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When are they going to extend their auctions to allow the man in the street to participate? Why not allow J Public to pledge his written in crayon IOUs as collateral?

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When are they going to extend their auctions to allow the man in the street to participate? Why not allow J Public to pledge his written in crayon IOUs as collateral?

It's because the average man in the street isn't dishonest, greedy and corrupt enough. It takes a special kind of crook to make loans to people with money that has literally been printed out of thin air.

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As I said in another thread, this is a huge change in that investment banks can now apply.

These means any bank that lent on a dodgy business deal can get help.

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This isn't on Bloomberg, CNN, Reuters or Fox websites yet. Where did the Beeb get it from?

Good point, I just saw this on news 24 the reporter said it had happened in the last hour.

News like this would normally be trumpeted with great fanfare by the likes of cnbc.

Also, when the FED normally makes these announcements it’s usually around 9am their time, or early afternoon for us. The DOW usually shoots up on the news, but today it’s just moving steadily down.

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It's because the average man in the street isn't dishonest, greedy and corrupt enough. It takes a special kind of crook to make loans to people with money that has literally been printed out of thin air.

and so what if a few hundred thousand UK denizens go bust. WHO will that hurt.

Collapse a bank or two and the Guvment gets it.

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Let's say- Banks get cash for 3%, Then we borrow at 8% :blink::blink:

And we pay it off with our after-tax funds. And where will the taxes go? To bail-out the banks.

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Let's say- Banks get cash for 3%, Then we borrow at 8% :blink::blink:

Its still only 3 month money- so they gotta hope that they can roll it over again at such favourable rates at renewal.

With Libor Over 6% 8% sounds cheap for a loan.

In any case, they need the money to shore up balance sheets, not for loaning.

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I've emailed the Federal Reserve to claim a couple of billion. My requirements are quite modest but I feel that I have a good case.

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Let's say- Banks get cash for 3%, Then we borrow at 8% :blink::blink:

No, this isn't about borrowing low and lending high. This is about the whole banking system being holed below the waterline.

Just to put in context, $100bn = £50bn = 18 months of spending by the UK on defence, the whole lot, army, navy, airforce. Or the tax take for business rates and council tax combined for the UK for one year.

This is intervention on a huge scale. Why is it being done? Because the previous extreme measures haven't worked, why not? Because the mess is $1.2Trillion and that removes $10Tr from the credit market, and that equals twice the whole value of the UK housing stock.

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I've emailed the Federal Reserve to claim a couple of billion. My requirements are quite modest but I feel that I have a good case.

They'll turn you down as you'll go and blow it on something stupid like ...Gold ;)

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  • 295 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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