Munch Posted November 5, 2009 Posted November 5, 2009 http://www.thisismoney.co.uk/news/article.html?in_article_id=492881&in_page_id=2&ct=5 Does anyone know where all this money is going ?
bigwull22 Posted November 5, 2009 Posted November 5, 2009 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.
I P Knightley Posted November 5, 2009 Posted November 5, 2009 http://www.thisismoney.co.uk/news/article.html?in_article_id=492881&in_page_id=2&ct=5 Does anyone know where all this money is going ? I don't have it.
Boris Posted November 5, 2009 Posted November 5, 2009 I don't have it. Sure? Check down the back of your settee tonight. Nap.
Cade Posted November 5, 2009 Posted November 5, 2009 http://www.thisismoney.co.uk/news/article.html?in_article_id=492881&in_page_id=2&ct=5 Does anyone know where all this money is going ? Swiss bank accounts most likely.
The Gasman Posted November 5, 2009 Posted November 5, 2009 http://www.thisismoney.co.uk/news/article.html?in_article_id=492881&in_page_id=2&ct=5 Does anyone know where all this money is going ? Now that the postal strike's over, I'm expecting a cheque for my share of the ?2,000,000,000 to drop through my letter box any day now.
Geoff Kilpatrick Posted November 5, 2009 Posted November 5, 2009 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 ( 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.
I P Knightley Posted November 5, 2009 Posted November 5, 2009 Sure? Check down the back of your settee tonight. Nap. 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.
Drew Busby ! Posted November 5, 2009 Posted November 5, 2009 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
Geoff Kilpatrick Posted November 5, 2009 Posted November 5, 2009 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.
Geoff Kilpatrick Posted November 5, 2009 Posted November 5, 2009 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.
ToYouToMe Posted November 6, 2009 Posted November 6, 2009 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!
southside1874 Posted November 6, 2009 Posted November 6, 2009 Is it taking us longer to get out of this recession because we don't actually manufacture anything??
Geoff Kilpatrick Posted November 6, 2009 Posted November 6, 2009 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.
Munch Posted November 6, 2009 Author Posted November 6, 2009 Myth - UK is the sixth largest manufacturer in the world. There is 200 Billion pounds been printed are you saying its sitting in a bank somewhere in order to make up for all there losses on the balance sheets ? RBS is still loosing fortunes. http://news.bbc.co.uk/1/hi/business/8345922.stm
Geoff Kilpatrick Posted November 6, 2009 Posted November 6, 2009 There is 200 Billion pounds been printed are you saying its sitting in a bank somewhere in order to make up for all there losses on the balance sheets ? RBS is still loosing fortunes. http://news.bbc.co.uk/1/hi/business/8345922.stm Indirectly, yes. It's also helping to pay civil servants.
Munch Posted November 6, 2009 Author Posted November 6, 2009 Indirectly, yes. It's also helping to pay civil servants. so how is this helping to get us out of recession ? whats the point
Cade Posted November 6, 2009 Posted November 6, 2009 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?
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