In this report, from London on Saturday, July 27th, 2019 I look at the nature of inflation under our current fiat currency monetary system.
Today my focus is on the inflation situation in the U.K. and to look at what we are experiencing and will experience in terms of what will happen to the pound I look back in history.
I show how the century up until the outbreak of the First World War in 1914 was diametrically opposed to the last century since 1918 as far as debt and inflation was concerned. From 1814 to 1914 inflation as measured by the Bank of England calculator dropped by 0.4% on an annual basis while since 1918 it has averaged almost 5%.
My conclusion is that with the debt mountain that the U.K. has accumulated over the last hundred years and in particular the last ten there is no other way to pay off the debt other than inflating the currency into oblivion. What this currency debasement means is higher prices and a lower cost of living for the general public.
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