I can rember when a thousand pounds was a lot of money ! my dad used to do the News of The World crossword and sent it of, the Top prize was 750 quid, he would say if ever he won it he would never have to work again back in the late forties.
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| More Printing.... https://b65a9t-westlondonchatcom-7590.site.tb-hosting.com/viewtopic.php?f=1&t=460 |
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| Author: | geezer466 [ Thu Jun 14, 2012 10:34 pm ] |
| Post subject: | More Printing.... |
http://www.bbc.co.uk/news/business-18448636 Quote: The Bank of England will launch two new stimulus packages in response to the worsening economic outlook, the BBC understands. Together with the government, it will provide billions of pounds of cheap credit to banks to lend to companies. It worked so well last time didn't it!! More price rises as Sterling Devalues.... The pound in your pocket will be worth less. Doing precisely what we've done eighteen times before is exactly the last thing they'll expect us to do this time General Sir Anthony Cecil Hogmanay Melchett said...... |
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| Author: | jim [ Thu Jun 14, 2012 10:41 pm ] |
| Post subject: | Re: More Printing.... |
I can rember when a thousand pounds was a lot of money ! my dad used to do the News of The World crossword and sent it of, the Top prize was 750 quid, he would say if ever he won it he would never have to work again back in the late forties.
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| Author: | john [ Thu Jun 14, 2012 11:16 pm ] |
| Post subject: | Re: More Printing.... |
now days , some people will never work again anyway |
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| Author: | jim [ Fri Jun 15, 2012 3:34 am ] |
| Post subject: | Re: More Printing.... |
while others dont even intend starting ! thats nanny state for you
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| Author: | geezer466 [ Fri Jun 15, 2012 9:19 am ] |
| Post subject: | Re: More Printing.... |
No mention of Moral Hazard in Merv the Swerve's speech last night. Therefore if these loans which they will force the banks to make go bad, and many will guess who gets to underwrite the losses!! This really is desperation stuff. |
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| Author: | Westonman [ Fri Jun 15, 2012 9:21 am ] |
| Post subject: | Re: More Printing.... |
geezer466 wrote: http://www.bbc.co.uk/news/business-18448636 Positive proof they really don't know what they are doing. Quote: The Bank of England will launch two new stimulus packages in response to the worsening economic outlook, the BBC understands. Together with the government, it will provide billions of pounds of cheap credit to banks to lend to companies. It worked so well last time didn't it!! More price rises as Sterling Devalues.... The pound in your pocket will be worth less. Doing precisely what we've done eighteen times before is exactly the last thing they'll expect us to do this time General Sir Anthony Cecil Hogmanay Melchett said...... You would think that Osborne, as a student of history, would at least realise that printing money never solved anything. Better get the wheelbarrows ready to carry the paper to the bakers. |
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| Author: | Westonman [ Fri Jun 15, 2012 9:45 am ] |
| Post subject: | Re: More Printing.... |
geezer466 wrote: No mention of Moral Hazard in Merv the Swerve's speech last night. A couple of evenings ago Dr Ross Altmann was on Sky's Jeff Randall program, being interviewed about the affects of QE on savings and pension funds. At the end of the interview Jeff Randdall said to Ross Altman: “For some time now I have wanted to ask you how you rate Mervyn King as the Governor of the Bank of England, on a scale of 1 to 10”. Ross Altmann smiled, croaked a couple of unintelligible sounds, went silent, thought about it – and eventually said “ZERO”. To which Jeff Randall responded: “And that is from one of the governors of the LSE”.
Therefore if these loans which they will force the banks to make go bad, and many will guess who gets to underwrite the losses!! This really is desperation stuff. |
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| Author: | jim [ Fri Jun 15, 2012 10:12 am ] |
| Post subject: | Re: More Printing.... |
We are in a hole, the first rule of that, is to stop diging, and all we do is give away spades to anybody willing to help, and its all my fault, because I dont live outside my means.
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| Author: | Westonman [ Fri Jun 15, 2012 10:30 am ] |
| Post subject: | Re: More Printing.... |
jim wrote: and its all my fault, because I dont live outside my means. Absolutely right! If the situation weren't so serious it would be hilarious.
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| Author: | geezer466 [ Fri Jun 15, 2012 10:40 am ] |
| Post subject: | Re: More Printing.... |
Newsnight last night reporting it now as people inside the Government being very worried about the state of the economy and what may happen in Sundays Greek election. Paul Mason saying it is like inflating an air bag before the accident - the accident being the Greek election. Says they are doing it because "we expect very very dire events in the eurozone". So this thing called Europe now turns out to be a huge millstone round our neck? All we wanted was a level trading playing field, instead we got a botched attempt at monetary union, a number of countries being given access to huge sums of money they should never have had leading step by step to a global financial collapse. The UK's problem is our Banks exposure to all these bad loans across the Eurozone which are about to go toxic.... I didn't ask the Banks to give them that money? But I bet they all took huge bonuses for the most excellent work they did in giving them!! |
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