How does UK fair

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logBurner's picture
logBurner
Status: Bronze Member (Offline)
Joined: Sep 26 2008
Posts: 58
How does UK fair

Hi,

Superb site. I'm fairly certain that the UK uses substitution in it's CPI and RPI. Does UK use any of the other US 'tricks' such as Hedonics?

Thanks.

Edited to add: I presume most of crash course applies to UK such as loaned into existence, demographics timebomb, . .. 

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5570
The UK "imported" the CPI methodology in 2003...
Quite a scandal, if ever there was one.

The US 'exported' the CPI methodology to the UK in 2003. Soon enough their inflation readings began to fall like a rock. The Telegraph commissioned an economic firm to use the government's own raw data and calculate the rate of inflation.

Punchline: Inflation was up to 400% higher for certain groups that the government claimed especially for pensioners for whom the CPI represented the most direct connection to government coffers.

Here's an interesting article for you describing this:

Link (to UK Telegraph)

kcim67's picture
kcim67
Status: Member (Offline)
Joined: Aug 19 2008
Posts: 13
This side of the Pond

Chris's site is truly amazing and I just cannot believe that with this knowledge so freely available that there is not thousands of ordinary Americans out on the streets screaming absolutely blue murder at this sickening act of barefaced thieving! I also happen to believe that what goes on over there is also gonna come over here. I desperately want to find our own British version of Chris Martenson. I want to know the european dynamic, I want to know if Britain, France, Germany etc are all going to follow suit? What are the dynamics here? I would imagine that if the Dollar is toast then the humble Pound has got to be well and truly screwed, are we better off in the Euro, is that possible in the current climate. These are absolutely life changing times I want my voice heard, I want my government working for me not some robbing thieveing B*****S in the city and I ain't prepared to just sit around and watch! Help me please there must be more like me Out There!

fellow Bhoy Scout Kcim67

P.S. This is Global we better bloody well wake up! As Chris quite rightly points out, exponential growth and a fixed Sphere do not go, countries competeing is a disaster, we have to unite, be heard and build a better future for our children!  

gsti's picture
gsti
Status: Bronze Member (Offline)
Joined: Jul 21 2008
Posts: 60
Europa

It is different here kcim67, and you are not alone. 

 Europe (EU) or The Union as they plan to call it makes the situation here a bit different.  But of course we still face the shortages of natural resources the whole world faces and exactly the same monetary system. 

In some ways we are worse of and in some ways better, depends on your point of view and what is important to you.

 I am certainly no Chris Martenson, but I have researched quite alot about the UK postion and would be happy to share.

Feel free to drop me a line.

 

 

kcim67's picture
kcim67
Status: Member (Offline)
Joined: Aug 19 2008
Posts: 13
Hi fellow group member

The level of state support that UK has had to commit to this crisis compared with the US, 29% vs 9% of GDP is truly terrifying. Talk about using up your tomorrows today. What is the really terrifying thing is that watching Question Time on wednesday night our politicians don't seem to have an iota of a clue about the seriousness of our situation. The Tories are still talking about tax cuts for christ sake. Our political model is as archaic as our democracy and we need to wake up to all this populist bull and start to make serious grown up educated debate about how we go forward from here. Communist, Capitilist, Socialist, Conservatist it is just not that straight forward but the single biggest change that has to come from this is that if our leaders truly want us to believe in Democracy then they beetr start coming up with systems and regulations that are there for the benefit of the many and not the few. Stop telling us lies and treating us lie idiotsand start engaging with your people and genuinely striving to deliver a fairer society!

Its like the scene from War of the Worlds, the cylinders have landed on the common, the lids are unscrewing and the villagers are just wandering about continuing there life as normal. Crazy!

gsti's picture
gsti
Status: Bronze Member (Offline)
Joined: Jul 21 2008
Posts: 60
Kcim67

Yes, it's truly staggering, and not too long ago the prudent chanellor - now pm - sold all our gold at giveaway prices.  Kind of like harrods opening as a £ shop for the day.

Regarding the politics of it all,  to quote Emma Goldman - "If voting changed anything, they'd make it illegal,"

And as the EU recognises that, while the UK is 'perfect' some of our european partners might get fed up and vote for an 'extremist' party.  hence the lisbon treaty.  This link to a UKIP video is not 100% correct, but I feel is, overall, an accurate overview of the situation.  http://uk.youtube.com/watch?v=yR83juHjCuo  The video centres around the EU consitituion, but as I am sure you know it now effectively the lisbon treaty.

So we will lose our right to any effective vote.  It looks very reminiscent of the soviet democractic duma elections.  You can vote for whoever you like, it doesn't make any difference anyway. 

I have known a few MP's personally and never found one of them to have a rudimentry grasp of economics.  I can only summise that most politicians don't understand economics so have no desire to look like idiots by talking about it in an open and honest fashion. 

Unfortuantely Kcim67, there are very few truly honest people who have the strength of their convictions, and those that there have been such as Tony Benn ( not my type of politics but I admire his integrity) are quickly shouted down as extremists, nutters, commies, fascists or just plain old idiots :) 

I have been seriously considering phampletting and trying to organise meetings, to bring our financial and political issue directly to people, makes me feel like I have jumped back one century though.

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