DeeTillEhDeh Posted March 21, 2020 Share Posted March 21, 2020 49% of the population think the government is handling the Coronavirus crisis well, but this includes 70% of over 65s. Old people are as thick as f**k.You should know. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 21, 2020 Share Posted March 21, 2020 17 minutes ago, DeeTillEhDeh said: On 19/03/2020 at 17:22, Granny Danger said: 49% of the population think the government is handling the Coronavirus crisis well, but this includes 70% of over 65s. Old people are as thick as f**k. You should know. You’re not getting this #bekind thing are you? 1 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 21, 2020 Share Posted March 21, 2020 1 hour ago, Detournement said: Zimbabwe and Venezuela suffered hyper inflation due to international sanctions resulting in a lack of consumer products. That has zero relevance to the UK. The world is in a crisis of over production so there is no risk of inflation. Japan has been trying and failing to spark inflation for 30 years. Governments had already created 20 trillion dollars out of thin air prior to this crisis that they managed to convince people wasn't real because it went directly to financial elites. Now the UK government is printing to pay wages for an indefinite period of time and you are still maintaining it's not possible! Can you point out where I said it isn't possible? What is impossible economically is to increase the money supply without consequence. If you think QE has just printed money and increased wealth then you are, by your own definition, "thick". Of course the reality is that the money printed and spent on corporate bonds and Gilts has reduced yields and subsequently income for those that have savings rather than borrowings. QE is just kicking the problem down the road. 1 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 21, 2020 Share Posted March 21, 2020 QE has clearly increased the supply of money. No one has ever claimed that the government can continue monetary expansion with no consequences. Fortunately the government has a mechanism for reducing the total amount of money (or demand) if the economy overheats. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 21, 2020 Share Posted March 21, 2020 (edited) 48 minutes ago, Detournement said: QE has clearly increased the supply of money. No one has ever claimed that the government can continue monetary expansion with no consequences. Fortunately the government has a mechanism for reducing the total amount of money (or demand) if the economy overheats. That is exactly what you insinuated in your original post where you argued that it doesn't have to be paid for. Let's also be clear here - In economics wealth and money are not the same thing. And conflating demand and money...join those dots. Edited March 21, 2020 by strichener 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 21, 2020 Share Posted March 21, 2020 16 minutes ago, strichener said: That is exactly what you insinuated in your original post where you argued that it doesn't have to be paid for. Let's also be clear here - In economics wealth and money are not the same thing. And conflating demand and money...join those dots. The way to draw demand out of the economy is taxation. It doesn't have to be paid for they just need to tax enough that the economy doesn't overheat. In terms of inflation, borrowing costs and exchange rates there is no inevitable negative impact. Obviously money and wealth aren't the same thing but UK money supply was £1.2 trillion greater in 2018 than 2008 so clearly QE had an effect on money supply. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 21, 2020 Share Posted March 21, 2020 1 hour ago, Detournement said: The way to draw demand out of the economy is taxation. It doesn't have to be paid for they just need to tax enough that the economy doesn't overheat. In terms of inflation, borrowing costs and exchange rates there is no inevitable negative impact. Obviously money and wealth aren't the same thing but UK money supply was £1.2 trillion greater in 2018 than 2008 so clearly QE had an effect on money supply. I'll leave this here as you at clearly at it or your googling skills are severely lacking. 0 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted March 22, 2020 Share Posted March 22, 2020 An extract from the Sunday Times 1 Quote Link to comment Share on other sites More sharing options...
LIVIFOREVER Posted March 22, 2020 Share Posted March 22, 2020 Couple of hundred thousand dead is a small price to pay right enough, Dom Cummings for humanitarian of the year award 2020. 0 Quote Link to comment Share on other sites More sharing options...
stanton Posted March 22, 2020 Share Posted March 22, 2020 Looks like Stanley offski https://www.independent.co.uk/news/uk/politics/brexit-stanley-johnson-boris-french-passport-rachel-book-rakes-progress-a9416636.html 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 23, 2020 Share Posted March 23, 2020 https://www.taxresearch.org.uk/Blog/2020/03/23/at-long-last-the-government-can-borrow-straight-from-the-bank-of-england-as-modern-monetary-theory-has-always-suggested-it-should/ The Bank of England are considering buying bonds directly from the government. That means the government have unlimited money supply and can do fiscal expansion without worrying about bond yields or having to pay private banks. Boris and Dom are obviously unwilling to lumber their Reich with huge debt and more austerity. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted March 27, 2020 Share Posted March 27, 2020 For those of you hoping for something nasty to happen to Johnson, be careful what you wish for. Dominic Raab Will Take Over If Boris Johnson Is Seriously Ill With Coronavirus – No.10 1 Quote Link to comment Share on other sites More sharing options...
jimmer Posted March 27, 2020 Share Posted March 27, 2020 At last....The TRUTH !....https://www.youtube.com/watch?v=E_gMT4_PDJI&feature=youtu.be&t=4800 0 Quote Link to comment Share on other sites More sharing options...
DublinMagyar Posted March 27, 2020 Share Posted March 27, 2020 For those of you hoping for something nasty to happen to Johnson, be careful what you wish for. Dominic Raab Will Take Over If Boris Johnson Is Seriously Ill With Coronavirus – No.10Well....... 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted March 27, 2020 Share Posted March 27, 2020 32 minutes ago, DublinMagyar said: 1 hour ago, welshbairn said: For those of you hoping for something nasty to happen to Johnson, be careful what you wish for. Dominic Raab Will Take Over If Boris Johnson Is Seriously Ill With Coronavirus – No.10 Well....... My Voodoo arts are clearly on the up! 1 Quote Link to comment Share on other sites More sharing options...
steve55 Posted March 27, 2020 Share Posted March 27, 2020 0 Quote Link to comment Share on other sites More sharing options...
aDONisSheep Posted March 27, 2020 Share Posted March 27, 2020 13 minutes ago, steve55 said: This is exactly how he washed his hands of his b*****d children. 1 Quote Link to comment Share on other sites More sharing options...
peternapper Posted March 27, 2020 Share Posted March 27, 2020 See the inbreeding among the Tories is catching up with them, cannae see green cheese if Boris gets it they all have to. 0 Quote Link to comment Share on other sites More sharing options...
ICTJohnboy Posted April 5, 2020 Share Posted April 5, 2020 Boris now in hospital - maybe not looking too good for him now. I hope he pulls through - I still see him as Scotland's best hope for independence. 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted April 5, 2020 Share Posted April 5, 2020 15 minutes ago, ICTJohnboy said: Boris now in hospital - maybe not looking too good for him now. I hope he pulls through - I still see him as Scotland's best hope for independence. FFS, mate. You can't even open a tin of peas... 0 Quote Link to comment Share on other sites More sharing options...
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