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BoE pumps £100bn into economy


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The BOE are going to take one hundred thousand million pounds out of the economy. Real resources taken from farms, factories and business. They will spend it on government sinecures and wealthy bankers. Should really get the economy going.

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4 minutes ago, winkie said:

.....only way to get people spending is to make it to give it away, some of it might end up doing some good.;)

Give away what? Their own wealth?

And no thought given by the government that we're so fvcked up that we need to spend for the sake of spending just to avoid collapsing. That's a seriously broken model.

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3 minutes ago, Social Justice League said:

Or just scrap the whole Western consumer capitalist model as it doesn't fooking work.

Definitely doesn't work. But as far as I can tell neither does any other model that anyone's come up with. The problem is that sod all effort seems to be put in to finding a plausible alternative. Just as well for the sake of those who use it to cream off wealth for themselves, they can handwave away criticism with "well what's you alternative?" (an example of why I detest "what's the alternative?" or "what's your solution then?" as a retort).

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5 minutes ago, Riedquat said:

Give away what? Their own wealth?

And no thought given by the government that we're so fvcked up that we need to spend for the sake of spending just to avoid collapsing. That's a seriously broken model.

Furloughed.....many thousands that rightfully rely on others to provide for them.....even those that are employed.......if easy to print must therefore be easy to provide, money spent  creates jobs....no money, no spending = no jobs.;)

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Just now, winkie said:

Furloughed.....many thousands that rightfully rely on others to provide for them.....even those that are employed.......if easy to print must therefore be easy to provide, money spent  creates jobs....no money, no spending = no jobs.;)

All signs of the pointless money merry-go-round. Money for the sake of money, jobs for the sake of jobs - actually doing useful stuff doesn't come in to play at all.

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7 minutes ago, Riedquat said:

All signs of the pointless money merry-go-round. Money for the sake of money, jobs for the sake of jobs - actually doing useful stuff doesn't come in to play at all.

Many continue to do useful things anyway....just not paid to do it.....shouldn't stop them.;)

 

Edited by winkie
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19 minutes ago, Social Justice League said:

Or just scrap the whole Western consumer capitalist model as it doesn't fooking work.

AS IF we have capitalism. How funny.

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14 minutes ago, Riedquat said:

Definitely doesn't work. But as far as I can tell neither does any other model that anyone's come up with. The problem is that sod all effort seems to be put in to finding a plausible alternative. Just as well for the sake of those who use it to cream off wealth for themselves, they can handwave away criticism with "well what's you alternative?" (an example of why I detest "what's the alternative?" or "what's your solution then?" as a retort).

Capitalism DEFINITELY has and does work.  There is NOTHING else to compare how brilliantly Capitalism HAS worked.  It brought BILLIONS out of poverty, everywhere.

Socialism is the killer of prosperity and equality and freedom. Obviously!

And no I won't be wasting my time writing about it.

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8 minutes ago, Killer Bunny said:

Capitalism DEFINITELY has and does work.  There is NOTHING else to compare how brilliantly Capitalism HAS worked.  It brought BILLIONS out of poverty, everywhere.

Socialism is the killer of prosperity and equality and freedom. Obviously!

And no I won't be wasting my time writing about it.

I've not even mentioned socialism. You're giving the impression of thinking in very simple terms, one good side, one bad one, pick one and that's all there is to it. The failures of capitalism are numerous and widespread (for starters just how do you stop the various problems that get dismissed as "we've not got capitalism" from arising from it?). My point was indeed that the failures of anything else that have been tried are even greater, but you're burying your head in the sand if that's all you've got to say about it.

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3 minutes ago, Killer Bunny said:

AS IF we have capitalism. How funny.

More than 80 years after Keynes wrote The General Theory? You're just embarrassing yourself.

Here's an up-to-date account of the effectiveness of counter-cyclical fiscal policy.

Keynesian Spending Does Not Lead To Higher Debt

Quote

Abstract: The Great Recession and the Global Financial Crisis have left many developed countries with low interest rates and high levels of public debt, thus limiting the ability of policymakers to fight the next recession. Whether new fiscal stimulus programs would be jeopardized by these already heavy public debt burdens is a central question.

For a sample of developed countries, we find that government spending shocks do not lead to persistent increases in debt-to-GDP ratios or costs of borrowing, especially during periods of economic weakness. Indeed, fiscal stimulus in a weak economy can improve fiscal sustainability along the metrics we study. Even in countries with high public debt, the penalty for activist discretionary fiscal policy appears to be small.

 

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If it isn’t Capitalism, it’s Socialism.

ive seen v little problem with Capitalism.

loads of prob with all other systems.

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It's our current financial system that's broken, where individuals have to work in non jobs for 40 years to earn worhless funny money that banks can create out of thin air at any time.

 

Another £100 billion pumped into the economy..................lol

Why not a trillion more?  Who cares.........just pump that wortheless sh1te right in.

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2 minutes ago, Social Justice League said:

It's our current financial system that's broken, where individuals have to work in non jobs for 40 years to earn worhless funny money that banks can create out of thin air at any time.

 

Another £100 billion pumped into the economy..................lol

Why not a trillion more?  Who cares.........just pump that wortheless sh1te right in.

kinda makes you feel sorry for nurses fighting covid on 25k a year. 

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1 minute ago, longgone said:

kinda makes you feel sorry for nurses fighting covid on 25k a year. 

Yes, especially when you can get admin/HR jobs at £40k where you literally do f all. 

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  • 415 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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