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	<title>Comments on: The pound, our incomes and companies take another tumble</title>
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	<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/</link>
	<description>Incisive and topical campaigns and commentary on today&#039;s issues and tomorrow&#039;s problems</description>
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		<title>By: Adrian Peirson</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8850</link>
		<dc:creator>Adrian Peirson</dc:creator>
		<pubDate>Tue, 09 Dec 2008 22:00:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8850</guid>
		<description>May i suggest that a better, or at the very least an alternative viewpoint of world events might be gleaned from :-

http://www.prisonplanet.com

Now that they have all the Wealth and all the Power Is this to be the future of us and our children,
Gordon Brown would say no, my natural human instincts say otherwise.

http://www.endgamethemovie.com</description>
		<content:encoded><![CDATA[<p>May i suggest that a better, or at the very least an alternative viewpoint of world events might be gleaned from :-</p>
<p><a href="http://www.prisonplanet.com" rel="nofollow">http://www.prisonplanet.com</a></p>
<p>Now that they have all the Wealth and all the Power Is this to be the future of us and our children,<br />
Gordon Brown would say no, my natural human instincts say otherwise.</p>
<p><a href="http://www.endgamethemovie.com" rel="nofollow">http://www.endgamethemovie.com</a></p>
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		<title>By: Acorn</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8849</link>
		<dc:creator>Acorn</dc:creator>
		<pubDate>Mon, 08 Dec 2008 10:14:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8849</guid>
		<description>Dear Patrician Stallard.

Plebes is the plural of Plebe and Plebs.  Apologies, I have spent too much time with Yanks.

Plebes are the thickest of the thick at a US military academy, they also use it for a remedial class in a college.

http://dictionary.reference.com/browse/plebes&amp;</description>
		<content:encoded><![CDATA[<p>Dear Patrician Stallard.</p>
<p>Plebes is the plural of Plebe and Plebs.  Apologies, I have spent too much time with Yanks.</p>
<p>Plebes are the thickest of the thick at a US military academy, they also use it for a remedial class in a college.</p>
<p><a href="http://dictionary.reference.com/browse/plebes&#038;amp" rel="nofollow">http://dictionary.reference.com/browse/plebes&#038;amp</a>;</p>
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		<title>By: mikestallard</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8848</link>
		<dc:creator>mikestallard</dc:creator>
		<pubDate>Sun, 07 Dec 2008 19:08:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8848</guid>
		<description>I hope I have never corrected anyone else&#039;s spelling before but, Acorn old chap, this is turning into a habit:
&quot;plebs&quot; is a feminine singular collective noun. It is never used in the plural (ie &quot;plebes&quot;.)
Sorry, I just cannot bear it any longer! I should have had a Latin Dictionary thrown at my adolescent head, had I made that mistake.</description>
		<content:encoded><![CDATA[<p>I hope I have never corrected anyone else&#8217;s spelling before but, Acorn old chap, this is turning into a habit:<br />
&#8220;plebs&#8221; is a feminine singular collective noun. It is never used in the plural (ie &#8220;plebes&#8221;.)<br />
Sorry, I just cannot bear it any longer! I should have had a Latin Dictionary thrown at my adolescent head, had I made that mistake.</p>
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		<title>By: APL</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8847</link>
		<dc:creator>APL</dc:creator>
		<pubDate>Sun, 07 Dec 2008 11:44:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8847</guid>
		<description>From the link provided by Adam @ 06 Dec 5:40am

BBC: &quot;A building society in Kent has said it would be refusing to reduce its mortgage rates despite enjoying large profits.&quot;

Isn&#039;t that just typical of the lying deceitful BBC. The subject is a Building Society, last I heard a building society is a mutual society, that is one run for the benefit of its members.

Yet the BBC talks about &#039;profits&#039;, no, &#039;large profits&#039;, implying such things are evil.

Not only is the BBC giving a false impression of what a mutual society does, it is also implying that &#039;profits&#039; are bad.

Meanwhile any person in his right mind would wish that more banks were showing profits just now.

Really, the BBC is a cancer  gnawing away at society.</description>
		<content:encoded><![CDATA[<p>From the link provided by Adam @ 06 Dec 5:40am</p>
<p>BBC: &#8220;A building society in Kent has said it would be refusing to reduce its mortgage rates despite enjoying large profits.&#8221;</p>
<p>Isn&#8217;t that just typical of the lying deceitful BBC. The subject is a Building Society, last I heard a building society is a mutual society, that is one run for the benefit of its members.</p>
<p>Yet the BBC talks about &#8216;profits&#8217;, no, &#8216;large profits&#8217;, implying such things are evil.</p>
<p>Not only is the BBC giving a false impression of what a mutual society does, it is also implying that &#8216;profits&#8217; are bad.</p>
<p>Meanwhile any person in his right mind would wish that more banks were showing profits just now.</p>
<p>Really, the BBC is a cancer  gnawing away at society.</p>
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		<title>By: APL</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8846</link>
		<dc:creator>APL</dc:creator>
		<pubDate>Sun, 07 Dec 2008 11:19:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8846</guid>
		<description>Of course given that Brown has already dipped his hand into the pensions pot once, he will have a taste for the sweeties in there. Given that brown is the worst sort of Socialist, what is to stop him nationalizing the UK pension funds as they have done in Argentina?

It was always clear to me that much of the UKs success in the financial sector was down to the fact that the Government had the restraint of law applied to its actions.

Today, that is no longer true.</description>
		<content:encoded><![CDATA[<p>Of course given that Brown has already dipped his hand into the pensions pot once, he will have a taste for the sweeties in there. Given that brown is the worst sort of Socialist, what is to stop him nationalizing the UK pension funds as they have done in Argentina?</p>
<p>It was always clear to me that much of the UKs success in the financial sector was down to the fact that the Government had the restraint of law applied to its actions.</p>
<p>Today, that is no longer true.</p>
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		<title>By: Michael</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8845</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Sat, 06 Dec 2008 20:28:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8845</guid>
		<description>Mr Redwood,

I&#039;m retired, average cliche saver with most of a small nest-egg (just into six figures) in cash. I am deeply worried about the inflationary implications of the govt&#039;s policies. I cannot accumulate more capital, and the effects of the loss of my current stash on my sense of security, not to mention my ability to provide for my grandchildren&#039;s education, would be dire.

What I need is an authoritative analysis of the likely outcomes of what is going on. Then advice on how to cover myself against the worst of them.

I suspect that there may be quite a lot of people in a similar position - and we are of the generation and class that bothers to vote.

Can we look to you for such leadership?

Reply: By law I cannot offer investment advice on this site. Investment is a regulated activity, and an adviser needs to ask about your individual circusmtances before offering advice. There are numerous regulated advisers, and regulated investment websites that you can turn to.
This site does provide economic and market analysis useful to those who make investment decisions. There are ways of controlling risk and making a return, even in these dangerous times.</description>
		<content:encoded><![CDATA[<p>Mr Redwood,</p>
<p>I&#8217;m retired, average cliche saver with most of a small nest-egg (just into six figures) in cash. I am deeply worried about the inflationary implications of the govt&#8217;s policies. I cannot accumulate more capital, and the effects of the loss of my current stash on my sense of security, not to mention my ability to provide for my grandchildren&#8217;s education, would be dire.</p>
<p>What I need is an authoritative analysis of the likely outcomes of what is going on. Then advice on how to cover myself against the worst of them.</p>
<p>I suspect that there may be quite a lot of people in a similar position &#8211; and we are of the generation and class that bothers to vote.</p>
<p>Can we look to you for such leadership?</p>
<p>Reply: By law I cannot offer investment advice on this site. Investment is a regulated activity, and an adviser needs to ask about your individual circusmtances before offering advice. There are numerous regulated advisers, and regulated investment websites that you can turn to.<br />
This site does provide economic and market analysis useful to those who make investment decisions. There are ways of controlling risk and making a return, even in these dangerous times.</p>
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		<title>By: jean baker</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8844</link>
		<dc:creator>jean baker</dc:creator>
		<pubDate>Sat, 06 Dec 2008 12:10:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8844</guid>
		<description>Likewise, Brown&#039;s raid on pension funds is &#039;a form of theft on a national scale&#039;.    The pensions of Woolworth staff are (reportedly) long gone - borrowed and spent.    This exemplifies the lack of concern for &#039;workers&#039; by &#039;socialist&#039; lack of financial regulation.</description>
		<content:encoded><![CDATA[<p>Likewise, Brown&#8217;s raid on pension funds is &#8216;a form of theft on a national scale&#8217;.    The pensions of Woolworth staff are (reportedly) long gone &#8211; borrowed and spent.    This exemplifies the lack of concern for &#8216;workers&#8217; by &#8216;socialist&#8217; lack of financial regulation.</p>
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		<title>By: jean baker</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8843</link>
		<dc:creator>jean baker</dc:creator>
		<pubDate>Sat, 06 Dec 2008 12:02:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8843</guid>
		<description>&quot;Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy, it&#039;s inherent value is the sharing of misery &quot;

Winston Churchill.</description>
		<content:encoded><![CDATA[<p>&#8220;Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy, it&#8217;s inherent value is the sharing of misery &#8221;</p>
<p>Winston Churchill.</p>
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		<title>By: Acorn</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8842</link>
		<dc:creator>Acorn</dc:creator>
		<pubDate>Sat, 06 Dec 2008 11:31:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8842</guid>
		<description>Dear Blank X

You lucky b*****d.  Stop buying those big ticket items and start buying my government debt.  I have devalued the currency to make it much cheaper for you to buy; (and easier for us to flog the bloody stuff).

Ok, I know I am not offering a lot of interest but don&#039;t believe everything you read in the papers, that&#039;s for the plebes.  Your IFA may have told you to hang on till next year when I will be getting a bit desperate.  And yes, if those bloody banks start lending to people, I may have to up the interest rates - the ones the media don&#039;t understand - to keep them coming into our Threadneedle Street shop.

Don&#039;t worry about inflation, I have lots of ways of controlling inflation; bank reserve ratios; interest rates; open market operations and stuff like that.  (I haven&#039;t got a clue how you control deflation, horses, water and drink, you know what I mean;!!!! banks).

If you must buy big ticket items, can you get the ones that say &quot;made in UK&quot; on them.  It is a bit of pain if I have to pay the Chinese to send us a washing machine, just to sell it to you at a fire sale price.  (I am trying to get the nations trade deficit down and a merry-go-round of Korean washing machines I don&#039;t need!)

And, stop inviting your relatives over to Euroland, they don&#039;t understand that a foreign holiday is an import on my books.  At least get the b*****ds to fly on a British airline.  (But they must give up their seat to anybody who is paying in dollars or yen.)

And, stop going on about the value of the pound, you are upsetting our voters.  Remember what Wilson said, &quot;... this will not affect the pound in your pocket ...&quot;: I wish I could get away with that one again.

Give my love to Jean-Claude Trichet at the Eurobank, tell him the cheque&#039;s in the post.

All the breast; Merv King.</description>
		<content:encoded><![CDATA[<p>Dear Blank X</p>
<p>You lucky b*****d.  Stop buying those big ticket items and start buying my government debt.  I have devalued the currency to make it much cheaper for you to buy; (and easier for us to flog the bloody stuff).</p>
<p>Ok, I know I am not offering a lot of interest but don&#8217;t believe everything you read in the papers, that&#8217;s for the plebes.  Your IFA may have told you to hang on till next year when I will be getting a bit desperate.  And yes, if those bloody banks start lending to people, I may have to up the interest rates &#8211; the ones the media don&#8217;t understand &#8211; to keep them coming into our Threadneedle Street shop.</p>
<p>Don&#8217;t worry about inflation, I have lots of ways of controlling inflation; bank reserve ratios; interest rates; open market operations and stuff like that.  (I haven&#8217;t got a clue how you control deflation, horses, water and drink, you know what I mean;!!!! banks).</p>
<p>If you must buy big ticket items, can you get the ones that say &#8220;made in UK&#8221; on them.  It is a bit of pain if I have to pay the Chinese to send us a washing machine, just to sell it to you at a fire sale price.  (I am trying to get the nations trade deficit down and a merry-go-round of Korean washing machines I don&#8217;t need!)</p>
<p>And, stop inviting your relatives over to Euroland, they don&#8217;t understand that a foreign holiday is an import on my books.  At least get the b*****ds to fly on a British airline.  (But they must give up their seat to anybody who is paying in dollars or yen.)</p>
<p>And, stop going on about the value of the pound, you are upsetting our voters.  Remember what Wilson said, &#8220;&#8230; this will not affect the pound in your pocket &#8230;&#8221;: I wish I could get away with that one again.</p>
<p>Give my love to Jean-Claude Trichet at the Eurobank, tell him the cheque&#8217;s in the post.</p>
<p>All the breast; Merv King.</p>
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		<title>By: John</title>
		<link>http://johnredwoodsdiary.com/2008/12/05/the-pound-our-incomes-and-companies-take-another-tumble/#comment-8841</link>
		<dc:creator>John</dc:creator>
		<pubDate>Sat, 06 Dec 2008 10:59:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=2304#comment-8841</guid>
		<description>I&#039;m glad JR uses the local paper, but with his expertise he should be aiming for the national dailys. I also saw something on &quot;Have I got New for You.&quot; It was Brown defending his publication of leaks to Frank Bough in an interview. This should be required viewing in the House of Commons at PMQ&#039;s</description>
		<content:encoded><![CDATA[<p>I&#8217;m glad JR uses the local paper, but with his expertise he should be aiming for the national dailys. I also saw something on &#8220;Have I got New for You.&#8221; It was Brown defending his publication of leaks to Frank Bough in an interview. This should be required viewing in the House of Commons at PMQ&#8217;s</p>
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