Brown in final gamble: to print money

Brown in final gamble: to print money

Author
Discussion

triggersbroom

2,378 posts

206 months

Wednesday 7th January 2009
quotequote all
10 Pence Short said:
GingerWizard said:
OzzyR1 said:
Christ, this country is utterly fcensored

That moron should be taken out and shot.
yes... yes he should. Where do i cue?
Over a snooker table, normally...
Queue wink





Yes, I forgot the E on the end tongue out

Edited by triggersbroom on Wednesday 7th January 17:44

catso

Original Poster:

14,809 posts

269 months

Wednesday 7th January 2009
quotequote all
village idiot said:
at least it means we can all pay off our mortgages for the cost of a tin of baked beans
But will we be able to afford a tin of baked beans?.....

Scrotum

2,265 posts

216 months

Wednesday 7th January 2009
quotequote all
http://www.teletext.co.uk/news/national/4650b34c91...

'No plan' for 2009 election
Gordon Brown has insisted that a 2009 General Election is the last thing on his mind as he embarked on a regional tour of economically-stricken Britain.

Mr Brown said he is getting out into the country to listen to people's concerns and explain what the Government is going to do next.

He insisted the economy is top of his agenda, adding: "I've got no intention of even thinking about an election."



I wonder if we will get to see any of the genuine feedback he is likely to recieve? hehe

cardigankid

8,849 posts

214 months

Wednesday 7th January 2009
quotequote all
village idiot said:
at least it means we can all pay off our mortgages for the cost of a tin of baked beans
Precisely. However, what you don't want to be on is any kind of variable rate. However, the kind of inflation which we had in the 70's made many businesses run a lot more smoothly because you could always rely on assets appreciating in cash terms, so the investment sdecision is always 'Yes'. To run a strict monetary policy just now is going to beggar us because we are just not productive enough. That's what worries me about the Tories. The present situation has to be dealt with. The downside is that we get into annual pay negotiations, but then we know how to deal with that, and if Gordie uses his fraudulent figures the pay rises will be below the real rate of inflation which is where they need to be in this country. There will however be loads of jobs.

RedLeicester

6,869 posts

247 months

Wednesday 7th January 2009
quotequote all
turbobloke said:
The Chancellor today warned that the recession is "far from through"

roflroflrofl

It's hardly started, what a total wnaker.
This coming from the Caterpillar-eyebrowed monstrosity who said just before Christmas it would be getting better in Q1/09... someone tape record him and then hide it under his pillow on loopback all night.

Oakey

27,620 posts

218 months

Wednesday 7th January 2009
quotequote all
Tony*T3 said:
Oakey said:
Why does printing more money cause silly prices?
Did you not see what happened in Zimbabwe.....?


yes sir that egg will cost you 500 billion.

How much did you say?

650 billion. 660. 670.

Man buys egg:

That's what I meant by 'silly prices', I didn't understand why more money = stupid prices but someone has explained it now. Sort of.

Fittster

20,120 posts

215 months

Wednesday 7th January 2009
quotequote all
Roo. said:
So they print more money and give it to the banks to distribute.

I spot a flaw in their plan there.
Give it to the banks they own and instruct them to distributre it.

Oakey

27,620 posts

218 months

Wednesday 7th January 2009
quotequote all
Scrotum said:
http://www.teletext.co.uk/news/national/4650b34c91...

'No plan' for 2009 election
Gordon Brown has insisted that a 2009 General Election is the last thing on his mind as he embarked on a regional tour of economically-stricken Britain.

Mr Brown said he is getting out into the country to listen to people's concerns and explain what the Government is going to do next.

He insisted the economy is top of his agenda, adding: "I've got no intention of even thinking about an election."



I wonder if we will get to see any of the genuine feedback he is likely to recieve? hehe
Wouldn't it be fking ace if we could all take that attitude towards life?

"I'm sorry Mortgage Co, there's just too much stuff going on, paying you is the last thign on my mind"

"Sigh, sorry boss, work's the last thing on my mind, too busy with other st"

etc, etc

mybrainhurts

90,809 posts

257 months

Wednesday 7th January 2009
quotequote all
Not to worry...

If this goes tits up, Iceland can bail us out...

turbobloke

104,521 posts

262 months

Wednesday 7th January 2009
quotequote all
By this stage just about everybody has said:
We're fooked

Oakey

27,620 posts

218 months

Wednesday 7th January 2009
quotequote all
What's that saying? The goverment are there to serve us, not the other way round or whatever.

Everyone wants an election and Brown is just putting his fingers in his ears going "La la la la la la la la la can't hear you la la la la la"

andy-xr

13,204 posts

206 months

Wednesday 7th January 2009
quotequote all
Just thinking about this off the cuff

Say you have a hypothetical £6k loan over 3 years at a set 8% APR giving a fixed monthly payment of £200 per month (I havent done the figures)

Your £200 after Quantitive Easing is then worth less than it was before. So, either the loan company tell you it's now going to be £500, and change the terms, or everything they have on their books has just turned to st?

Would that be along the right lines?

Scrotum

2,265 posts

216 months

Wednesday 7th January 2009
quotequote all
Oakey said:
Scrotum said:
http://www.teletext.co.uk/news/national/4650b34c91...

'No plan' for 2009 election
Gordon Brown has insisted that a 2009 General Election is the last thing on his mind as he embarked on a regional tour of economically-stricken Britain.

Mr Brown said he is getting out into the country to listen to people's concerns and explain what the Government is going to do next.

He insisted the economy is top of his agenda, adding: "I've got no intention of even thinking about an election."



I wonder if we will get to see any of the genuine feedback he is likely to recieve? hehe
Wouldn't it be fking ace if we could all take that attitude towards life?

"I'm sorry Mortgage Co, there's just too much stuff going on, paying you is the last thign on my mind"

"Sigh, sorry boss, work's the last thing on my mind, too busy with other st"

etc, etc
Wouldnt it just.

The most unpopular PM in history.

Worst financial crisis ever, mainly caused by him.

Electorate screaming for change. Even the BBC in there 'Have your say' section cannot hide this fact from the massive amounts of 'call an election now' comments.

So the PM decides to jump in his Jag and go and speak to people about the hardship they face.

The man is a deluded complete .

Maybe we should con him into a PH meet somewhere and give him a good talking too hehe

Edited by Scrotum on Wednesday 7th January 18:12

mybrainhurts

90,809 posts

257 months

Wednesday 7th January 2009
quotequote all
Scrotum said:
The most unpopular PM in history.
As someone else said...

Looks like a sad face drawn on a scrotum...

Oh...

chris watton

22,477 posts

262 months

Wednesday 7th January 2009
quotequote all
Nothing about it on the main BBC news at six!

Spiritual_Beggar

4,833 posts

196 months

Wednesday 7th January 2009
quotequote all
And on top of all this, it turns out the country's debt is actually 400% of GDV instead of the 37% Gormless Brown said it was.

grumbledoak

31,602 posts

235 months

Wednesday 7th January 2009
quotequote all
This can hardly be a surprise. Quite a few here have been pointing out for months that inflation is the only tool left in the cockspanner's toolkit.

Hold on to your hats! If you can keep your job and pay your mortgage, your house really will be worth more GBP very shortly. As will everything else. Except, of course, your salary.

What a gibbering cockwit.

Orb the Impaler

1,881 posts

192 months

Wednesday 7th January 2009
quotequote all
village idiot said:
at least it means we can all pay off our mortgages for the cost of a tin of baked beans
I was thinking this today. Our mortgage is with IF and we've had another letter today: our interest has dropped again! They may as well just give us the fking house!

It's all a bit convenient really; I'm in between contracts at the moment and Mrs Orb(s) has a very good job, so I don't actually need a job for us to pay all the bills etc. These mortgage drops just give a good cushion.

Back on-topic though - I do feel sorry for old Gordon, even as an ultra-right Thatcherite myself. The bloke is between a rock and a hard place.

Scrotum

2,265 posts

216 months

Wednesday 7th January 2009
quotequote all
mybrainhurts said:
Scrotum said:
The most unpopular PM in history.
As someone else said...

Looks like a sad face drawn on a scrotum...

Oh...
Im not that feckin ugly hehe

Teppic

7,415 posts

259 months

Wednesday 7th January 2009
quotequote all
catso said:
JamesM said:
because its essentially worth less. It all to do with the country's gold reserves and wizardry with numbers
Don't mention Gold reserves, Gordon gave those away for some magic beans. At least, he was told they were magic beans. I'd have thought that the word "Heinz" on the side of the can would be a bit of a giveaway, though...
EFA