Brown in final gamble: to print money

[turbobloke]

s2art said:

turbobloke said:

How about the problem of buying energy, regardless of our appalling energy security?

How long would it take to increase coal output?

Just a bit longer than it would take to recycle Monbiot, and shut down Fiends of the Earth & Greenpeas.

[Mike400]

So the £4k personal loan I took out last year will cost me about 50p in today's money to repay.....but my wages will be reduced to about 4p a month in today's money....

So whats different? The repayments will still be the same percentage as my take-home pay unless employers raise wages in line with new inflation rates?

I am rubbish with economics...

[Goochie]

Mike400 said:

I am rubbish with economics...

You're right there.

I dont even understand the question!

[ultegra]

Zimbabwe

[Mike400]

Goochie said:

Mike400 said:

I am rubbish with economics...

You're right there.

I dont even understand the question!

Lol cheers!

I think what I was trying to ask, was what difference will it make to those in debt, as obviously anyone with a healthy balance sheet will suffer?

[Fittster]

ultegra said:

Zimbabwe

Japan.

[Munter]

UK fkwhits in No10 Gov worry about negative inflation.

So BoE prints more money = inflation. Got that.

So long as they dont keep doing it month on month it should achieve the increase in inflation they desire.... right?

Anyway I cant help feeling all the meddleing is just postponeing a problem. It feels like avoiding going to the dentist with tooth ache because your worried about the pain. Rather than weeks of pain you'd be best to get in the chair and accept it, and be better in 1/2 the time....

[Goochie]

Mike400 said:

Goochie said:

Mike400 said:

I am rubbish with economics...

You're right there.

I dont even understand the question!

Lol cheers!

I think what I was trying to ask, was what difference will it make to those in debt, as obviously anyone with a healthy balance sheet will suffer?

Assuming their salary/pay remains the same and their loans are on a fixed rate, it will make no direct difference to them at all.

You could argue that they're more likely to default as the cost of things go up around them and they're no longer able to make the monthly repayments.

Theoretically if those living on the brink had variable rate debts that have recently fallen, they could pay it off sooner. But we all know that they're more likely to use the extra money of fags and booze.

[jesusbuiltmycar]

Fittster said:

ultegra said:

Zimbabwe

Japan.

Although it didn't lead to hyperinfaltion in Japan, as a recession buster it was not exactly a blistering success.

Edited by jesusbuiltmycar on Thursday 8th January 17:28

[Sciroccology]

Ganglandboss said:

Well it worked okay in post WWI Germany..........

[Dunk76]

Sciroccology said:

Ganglandboss said:

Well it worked okay in post WWI Germany..........

Well, we could with some new motorway....

[dilbert]

JagLover said:

The bogeyman used to justify massive interest rate cuts and now simply printing money is deflation.

It's incredible isn't it.

I can't work out if Gordo, doesn't actually know the word inflation, or just that he's neck deep in the lies, so he can't use the word even now, that the lies are clear to be illuminated by a 100 billion candle power, arc light.

What I wonder is if people in general will believe that we are still facing deflation, as they halve the value of the queens/our currency every six months.

[s2art]

dilbert said:

JagLover said:

The bogeyman used to justify massive interest rate cuts and now simply printing money is deflation.

It's incredible isn't it.

I can't work out if Gordo, doesn't actually know the word inflation, or just that he's neck deep in the lies, so he can't use the word even now, that the lies are clear to be illuminated by a 100 billion candle power, arc light.

What I wonder is if people in general will believe that we are still facing deflation, as they halve the value of the queens/our currency every six months.

There may be some inflation, but thats only a part of the story. The question is; what is happening to the money supply? If there is not enough money in circulation then printing it is a fair solution.

[dilbert]

s2art said:

dilbert said:

JagLover said:

The bogeyman used to justify massive interest rate cuts and now simply printing money is deflation.

It's incredible isn't it.

I can't work out if Gordo, doesn't actually know the word inflation, or just that he's neck deep in the lies, so he can't use the word even now, that the lies are clear to be illuminated by a 100 billion candle power, arc light.

What I wonder is if people in general will believe that we are still facing deflation, as they halve the value of the queens/our currency every six months.

There may be some inflation, but thats only a part of the story. The question is; what is happening to the money supply? If there is not enough money in circulation then printing it is a fair solution.

I don't need to say anything here. I can't prevent the enevitable.

If you think it's allright, that's fine, but it probably means you're one of the ones who it's not going to make any difference for.

All I can say, is that that's probably going to put you on the receiving end of the venom that people had for the bankers, just a month or two ago.

ETA;

Perhaps you'll be lucky, and the venomous will be forced into a typhoid oblivion, but even I don't think it's going to be that bad.

Edited by dilbert on Thursday 8th January 18:08

[s2art]

dilbert said:

s2art said:

dilbert said:

JagLover said:

The bogeyman used to justify massive interest rate cuts and now simply printing money is deflation.

It's incredible isn't it.

I can't work out if Gordo, doesn't actually know the word inflation, or just that he's neck deep in the lies, so he can't use the word even now, that the lies are clear to be illuminated by a 100 billion candle power, arc light.

What I wonder is if people in general will believe that we are still facing deflation, as they halve the value of the queens/our currency every six months.

There may be some inflation, but thats only a part of the story. The question is; what is happening to the money supply? If there is not enough money in circulation then printing it is a fair solution.

I don't need to say anything here. I can't prevent the enevitable.

If you think it's allright, that's fine, but it probably means you're one of the ones who it's not going to make any difference for.

All I can say, is that that's probably going to put you on the receiving end of the venom that people had for the bankers, just a month or two ago.

Then they would be being a bit thick.

[dilbert]

s2art said:

dilbert said:

s2art said:

dilbert said:

JagLover said:

The bogeyman used to justify massive interest rate cuts and now simply printing money is deflation.

It's incredible isn't it.

I can't work out if Gordo, doesn't actually know the word inflation, or just that he's neck deep in the lies, so he can't use the word even now, that the lies are clear to be illuminated by a 100 billion candle power, arc light.

What I wonder is if people in general will believe that we are still facing deflation, as they halve the value of the queens/our currency every six months.

There may be some inflation, but thats only a part of the story. The question is; what is happening to the money supply? If there is not enough money in circulation then printing it is a fair solution.

I don't need to say anything here. I can't prevent the enevitable.

If you think it's allright, that's fine, but it probably means you're one of the ones who it's not going to make any difference for.

All I can say, is that that's probably going to put you on the receiving end of the venom that people had for the bankers, just a month or two ago.

Then they would be being a bit thick.

I'll assume that's the thinly veiled insult that it appears to be.

[s2art]

dilbert said:

s2art said:

dilbert said:

s2art said:

dilbert said:

JagLover said:

The bogeyman used to justify massive interest rate cuts and now simply printing money is deflation.

It's incredible isn't it.

I can't work out if Gordo, doesn't actually know the word inflation, or just that he's neck deep in the lies, so he can't use the word even now, that the lies are clear to be illuminated by a 100 billion candle power, arc light.

What I wonder is if people in general will believe that we are still facing deflation, as they halve the value of the queens/our currency every six months.

There may be some inflation, but thats only a part of the story. The question is; what is happening to the money supply? If there is not enough money in circulation then printing it is a fair solution.

I don't need to say anything here. I can't prevent the enevitable.

If you think it's allright, that's fine, but it probably means you're one of the ones who it's not going to make any difference for.

All I can say, is that that's probably going to put you on the receiving end of the venom that people had for the bankers, just a month or two ago.

Then they would be being a bit thick.

I'll assume that's the thinly veiled insult that it appears to be.

That would depend if you are in the camp that doesnt understand the importance of the money supply, or not. Note that we dont yet have good figures for what is happening to it, if its shrinking then printing money is a fair solution, as I said.

[dilbert]

Thick as you think I am, I already know money supply is compromised.

I don't really exist as a member of the universal set that is the venn diagram of your mind. Nevertheless, by your reasoning, I'm somewhere on the vertical axis in the vicinity of the "thick members".

I reckon you need some of these, before you can't afford them any more;

Edited by dilbert on Thursday 8th January 18:28

[s2art]

dilbert said:

Thick as you think I am, I already know money supply is compromised.

I don't really exist as a member of the universal set that is the venn diagram of your mind. Nevertheless, by your reasoning, I'm somewhere on the vertical axis in the vicinity of the "thick members".

I reckon you need some of these, before you can't afford them any more;

Edited by dilbert on Thursday 8th January 18:28

Not sure what you mean by 'compromised'. Either the growth or shrinking of the money supply is appropriate or it isnt. Get the monetary conditions wrong and the economy will suffer. Its that simple.

[thinfourth2]

So how are they going to distribute this extra money

A nice little parcel of fresh twenties to all labour voters