall of money that is now flowing back there is nothing they can do until its finished! If we are not careful the same will happen to the US and UK economies in a couple of years time! I happen to live in Japan and can tell you its not nearly as depressed in the shops as the UK (visiting for Christmas)!

One point that I would like to point out to the likes of Mr King and Mr Bernanke is please take a look at what happens when you cut interest rates to zero! In the years since Japan had deflation it slashed its rates to zero percent. Every man and his dog in the financial world borrowed Yen to invest overseas (known as the Carry trade). In fact, together with the dollar (1% interest rates, thanks Greenspan) this cash was responsible for the recent commodity boom as traders borrowed free money and chased up the market.

However, now the markets have turned those traders now have to return the Yen to pay off the loans. This means the Yen is now overvalued and killing the Japan export sector. But because they released the wall of money that is now flowing back there is nothing they can do until its finished!

If we are not careful the same will happen to the US and UK economies in a couple of years time!

]]> By: adrian Peirson http://www.johnredwoodsdiary.com/2008/12/26/japan-leads-the-way-down/#comment-29615 adrian Peirson Fri, 26 Dec 2008 18:24:41 +0000 http://www.johnredwoodsdiary.com/?p=2473#comment-29615 John, what will you do when Great Britain is abolished. http://uk.youtube.com/watch?v=5zpDFvIEqKo John, what will you do when Great Britain is abolished.

http://uk.youtube.com/watch?v=5zpDFvIEqKo

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