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Is There A Chance That All This Bailout And Money-printing Tomfoolery....


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.... uncharted territory.

Maybe they will (scottish accent) kickstart the global economy and get lending moving again....

What would happen then?

Eh? Eh? Eh?

Eh?

That would be the worst case scenario, then we would have nothing to get excited about, no it wont work, everything is going to crash, its all doom and gloom.

Just the way we like it. :P

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What would happen then?

Brown would be a national hero- there would be parades through crowds of citizens weeping with gratitude, there would be statues erected in every town square of a rampant prime minister in his pomp- beautiful women would throw themselves at his feet, and then....and then.....and then he wakes up. :lol:

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It won't work, wave a magic wand and Great Britain is well Great again....

....How can we be the only country to prosper when the rest of the world has gone to sh*t in a basket? It's the whole world or nuffink, innit?

It's a global problem that started in London. :rolleyes:

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I read somewhere the gross amounts owed by the banks worldwide are 600 Trillion and the net amounts are guesstimated at 14 Trillion. The Fed has so far given away 1 Trillion (?) and GB far less. I can't believe there are even enough Monopoly sets in the country to make this work. But I'm no expert.

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Guest UK Debt Slave
So the QE isn't to introduce more money into the economy?

hehehe

What a sham it is

And what a sad bunch of suckers people are to believe QE will work

QE = create credit out of thin air, pump it into the economy and hope for the best.

People are so dumb.

I've had a few beers and frankly, I can't even be bothered to explain why it wont work

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If you feed a smack head more heroin then they continue to be addicted to it. To get them off the smack you need them to go cold turkey. Which is painful, really horrid and unpleasant.

Think of debt as heroin.

The UK is a debt junkie.

Gordon's the dealer.

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define what you mean by 'work'

some people think japan's qe 'worked' so in the context of QE the bar is quite clearly very very low, hence the meejia reporting it as a 'success' for the BoE after only two days. :lol:

Meejia goin soft? They reported Irag a success after just one day :lol::lol:

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My hunch is that it will help arrest HPC by year's end. At the same time the equity markets will improve.

Broon will wage his election campaign on these achievements, but it's just a calm interlude. NuLab still lose, although narrowly.

Brown is thrown overboard, and the Tories struggle to bring the ship's bow around in the face of the gathering Perfect Storm.

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If you feed a smack head more heroin then they continue to be addicted to it. To get them off the smack you need them to go cold turkey. Which is painful, really horrid and unpleasant.

Think of debt as heroin.

The UK is a debt junkie.

Gordon's the dealer.

The people wont put up with something that is painfull and horrid so Gordon is going to try and put them on methadone.

Gordon is the doctor wether or not he turns out to be Harold Shipman in disguise is another matter.

Edited by Mr Grumpy
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Will it `work'

There hasn't been one initiative in GB's response to the recession which has come with measurable objectives against which to judge success. Why don't the journos at the initiative launch press conferences start making an investment in future stories by asking `how will success be measured for this and over what timescale?'

VAT reduction

Base rate reduction

stamp duty holiday

bank recapitalisation

mortgage rollover for `hard working families'

more bank capitalisation and nationalisation

car loans

Pleading with banks to lend more

QE

etc, etc

`We're doing this to try to help families/businesses/the economy/the banks' is criminally vague when throwing these sums of money around.

Y

Edited by yokel
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  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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