The idm Group - Better Directors, Better Organisations

Chris has hit one of the nails on the head SUSTAINABILITY this affects our financial stability and our ability to innovate new ideas even the survival of our companies can be put at risk the banking sector has forgotten this word in the attempt to ruin most of their rock solid customer base by putting at risk the banking sector by risk taking in products that mirror the excesses of the margin calls of the late twenties on wall street the markets and the environment control our ability to improve our companies and the well-being of our workforce not the Bank of England or the Federal reserve.

Did the Bankers cut interest rates to control the economy or did the markets force the reduction on the bankers I do not believe the central banks are in control of the economy the economy is taking the cental banks where they need to be to ease the financial burden on our companies and individuals who are in a position of SUSTAINABLE financial gearing even with the reduction in turnover we are suffering at the moment this must be regarded as one of the greatest opportunities of our generation farmland now trading at approx. £5000 per acre the Agricultural Mortgage Corporation have a habit of lending up to 50% at 1.5 over base up to 40 years interest only unrecallable that amounts to £50 acre the average rent at the moment if a more secure place with potential capital gain and a shedload of tax relief is available.

Please let me know we will have to repay the capital in 40 years which leads me to Qantitve easing I may not have got the spelling right does this mean fiat money not linked to our economy a la John Maynard Keynes yes I believe it is this will be like telling a recovering drug addict that one little fix will ease the withdrawal pains the inflation generated in the next ten years will wipe out the other 50% which can be paid back with devalued money just like our state pension which will not buy a packet of fags when this works through the economy SUSTAINABILITY is the normal state of affairs the carbon footprint of our production is reducing as production winds down and more SUSTAINABLE methods of generating power and fuel are forced on us by natural selection not by governments and taxes have new SUSTAINABLE products ready for take off when the markets eat up the devalued monies and your company will outlast Woolworth's.

From the catalyst at the back, Graham Gilliat