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1 hour ago, Si1 said:

What was the point of it?

What's its relevence now?

It’s the way the Bank of England has to filter low interest rates to companies and households. Just a line of credit at ridiculous interest rates that banks can take and cash-in directly on the spread to the final borrower. Pure corruption IMHO.

Edited by Burbujista
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4 hours ago, Burbujista said:

It’s the way the Bank of England has to filter low interest rates to companies and households. Just a line of credit at ridiculous interest rates that banks can take and cash-in directly on the spread to the final borrower. Pure corruption IMHO.

Communism with bankers as the political elite, basically.

So what's the way forward.

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16 minutes ago, Si1 said:

Communism with bankers as the political elite, basically.

So what's the way forward.

This is great talk IMO and he's a Brit!

The Failure of Monetary Stimulus | Kevin Dowd

 

 

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  • 417 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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