gazza Posted February 8, 2012 Share Posted February 8, 2012 i Think what most forget is that germany has such good exports because all the broke places brought everything from them. no cash to buy goods, no exports from germany, going to have a huge effect on germany the lose of all that crazy credit. Link to comment Share on other sites More sharing options...
wheels Posted February 9, 2012 Share Posted February 9, 2012 http://www.bbc.co.uk...siness-16963116 The Bank of England has agreed to extend its quantitative easing (QE) programme by £50bn to give a further boost to the UK economy.When completed, it will bring the total amount of QE stimulus to £325bn. Link to comment Share on other sites More sharing options...
Lxxx Posted February 9, 2012 Share Posted February 9, 2012 http://www.bbc.co.uk...siness-16963116 The Bank of England has agreed to extend its quantitative easing (QE) programme by £50bn to give a further boost to the UK economy.When completed, it will bring the total amount of QE stimulus to £325bn. {quote} The Bank of England has agreed to give more free money to the banks and has made the decision today to reward them with another £50bn gift to boost their balance sheets. When completed, it will have had the effect of making the average citizen a lot poorer, reducing the spending power of the pound in their pocket and forcing many more into abject poverty, whilst ensuring the top 1% can afford to upgrade their yachts. {quote} Link to comment Share on other sites More sharing options...
wheels Posted February 10, 2012 Share Posted February 10, 2012 http://www.bbc.co.uk/news/business-16977865 Barclays profits down 3% Link to comment Share on other sites More sharing options...
Cambon Posted February 10, 2012 Share Posted February 10, 2012 Newsflash - Tesco runs out of Tin Foil. Lxxx has bought a lifetime supply! Link to comment Share on other sites More sharing options...
Lxxx Posted February 10, 2012 Share Posted February 10, 2012 Pfft! What rubbish! As if I would shop at Tesco. Now if you would have said Shoprite then you wouldn have been a bit nearer the mark. Link to comment Share on other sites More sharing options...
Truth Seeker Posted February 21, 2014 Share Posted February 21, 2014 Not sure if this was worth starting a new forum post, so I'll just use this one. In 2013 The Fed Bought 150% More Treasurys Than All Foreigners Combined. http://www.zerohedge.com/news/2014-02-19/2013-fed-bought-150-more-treasurys-all-foreigners-combined Governments don't need to borrow money, they can create money of of thin air, (like banks do) and destroy the money as it is paid back from taxes INTEREST FREE. Link to comment Share on other sites More sharing options...
pongo Posted February 21, 2014 Share Posted February 21, 2014 When, not if, Germany's AAA rating is downgraded, then watch the euro crisis take a huge turn for the worst.I hope you got a refund on your crystal balls. Link to comment Share on other sites More sharing options...
Lxxx Posted February 21, 2014 Share Posted February 21, 2014 Haha. I just re-read the whole thread myself. I'm not afraid to put my hands up and say I f*cked up with my assessment. Just got my timings wrong.... Link to comment Share on other sites More sharing options...
GD4ELI Posted February 21, 2014 Share Posted February 21, 2014 Haha. I just re-read the whole thread myself. I'm not afraid to put my hands up and say I f*cked up with my assessment. Just got my timings wrong.... And planet . The central banks have steered us out of the recent 'situation' rather well. Link to comment Share on other sites More sharing options...
woolley Posted February 21, 2014 Share Posted February 21, 2014 No they haven't. They just moved the deck chairs round a bit. Link to comment Share on other sites More sharing options...
Slim Posted February 21, 2014 Share Posted February 21, 2014 Governments don't need to borrow money, they can create money of of thin air, (like banks do) and destroy the money as it is paid back from taxes INTEREST FREE.'Creating out of thin air' implies there is no cost. That isn't true, there is a consequence. Do you understand what it is? Link to comment Share on other sites More sharing options...
Truth Seeker Posted February 21, 2014 Share Posted February 21, 2014 Governments don't need to borrow money, they can create money of of thin air, (like banks do) and destroy the money as it is paid back from taxes INTEREST FREE. 'Creating out of thin air' implies there is no cost. That isn't true, there is a consequence. Do you understand what it is? Yes Slim you make a valid point, called inflation, that is why the money paid back from taxes must be destroyed, when a bank makes a loan they must have enough reserves to create this money out of thin air. Lets say its a £200,000.00 loan for a house, the bank is minus £200,000.00 on its books, when this £200,000.00 is paid back, the bank is at break even, all they keep is the interest. This is why there is no hyper inflation. When governments make a loan for a infrastructure project they do the same thing but do not charge any interest. One bank that does this is the state owned Bank of North Dakota . How the Nations Only State-Owned Bank Became the Envy of Wall Street. http://www.motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street Link to comment Share on other sites More sharing options...
Slim Posted February 21, 2014 Share Posted February 21, 2014 Yes Slim you make a valid point, called inflation, that is why the money paid back from taxes must be destroyed, when a bank makes a loan they must have enough reserves to create this money out of thin air. Lets say its a £200,000.00 loan for a house, the bank is minus £200,000.00 on its books, when this £200,000.00 is paid back, the bank is at break even, all they keep is the interest. This is why there is no hyper inflation. When governments make a loan for a infrastructure project they do the same thing but do not charge any interest. One bank that does this is the state owned Bank of North Dakota .Wow. Link to comment Share on other sites More sharing options...
Norville Rogers Posted March 2, 2014 Share Posted March 2, 2014 I see debt people Link to comment Share on other sites More sharing options...
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