Jump to content

Quantative easing?


observer
 Share

Recommended Posts

Could someone explain this latest smoke and mirrors operation ? :? Apparently, the Bank of England buys up "bad debt", then re-issues new money to cover the difference? :shock: So what happens to the folk that have been living irresponsibly beyond their means for the last 10 years and run up huge debts (average UK debt over ?19,000!); are they being written off - sort of, lost at a game of monopoly, oh tip the board over and start again? :roll: And if they start start "printing" more bank notes - won't that devalue the currency even more - have we got some of Mugabe's bankers here on loan?! :? As for reducing interest rates, yet again; what a reward for all those fiscally responsible folk who have worked and SAVED all their lives, only to discover their savings are being devalued to save the feckless. :twisted:

Link to comment
Share on other sites

I seem to recall last time I was in Germany a few years back; that they still put the price in Marks on price tags in shops.....

 

My German mate still longs for the return of his currency unlike our Euro Collaborator friends who would sell us all down the river for a bit of self recognition

Link to comment
Share on other sites

If you're ever on the continent have a look at your receipts. Very often you find the price in the old currency of the country as well as the ? price. Hedging their bets?? :wink::wink:

Link to comment
Share on other sites

Notice that the East European entrants into the EU, having shed communism and entered the EU with their begging bowls; are now suffering from the recession, to the point where some may be declared bankrupt - so more of our money required to bail them out no doubt. :roll::twisted:

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...