So the Bank of England is falling over itself to do some more
More Funny Money. The new Opium of the Masses. The delicious fix from a set of new credit cards and payback on the never never.
Who cares if it is our kids who will pick up the tab.
Like a country of stoned addicts, we can (for a while) all run away from the harsh economic truths caused by undiluted Globalisation and irresponsible government. We can all have a nice time pretending there is nothing much wrong with the world economy.
Dear old Ed Balls (that well known Economic superstar) even thinks we should go further. Lets cut VAT!
Dear old Ed just begs the question: Why not just cut up the credit cards, forget about the debt and start it all again.
So when do we pay it all back? Ah Manana, Manana.
Who cares? Tomorrow never comes. Just ask the Greeks.
And if its good enough for the Greeks then its good enough for us. Let the Germans pay! Serve then right for clocking up so much overtime. I'm sure they don't mind (much).
Never mind that we are mortgaging our kids future. Just as long as we can selfishly indulge in more predatory priced Chinese imports, then we can forget about the reality.
Meanwhile we can all celebrate as those villainous bandits who have actually saved some cash get further stuffed by the inevitable inflation.
All those greedy old folk who paid their way throughout their lives and never touched the welfare state.
Fancy putting away cash for a rainy day when you could spend! Spend! SPEND!
Why not just let someone else pick up the tab?
Lets face it, these contemptibly independent old folk deserve to suffer don't they?
How dare they have money - just because they saved.
How dare they even think their money should be safe-guarded - just because they didn't squander it.
At least UK industry won't complain. It is so broken by unfair predatory foreign competition it just bows its head and accepts its fate. If UK businesses are lucky they may pick up the odd scrap from the funny money. As long as they don't expect anything more than a straw to clutch at then that's OK.
While savers get robbed and UK industry continues to be demolished by unfair competition, our great leaders all yearn for a nice boom. Something that they can grandstand over, strut about a bit, show us all how important they all are.
Meanwhile the economy can go to the dogs.
If this dangerous addiction to QE continues it will just lead to the next fix, and the next, and the next. Then one day soon, you may well find that you are taking you wages home in a wheel barrow.
Just like they did in the Weimar Republic.
(For those who don't know what the Weimar Republic was Read Here)