Britain faces summer of rage
#46
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I would have thought that the difference between public debt and printing money is that:
The government borrows money from somewhere with (hopefully) the intention of paying back the money through taxation sometime in the future.
Printing money seems like trying to cancel debt by just printing more. In this case it seems to be trying to make the banks who are worried about lending think 'wow more money lets get lending'.
The government borrows money from somewhere with (hopefully) the intention of paying back the money through taxation sometime in the future.
Printing money seems like trying to cancel debt by just printing more. In this case it seems to be trying to make the banks who are worried about lending think 'wow more money lets get lending'.
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#47
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It's almost as if the government are asking for it.
http://www.timesonline.co.uk/tol/new...cle5793087.ece
http://www.timesonline.co.uk/tol/new...cle5793087.ece
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#48
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The govt issues treasury gilts that are bought typically by the Chinese government. If the government is too blatant with the printing money or "quantitative easing" as it is known then they risk the chance of no one wanting to buy the debt and the result would be catastrophic for the UK economy.
Of course this situation can't keep going on forever and one would wonder whether the Chinese would at one stage either decide to take the hit of a falling dollar, or perhaps they may not be able to buy enough US dollars and everything crashes.
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#49
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Viva la Revolution!
Storm the barricades!
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Although 98pc of us will sit at home and watch it "Live" on sky news/bbc 24!
Apathy.....that's what will kill the UK (and most western countries) and thats got a lot to do with the state we find ourselves in!.
I'm not advocating violence btw.....in any way at all.
The sooner people get informed and involved the better, the only way to beat the system is from the inside!....
Sick of councilors lining their pockets......run for local government
Sick of MP expenses............write letters, get involved, join a political party
(Just watched the acid house....granton star cause....."you have the power boab!") :-p
Storm the barricades!
.................................................. ..........
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Although 98pc of us will sit at home and watch it "Live" on sky news/bbc 24!
Apathy.....that's what will kill the UK (and most western countries) and thats got a lot to do with the state we find ourselves in!.
I'm not advocating violence btw.....in any way at all.
The sooner people get informed and involved the better, the only way to beat the system is from the inside!....
Sick of councilors lining their pockets......run for local government
Sick of MP expenses............write letters, get involved, join a political party
(Just watched the acid house....granton star cause....."you have the power boab!") :-p
Oz examples to consider former singer from Midnight Oil Garret,he had a lot to say then muzzled as soon as becoming a politician where as Pauline Hanson was forced out of Liberal Party for her views and with others formed a new group.
Yes a lot of people are ignorant of politics as it became somewhat unfashionable in the eighties but times are perhaps changing we are living in very difficult times for a lot of people....it would appear that there are a lot of very angry people out there through out the UK if even a small percentage of them took to the streets the powers that be would take notice.
Yes letter writing has its place but sometimes more is required.
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#50
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I can't see how rioting is going to fix the problem.
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Fair enough, but going back to my original thought - if the BoE 'conjures' up 100 billion or whatever it is by any means - perhaps by just adding on a few zeros electronically to an account - would they go about removing this at a later date?
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Give Eton a buzz, their schoolboys like a good riot!
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