Jump to content
House Price Crash Forum
Sign in to follow this  
Si1

Cebr paper that says low interest rates are not the cure

Recommended Posts

Let's face it, most people with half a brain know that low interest rates aren't the cure, however banks have a vested interest in keeping this merry-go-round continuing. After all, I heard somewhere that banks lend a whopping FIFTY times more money to people buying overpriced shitbox properties than they do to UK manufacturers.

Thing is, in an ideal and economically fiscal world, throwing cheap credit to millions of people (esp people on low pay) in order to get them to spend it in shops etc is complete and utter f****ng madness! Surely the ideal would be for the masses to actually SAVE money in their accounts (so they can save up for nice things etc) rather than borrow money constantly? Or am I missing something?

Share this post


Link to post
Share on other sites
17 minutes ago, Princekie said:

Let's face it, most people with half a brain know that low interest rates aren't the cure, however banks have a vested interest in keeping this merry-go-round continuing. After all, I heard somewhere that banks lend a whopping FIFTY times more money to people buying overpriced shitbox properties than they do to UK manufacturers.

Thing is, in an ideal and economically fiscal world, throwing cheap credit to millions of people (esp people on low pay) in order to get them to spend it in shops etc is complete and utter f****ng madness! Surely the ideal would be for the masses to actually SAVE money in their accounts (so they can save up for nice things etc) rather than borrow money constantly? Or am I missing something?

Trouble is, under the present rent-a-currency, debt based, commercially issued money system, you can 'save' only what another has borrowed into existence.

Someone, somewhere is paying interest to a commercial bank for almost every (electronic) pound in circulation, including those 'saved'.

Why, as a trading and investing population, as the citizenry of a supposedly sovereign nation state, do we not issue publicly our own adequate, debt free money supply?

This is the pertinent question.

Why do we borrow at interest from a commercial cartel our essential medium of exchange?

See http://www.positivemoney.org for more details.

 

 

Edited by The Spaniard

Share this post


Link to post
Share on other sites

The only way money to spend can get into the system is via debt......most of it will never be repaid, the rest inflation will repay.

Wages alone can't pay for a home or many other things people want and need today.

You know when the economy is not working when your wages today are being paid with debt to be repaid tomorrow.;)

Share this post


Link to post
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...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 293 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.