"We can't afford another stimulus package" Mervyn King
Discussion
BiggusLaddus said:
chris watton said:
MX-Si said:
What a speech! Wonder if it will appear on the news channels....All that was missing from the speech was taking the opportunity to throw the Cown's own words back at him, those about weak currency, weak economy, weak government. Amazing to think Brown could be right about anything, but at least he was right about the context of his own demise. All is not lost!
now we know what happens when Labour get into to power for 3 terms in a row(never happened before so the results were unknown) now we know
whwnever Labour come into power they totally screw everything, with their basic policies of spend spend spend, control control control
they only get into power becuse people needed a change and Tory's had become a little drunk on their power and were becoming a tad corrupt but Labour have never had the faintest clue (and never will) about how to run a country
I didn't vote for them then and will not now, none of us voted for that creepy man who has destroyed our country
not a huge fan of Cameron but frankly (and it has got to this point) anyone other than unelected Brown, like his predeccessor he is a dangerous meglomaniac, if he stays in for much longer he will have to change his first name to Adolf
whwnever Labour come into power they totally screw everything, with their basic policies of spend spend spend, control control control
they only get into power becuse people needed a change and Tory's had become a little drunk on their power and were becoming a tad corrupt but Labour have never had the faintest clue (and never will) about how to run a country
I didn't vote for them then and will not now, none of us voted for that creepy man who has destroyed our country
not a huge fan of Cameron but frankly (and it has got to this point) anyone other than unelected Brown, like his predeccessor he is a dangerous meglomaniac, if he stays in for much longer he will have to change his first name to Adolf
turbobloke said:
BiggusLaddus said:
chris watton said:
MX-Si said:
What a speech! Wonder if it will appear on the news channels....All that was missing from the speech was taking the opportunity to throw the Cown's own words back at him, those about weak currency, weak economy, weak government. Amazing to think Brown could be right about anything, but at least he was right about the context of his own demise. All is not lost!
And this morning’s headlines – Government to spy on Face Book friends, in case there’s any dissidents on there!
I don’t know about 1984, the film Idiocracy seems more apt!
dirty boy said:
Fittster said:
dirty boy said:
Quick question.
If you were to put your money abroad, where would you put it?
What countries are in good shape?
Norway.If you were to put your money abroad, where would you put it?
What countries are in good shape?
it's raining, and we don't even have a soggy newspaper to shield us from it.
dirty boy said:
Fittster said:
dirty boy said:
Quick question.
If you were to put your money abroad, where would you put it?
What countries are in good shape?
Norway.If you were to put your money abroad, where would you put it?
What countries are in good shape?
“The world is in total flux and, as such, we have released our new interim forecasts for the global economy today. Based on these numbers, which make depressing reading, we look at who comes out the best amongst the G10. We give all the variables an equal weight. We could have quite easily given CDS spreads a higher weight, which we believe is a key driver of the FX market at the present time, but even with equal weights the answer is still the same – Norway wins hands down. In addition, the JPY and the CHF are both losing their safe haven status and the best safe haven currency is the NOK. The NOK is our preferred G10 currency where we expect a sustained appreciation over the next 18 months.”
http://www.dailyreckoning.com/norwegian-krone-is-n...
turbobloke said:
BiggusLaddus said:
chris watton said:
MX-Si said:
What a speech! Wonder if it will appear on the news channels....All that was missing from the speech was taking the opportunity to throw the Cown's own words back at him, those about weak currency, weak economy, weak government. Amazing to think Brown could be right about anything, but at least he was right about the context of his own demise. All is not lost!
great speech, shame it didn't get more air time.
Daily Mash said:
THERE'S NO MORE MONEY, SAYS MAN WHO PRINTS ALL THE MONEY
BRITAIN has run out of money, the man who prints it said last night.
Bank of England governor Mervyn King urged everyone to take his word for it and that if they didn't believe him he could show them the big room where he keeps it all.
Mr King's comments have put him on a collision course with prime minister Gordon Brown who last night insisted the Great Money Forest of Hampshire would soon be in bloom, promising a bumper harvest of ripe, crisp tenners.
But Mr King told a committee of MPs yesterday: "If anyone is still inclined to agree with the prime minister's magical Hampshire forest theory, I would advise you to open your wallet, get out a ten pound note and read it.
"You will notice that across the top, in large, capital letters, it says 'Bank of England'. Well, I'm the boss of that.
"And if I can draw your attention to the bottom left hand corner, you will see that it's signed by someone called the 'Chief Cashier'. That's right, you've guessed it, he works for me.
"If you then turn it over you will see there is also a portrait of the eminent scientist Charles Darwin, who, if he was alive today, would undoubtedly agree with my assessment, what with him not being a complete bloody idiot."
Mr King added: "I might be persuaded to print a little bit more money later in the year so that RBS can give Sir Fred Goodwin enough cash to finally buy his own volcano, but that is absolutely it."
A Downing Street spokesman said: "Everyone in the world agrees with the prime minister that we need to keep spending loads more money - except the Conservatives. And the Bank of England. And the CBI. And the French and the Germans and the European Central bank. Look just f
k off, alright?"
BRITAIN has run out of money, the man who prints it said last night.
Bank of England governor Mervyn King urged everyone to take his word for it and that if they didn't believe him he could show them the big room where he keeps it all.
Mr King's comments have put him on a collision course with prime minister Gordon Brown who last night insisted the Great Money Forest of Hampshire would soon be in bloom, promising a bumper harvest of ripe, crisp tenners.
But Mr King told a committee of MPs yesterday: "If anyone is still inclined to agree with the prime minister's magical Hampshire forest theory, I would advise you to open your wallet, get out a ten pound note and read it.
"You will notice that across the top, in large, capital letters, it says 'Bank of England'. Well, I'm the boss of that.
"And if I can draw your attention to the bottom left hand corner, you will see that it's signed by someone called the 'Chief Cashier'. That's right, you've guessed it, he works for me.
"If you then turn it over you will see there is also a portrait of the eminent scientist Charles Darwin, who, if he was alive today, would undoubtedly agree with my assessment, what with him not being a complete bloody idiot."
Mr King added: "I might be persuaded to print a little bit more money later in the year so that RBS can give Sir Fred Goodwin enough cash to finally buy his own volcano, but that is absolutely it."
A Downing Street spokesman said: "Everyone in the world agrees with the prime minister that we need to keep spending loads more money - except the Conservatives. And the Bank of England. And the CBI. And the French and the Germans and the European Central bank. Look just f
k off, alright?" Fittster said:
ShadownINja said:
Personally, I don't blame the government for the initial problem. I think Clown's approach of "don't do nothing" is idiotic if the "something" is doing more of what got us in this mess in the first place - borrowing money. I knew it wouldn't work. It's obvious.
As they say, if you always do what you've done, you'll always get what you've got.
And where did all the money come from to lend to all the borrowers?As they say, if you always do what you've done, you'll always get what you've got.
Edited by ShadownINja on Tuesday 24th March 23:26
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff