Got a pram?

Not so long ago, maybe as little as ten years back, when a major significant government plan was announced, we gasped when the number of millions it would involve were revealed. Nowadays millions are ten a penny, still large but no longer significant or a rarity. How many home owners in the home counties now have a pad worth a million plus, can you still buy a property in London for less than a million? Today's currency is now billions, but large corporation toss around their billions will a devil may care attitude, a billion is coming to be small change for governments and our multinationals. The trillion is beginning to creep into our every day vocabulary.  

Look in your pocket, do you any longer bother to count the pennies? No. Their value has become worth so little they are just a nuisance loose change. It will not be long before the penny drops out of our currency and a ten pound coin is introduced. So what is going on. Quantitative easing, that is what is going on. Sounds so technical, so solid and so reassuring no need to inquire further what is quantitative easing. Just a fancy name for printing more money or as we used to call it, inflation. Lots of quasi professors of economics theories are strutting around telling the world about these wonder clothes that solve all the world problems, clothes called 'quantitative easing', invisible to all but those who cling on to hope that they are real. How they oooh and aaah about the beauty of these invisible clothes and how they smooth out all their problems. Just fantasy.

Cast your mind back to the Deutsch Mark pre-WWII, remember how we laughed at the germans having to wheel their pram loads of money to buy a loaf of bread only to find they now needed two prams of money for the same loaf when they got there. That is called inflation. That is the 'rescue' path we are now on. Print more money, keep on spending and the pains of excessive loans will just disappear. Fine if you are locked into the gravy train that shovels more money into your account for every new shed load of money printed. For the likes of you and I where our income is frozen, or more likely reducing, the ever escalating prices of all those goods we need to survive put our very survival into jeopardy. Got a pram anyone, I need to buy a loaf of bread?