Timm Posted October 25, 2010 Share Posted October 25, 2010 So, Thursday the 4th November 2010. Halifax and Nationwide QoQ down, consumer confidence fallen off a cliff after the spending review. Demand for credit evaporating by the day. It's now the big chance for the BoE to start printing money again. It's the logical date because of the publication of the Quarterly Inflation Report - any other date would look as if they had been panicked, and were losing control. Meanwhile, the public look around at all the fear, the projected job losses and the media bleeting about savage, brutal cuts that will lead to everyone living in a cardboard box. And then they see perceive billions of pounds being printed up free of debt and given to the bankers. Is this the moment the UK public turns? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 25, 2010 Share Posted October 25, 2010 So, Thursday the 4th November 2010. Halifax and Nationwide QoQ down, consumer confidence fallen off a cliff after the spending review. Demand for credit evaporating by the day. It's now the big chance for the BoE to start printing money again. It's the logical date because of the publication of the Quarterly Inflation Report - any other date would look as if they had been panicked, and were losing control. Meanwhile, the public look around at all the fear, the projected job losses and the media bleeting about savage, brutal cuts that will lead to everyone living in a cardboard box. And then they see perceive billions of pounds being printed up free of debt and given to the bankers. Is this the moment the UK public turns? Interesting times. You gotta hope they see sense and dont print. If they do we really are going down the plug hole. I've said all along that they need to let the banks fail and protect the depositors money. Bankrupts shoudl be jailed as common theives. We need a change in attitude, a real change in government and a real age of austerity. Quote Link to comment Share on other sites More sharing options...
Alan B'Stard MP Posted October 25, 2010 Share Posted October 25, 2010 Is this the moment the UK public turns? Are you serious? The UK public is in debt and they need money. It's preferable if someone hands it out pro gratis. They will approve. Quote Link to comment Share on other sites More sharing options...
crouch Posted October 25, 2010 Share Posted October 25, 2010 So, Thursday the 4th November 2010. Halifax and Nationwide QoQ down, consumer confidence fallen off a cliff after the spending review. Demand for credit evaporating by the day. It's now the big chance for the BoE to start printing money again. It's the logical date because of the publication of the Quarterly Inflation Report - any other date would look as if they had been panicked, and were losing control. Meanwhile, the public look around at all the fear, the projected job losses and the media bleeting about savage, brutal cuts that will lead to everyone living in a cardboard box. And then they see perceive billions of pounds being printed up free of debt and given to the bankers. Is this the moment the UK public turns? Most won't understand what a cruise ship has to do with the economy. Quote Link to comment Share on other sites More sharing options...
this_prisoner_is_opting_out Posted October 25, 2010 Share Posted October 25, 2010 They'll ******ing love it. Tell them that all austerity measures have been withdrawn and the "free money tree" will continue to provide. They'll be like pigs in shit. Quote Link to comment Share on other sites More sharing options...
Timm Posted October 25, 2010 Author Share Posted October 25, 2010 Are you serious? The UK public is in debt and they need money. It's preferable if someone hands it out pro gratis. They will approve. Will they approve of it being handed to nasty bankers though? Quote Link to comment Share on other sites More sharing options...
Brave New World Posted October 25, 2010 Share Posted October 25, 2010 So, Thursday the 4th November 2010. Halifax and Nationwide QoQ down, consumer confidence fallen off a cliff after the spending review. Demand for credit evaporating by the day. It's now the big chance for the BoE to start printing money again. It's the logical date because of the publication of the Quarterly Inflation Report - any other date would look as if they had been panicked, and were losing control. Meanwhile, the public look around at all the fear, the projected job losses and the media bleeting about savage, brutal cuts that will lead to everyone living in a cardboard box. And then they see perceive billions of pounds being printed up free of debt and given to the bankers. Is this the moment the UK public turns? Ignorance is bliss for the general public and, as a result, for this countries ruiling elite - elected and non elected. People i know do not have any real grasp of how economic policy impacts upon them, let's face it people like it that way. Quote Link to comment Share on other sites More sharing options...
red11 Posted October 25, 2010 Share Posted October 25, 2010 Interesting times. You gotta hope they see sense and dont print. If they do we really are going down the plug hole. I've said all along that they need to let the banks fail and protect the depositors money. Bankrupts shoudl be jailed as common theives. We need a change in attitude, a real change in government and a real age of austerity. I'm fairly certain there will be yet another round of quantitive easing in the next couple of months. The government doesn't seem to understand that QE does little for the economy, apart from lining the bankers pockets even further. I would also recommend letting the banks fail, whilst protecting the depositors 50k. It is supposed to be capitalism in a free market economy. To stimulate growth we need to get real money to the people, who will then spend it and create growth. Quote Link to comment Share on other sites More sharing options...
Alan B'Stard MP Posted October 25, 2010 Share Posted October 25, 2010 Will they approve of it being handed to nasty bankers though? Of course they will. They want free money - but they want to borrow it, to appease the vicar. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted October 25, 2010 Share Posted October 25, 2010 I have seen no mention of Cheryl Cole, the X-Factor or Big Brother in this thread - suffice to say, the Public will show no interest unless the nation's sweetheart shows us her knickers!? Quote Link to comment Share on other sites More sharing options...
Injin Posted October 25, 2010 Share Posted October 25, 2010 Of course they will. They want free money - but they want to borrow it, to appease the vicar. Not gonna fly. Cheques to the masses they can spend on shite (and thence deposit.) Quote Link to comment Share on other sites More sharing options...
Alan B'Stard MP Posted October 25, 2010 Share Posted October 25, 2010 Not gonna fly. Cheques to the masses they can spend on shite (and thence deposit.) It's not cheques to the masses. They have to acquire it through normal mechanisms. Quote Link to comment Share on other sites More sharing options...
lulu Posted October 25, 2010 Share Posted October 25, 2010 Ignorance is bliss for the general public and, as a result, for this countries ruiling elite - elected and non elected. People i know do not have any real grasp of how economic policy impacts upon them, let's face it people like it that way. Yes, mention quantitive easing to to Jo Public and I am sure you will get little more than a few blank looks. It was not too long ago I had to explain to my Masters level educated friend about interest rates and the monthly decision about them at the BoE she thought all rates were set by the bank (which is largely correct but I dont think she even knew the Bank of England even existed). On the other hand isnt that Wagner bloke awful on the X-Factor? and that Cheryl can't sing and blubs alot too. That is where the real news is at. Quote Link to comment Share on other sites More sharing options...
Guest_FaFa!_* Posted October 25, 2010 Share Posted October 25, 2010 It was not too long ago I had to explain to my Masters level educated friend about interest rates and the monthly decision about them at the BoE she thought all rates were set by the bank (which is largely correct but I dont think she even knew the Bank of England even existed). 4 years ago, I was similar to your friend. It was only coming back from a period abroad, seeing house prices and thinking WTF which led me down the rabbit hole and ultimately to this site and beyond. I often wonder whether the decision not to have mandatory teaching of finance and economics to students is in fact deliberate policy by TPTB. I don't think anyone is really aware, other than geeks like ourselves, what QE is. Quote Link to comment Share on other sites More sharing options...
SNACR Posted October 25, 2010 Share Posted October 25, 2010 Generally, I don't think the public has much perception really of what QE is. They may spout a phrase like 'I heard the government's been printing money' when they get a new looking tenner out of their wallet but it's just a stock phrase like 'we own the banks' they've learnt. I don't get the impression there's any serious level of understanding behind any of it. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted October 25, 2010 Share Posted October 25, 2010 I have seen no mention of Cheryl Cole, the X-Factor or Big Brother in this thread - suffice to say, the Public will show no interest unless the nation's sweetheart shows us her knickers!? You forgot football. Ironically, football itself is collapsing due to the very Ponzinomics it used to distract people from thinking about. Quote Link to comment Share on other sites More sharing options...
Injin Posted October 25, 2010 Share Posted October 25, 2010 It's not cheques to the masses. They have to acquire it through normal mechanisms. Not going to fly. No chance. An increase to the pension though, on the other hand.. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted October 25, 2010 Share Posted October 25, 2010 (edited) News at 6. The government has just printed £1000 trillion pounds. Your money wont buy diddly squat. MR WAYNE SLOB What times the footy on, waynetta. MR WAYNETTA SLOB Same time as Katie and Peter, im watching that. MR WAYNE SLOB No you aint. <<<FIGHT FOR REMOTE COMMENCES, THE 25 STONE WAYNETTA PACIFIES THE 8 STONE WAYNE BY SITTING ON HIM, KATIE AND PETER IS WATCHED AND ENJOYED>>> 1 WEEK LATER, The satellite bill arrives, has increased from £50 a month to £50,000 a month, a national pandemic starts. Millions dead within days. Thats the reaction i expect. Slightly delayed, but yes, blood will be spilt. The rivers will be flowing red. Edited October 25, 2010 by Sadman Quote Link to comment Share on other sites More sharing options...
The Bull Trap Posted October 25, 2010 Share Posted October 25, 2010 They'll ******ing love it. Tell them that all austerity measures have been withdrawn and the "free money tree" will continue to provide. They'll be like pigs in shit. Brilliant. I'm taking you on the road!!! +1! Quote Link to comment Share on other sites More sharing options...
General Congreve Posted October 25, 2010 Share Posted October 25, 2010 Can't speak for the rest of them, but this member of the public will be punching the air with delight... GOAL(ED)!!! Quote Link to comment Share on other sites More sharing options...
General Congreve Posted October 25, 2010 Share Posted October 25, 2010 Are you serious? The UK public is in debt and they need money. It's preferable if someone hands it out pro gratis. They will approve. Don't know why, the money will be no use to them when Armageddon comes (to use a tired argument). Quote Link to comment Share on other sites More sharing options...
LittleSteroid Posted October 25, 2010 Share Posted October 25, 2010 (edited) people you are talking about are in deep s*** (debt). They are scared and they'll do f*** all. Simples. Edited October 25, 2010 by LittleSteroid Quote Link to comment Share on other sites More sharing options...
tomandlu Posted October 25, 2010 Share Posted October 25, 2010 4 years ago, I was similar to your friend. It was only coming back from a period abroad, seeing house prices and thinking WTF Pretty much the same as me (except I wasn't abroad - just not interested in buying a house). Quote Link to comment Share on other sites More sharing options...
General Congreve Posted October 25, 2010 Share Posted October 25, 2010 Ignorance is bliss for the general public and, as a result, for this countries ruiling elite - elected and non elected. People i know do not have any real grasp of how economic policy impacts upon them, let's face it people like it that way. "The best argument against democracy is a five-minute conversation with the average voter." - Sir Winston Churchill Quote Link to comment Share on other sites More sharing options...
abharrisson Posted October 25, 2010 Share Posted October 25, 2010 So, Thursday the 4th November 2010. Halifax and Nationwide QoQ down, consumer confidence fallen off a cliff after the spending review. Demand for credit evaporating by the day. It's now the big chance for the BoE to start printing money again. It's the logical date because of the publication of the Quarterly Inflation Report - any other date would look as if they had been panicked, and were losing control. Meanwhile, the public look around at all the fear, the projected job losses and the media bleeting about savage, brutal cuts that will lead to everyone living in a cardboard box. And then they see perceive billions of pounds being printed up free of debt and given to the bankers. Is this the moment the UK public turns? I suspect anything that is done to re-invigorate the economy will be viewed as positive by the public.. the last thing they want is a recession and with interest rates so low and taxes being raised to mop up some of the debt QE is one of the few things in the armoury to try and boost the economy.. On a different point though the debate on Bankers Bonuses vs Public suffering looks set to run and run.... for one I really really hope that the politicians don't let it runaway with them beyond all reason. if they implement measures to restrict the UK environment beynd that in other countries it will be unnecessarilly damaging. I don't think we are nearing another banking meltdown so the only thing that will be achieved by punishing bankers is to force them out of the UK which will make the economic hill we have to climb more difficult... I don't want to appear as an apologist for bankers but I do want to emphasise that taking action on our own will be counter productive... action together fine, but as the UK by itself risks being more damaging than anything else. besides this whole argument about restricting bonuses and getting banks to lend more is facile... the maount paid out in bonuses would make little difference to lending to samll businesses or people, partly becasue the large bonuses are not paid in retail banks.... if goldman sachs paid NO BONUSES the effect on lending to small businesses or individuals in the states or here would be zero I suspect, whereas in say lloyds TSB..... all members of staff might get a 10% bonus if the business does well, but that bonus has I suspect evolved over time and so is viewed a little like normal pay and rations as it is not paid on performance.... cutting it would be difficult, cutting the much bigger bonuses of the top team ( which is small) would have probably zero effect on a business as huge as that....... the bonus argument is a difficult one and in my mond Vince has trivialised it in a very ill advised way. Quote Link to comment Share on other sites More sharing options...
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