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Your Job Tomorrow, Is To Ask A Non Hpcer, What Is Qe?

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Your Job Tomorrow, Is To Ask A Non Hpcer, What Is QE?

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I'll suspect, most DO NOT KNOW WHAT THE HECK IT IS.

You'll be pleasantly surprised I suspect.

Asked a banker friend - he had no idea. :blink:

Edited by Pseudo Lord Sandwich

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Your Job Tomorrow, Is To Ask A Non Hpcer, What Is QE?

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I'll suspect, most DO NOT KNOW WHAT THE HECK IT IS.

You'll be pleasantly surprised I suspect.

Asked a banker friend - he had no idea. :blink:

I have a friend who is a GP who has just sold her house

she was talking about buying another claiming to me that

prices were rising again

I had previously let her know my feelings on the subject

when she was selling up,obviously in 1 ear and ....

when she asked me to tell her why there was a problem

I rambled on a bit and out popped QE in the rant

"whats that" she asked...........

people just stick their head in the sand and believe whatever

snippets they get from the Beeb and the Express I suspect

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Your Job Tomorrow, Is To Ask A Non Hpcer, What Is QE?

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I'll suspect, most DO NOT KNOW WHAT THE HECK IT IS.

You'll be pleasantly surprised I suspect.

Asked a banker friend - he had no idea. :blink:

It's a popular quiz show on BBC2 hosted by Stephen Fry

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Your Job Tomorrow, Is To Ask A Non Hpcer, What Is QE?

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I'll suspect, most DO NOT KNOW WHAT THE HECK IT IS.

You'll be pleasantly surprised I suspect.

Asked a banker friend - he had no idea. :blink:

I actually had the conversation at the weekend with an aspiring Politician (that's how he describes himself, he is in fact a mature, seriously deluded, undergrad student doing Politics and Economics). He not only had no idea what it is, he couldn't begin to grasp the concept when I explained it to him. I also briefly explained the very basics of fractional reserve banking and the US Fed (and only the undisputed stuff) - he dismissed me as a conspiracy theorist.

Now I think about it, perhaps he isn't deluded after all - he sounds like an ideal candidate for any major political party.

Edited by daniel stallion

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<!--quoteo(post=2173080:date=Sep 30 2009, 08:24 PM:name=Pseudo Lord Sandwich)--><div class='quotetop'>QUOTE (Pseudo Lord Sandwich @ Sep 30 2009, 08:24 PM) <a href="index.php?act=findpost&pid=2173080"><{POST_SNAPBACK}></a></div><div class='quotemain'><!--quotec-->...

I'll suspect, most DO NOT KNOW WHAT THE HECK IT IS.

...<!--QuoteEnd--></div><!--QuoteEEnd-->

Most folk on here struggling too...... <img src="http://www.housepricecrash.co.uk/forum/public/style_emoticons/<#EMO_DIR#>/smile.gif" style="vertical-align:middle" emoid=":)" border="0" alt="smile.gif" />

I have to confess, I tried explaining it to a friend a few weeks ago - and I realised that I didn't fully understand it.

What I did explain well though is how the banking system creates money though debt. He was open minded about it, shocked about it, and then felt conned afterward. After all it is a con because the true nature of the system is not advertised or taught in schools.

When you apply for a mortgage they don't say we'll create £100,000 worth of electronic credits on our computer system which you will then exchange with the seller for a house, any your interest payments will directly profit a the holder of the newly created electronic credits (who has just given up an asset, so fair play), b the inland revenue and c the banks profits. And b and c have done nothing productive for the economy to warrant profiting from 50% of your take home pay for the next 10 years.

I think explaining this only works with open minded people who trust your opinion / intelligence. Trying to explain this to someone you don't know well and who reads the Sun will be near impossible.

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When you apply for a mortgage they don't say we'll create £100,000 worth of electronic credits on our computer system which you will then exchange with the seller for a house

I hope your friend didn't listen to you because you got it hopelessly wrong.

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I've been on HPC for ages but I still don't know, definitively, where the hundreds of billions of QE is ending up. Someone even said on another thread that it does not actually exist.

My own view is that it is a direct subsidy to the banks to cover them for bad loans, not just mortgages but also credit cards and overdrafts. I've heard of enough anecdotal evidence to believe the defaults on credit cards, shop cards and the like must be enormous.

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