Mugabenomics: Inflation in UK Higher than in Zimbabwe

Remember when Vince Cable warned that Quantitative Easing (QE) was “Mugabenomics”? Vince flip-flopped on that even before he joined the coalition. Guido remembers when George Osborne said “Printing money is the last resort of desperate governments when all other policies have failed.” In government Osborne has overseen the printing of more money than any other Chancellor in British history. A quarter of the national debt – all this government’s overspending – has been bought by the Bank of England via QE. Guido warned against this madness in 2008…

So it is not a shock that inflation in Zimbabwe (3.63%) is now lower than inflation in the UK (3.66%, August 2011-July 2012). Gold is good.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Emily Thornberry tells Labour activists some home truths…

“…we must all acknowledge, that there are sickening individuals on the fringes of our movement, who use our legitimate support for Palestine as a cloak and a cover for their despicable hatred of Jewish people, and their desire to see Israel destroyed.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Lansman’s “Re-Constructed Ambiguity” Lansman’s “Re-Constructed Ambiguity”