Jump to content

Where is all the money going ?


Munch

Recommended Posts

To make the all ready rich, richer, whilst the plebs pay for it all with their jobs and conditions thus making it even easier for the mega rich to increase their fortunes. All this under an alleged LABOUR government too.

Link to comment
Share on other sites

Geoff Kilpatrick
To make the all ready rich, richer, whilst the plebs pay for it all with their jobs and conditions thus making it even easier for the mega rich to increase their fortunes. All this under an alleged LABOUR government too.

 

Leaving aside the political rhetoric, there is actually a lot of truth in this. As I said above, the money is sitting in banks coffers, who are using it to (a) rebuild their balance sheets - privatise profits, socialise losses and (B) go and play at the casino bank, given the insurance underwriting some of the assets.

 

What you are watching is a surreptitious theft of savings - the losers are pension funds amongst others.

Link to comment
Share on other sites

I P Knightley
Sure?

 

Check down the back of your settee tonight.

 

Nap.

 

:2thumbsup:

 

Good man, Boris.

 

I am sitting back wondering just how I'm going to blow my new found wealth. I hope that talk of money doesn't come across as too vulgar but now that I'm 18p richer (even more when I've worked out the value of this Turkish coin that was there) than when I put the key in the lock, I have a lot to ponder.

 

Not least, the injuries sustained by my family as I flung them from the settee & then the armchair as I amassed my wealth.

Link to comment
Share on other sites

Geoff Kilpatrick
It's to buy back gilts therefore stimulate the economy by a release of dough/keep interests rate low to encourage spending.

 

Strange situation at the moment, ftse 7 or 8 months of growth but we're still technically in recession (if you believe the accuracy of the latest GDP figures).

 

Will be interesting to see the next GDP figures in Jan, surely can't be negative again?

 

Agree that the banks need more regulating than ever to stop them going back to the bad old days.

 

Either way, Labour's goose is cooked and the tories will be lucky to last more than one parliament as they'll be so hamstrung.

 

The FTSE isn't an indicator of the UK economy. If anything, it's an indicator of the world economy given that so many multi-nationals are listed in London.

Link to comment
Share on other sites

Geoff Kilpatrick
So why then did the worst UK equity performance period in living memory coincide with the depression in the 70s/winter of discontent?

 

Because the game has changed. The City of London is the world's leading financial centre and as such, the nature of businesses listed on the FTSE100 has changed.

 

The FTSE all-share is more relevant to the UK economy.

 

As an aside, the City Diaries on the BBC website are very pertinent.

Link to comment
Share on other sites

Don't worry about it folks, our PM has his eye on the ball.

 

http://news.bbc.co.uk/1/hi/uk_politics/8345696.stm

 

Cannot believe that he does not realise what a muppet he looks when he comments on this sort of tripe. Trying to hard to appear cool to the youngsters when he plainly is not, trying doing your job you clown!:realmad:

Link to comment
Share on other sites

Geoff Kilpatrick
Is it taking us longer to get out of this recession because we don't actually manufacture anything??

Myth - UK is the sixth largest manufacturer in the world.

Link to comment
Share on other sites

Indirectly, yes. It's also helping to pay civil servants.

 

so how is this helping to get us out of recession ? whats the point

Link to comment
Share on other sites

AS I have said many times before...

 

Instead of giving all this money to the banks, perhaps it should have been given to US, either in the form of cash or in tax cuts and business grants.

 

If we all had a bit of extra cash to hand, we'd pay off debts and mortgages or go on spending sprees.

The economy would get a jump start, manufacturing would rise with demand for products again and the money would end up in the banks anyways as companies banked the cash we spent.

 

But rather than do that, the Government has given the equilvalent of ?13,000 per household to the banks, so they can balance their books and hope that eventually we'll give them enough so that they will start lending again.

 

And all this time we are waiting for the lending to be resumed, factories are sitting still and thousands of people are being paid off.

 

 

 

 

 

What could your household have done with ?13,000 extra in your hands?

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.



×
×
  • Create New...