Yes the money has totally vanished without trace ....

The money has gone out of the Country to off set international bad assets and into the coffers of the banks to offset their bad assets so they can claim improved profits in certain areas for bonuses. Just likethe MPs expenses once the dust has settled and the reforms debated, the very reforms that should have come in with the last speaker andthe MPs voted out, will be delayed, watered down, or simply ignored with the same gravy train in place a bit like the actual end game of QE. In 2 - 3 yrs time or less! peole will ask (we each owe £4350 ) what happened to all that money pumped in and MPs, BoE, will shrug and smile and point in three different directions other than at themselves!

It was predicted here months ago, but Declan wouldn't listen.

We havent seen inflation yet!!! I disgree Bill. In my industry prices are a great deal high. Just take a look at any trade catalogue and prices are routinely 20-30% higher across the board.

Also monetary expansion is inflation not price rises. Yes it is true the highly massaged figures of the CPI are not yet showing big rises, but I think everyone knows full well prices are already rising. Furthermore the rises in share prices are a sign of inflation too. The FTSE is always forwardly priced and since fundamentals are little different than a year ago, indeed they are actually worse, the fact that the FTSE is now 5400 rather than 2500 merely shows that we have 100% inflation to come one way or another.

Money has been devalued!!!

If you are going to have monetary policy based on the CPI, then the CPI has to be an absolutely accurate inidcator of the true cost of living. The very reason we are in THIS mess is because house prices were not included in the CPI!!! The CPI is an abomination, it is neither reflective nor accurate of price inflation, indeed it is designed to make it look as low as possible. So please do not make the mistake of believing that we have not had inflation yet, for we are in the midst of it.

Actually scatch that, please continue to live in a world where you believe we dont have inflation... for the real problems and total economic meltdown only occur when more people see the truth that we are in an inflationary spiral.

Everyone who earns money, is prudent, has saved is being robbed by inflation. The only people benefitting are people and businesses massively in debt and s$%^& bag BTL landlords. Its no wonder the banks are all cheering inflation along. Indeed in the Weimer Republic it was those same corrupt businessmen that gleefully accepted inflation and colluded to hide it.

Mike,

"In my industry prices are a great deal high. Just take a look at any trade catalogue and prices are routinely 20-30% higher across the board. "

Which industry is that then Mike? How can we judge this if you won't tell which industry you are in? I don't see 20-30% increase in mine this year, quite the opposite in fact, mind you next year will be better.