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rob, Sun 1 Apr 2001, 1:00)
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So we're helping the banks out again by giving them more money.They'll definatly have to lend it to real people though, so that's ok. They promise they will.
www.bbc.co.uk/news/business-18448636
Whats for lunch fatties?
Alt: WHAT ARE YOU DOING THIS WEEKEND?
(, Fri 15 Jun 2012, 12:17, 46 replies, latest was 12 years ago)
I'm going to be watching the England match tonight,I'll be "pressing the red button" so I can enjoy Chris Moyles' commentary.
(, Fri 15 Jun 2012, 12:19, Reply)
I thought it was supposed to be excessive borrowing that caused the recession?Now they are saying that the solution is more borrowing?
Alt: www.b3ta.com/questions/offtopic/post1642469
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tangledupinblue hairy badge with moving eyes, Fri 15 Jun 2012, 12:20,
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According to Robert Peston this morningThe people with good credit are unlikely to want to borrow anything at this unstable time and the people with poor credit, who would want to borrow are unlikely to be able to.
He reckoned that in private the bankers all think it's a load of bollocks.
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tangledupinblue hairy badge with moving eyes, Fri 15 Jun 2012, 12:26,
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Exactly, so I don't see why repeatedly giving more and more money to banks will help.I'd like to see a one off "stimulus package" in PAYE of about £500-600. with a polite request that people buy local things/services.
That way no "scroungers" will get it, very few top earners are on PAYE anyway so it shouldn't help the super rich and it'll give the economy a pretty decent kick.
(, Fri 15 Jun 2012, 12:31, Reply)
It's a nice ideaBut wouldn't all the sensible middle earners stick it in the bank?
Would probably make more sense to give it to the feckless povvos, who would then rush out and spend it on new TVs, etc.
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tangledupinblue hairy badge with moving eyes, Fri 15 Jun 2012, 12:33,
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That seems like an excellent way of increasing the balance of trade deficit(
Light In Chains maker of the ikea sofa, Fri 15 Jun 2012, 12:36,
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But you're fogetting the middlemen and vat recipts.Don't forget the middlemen!
(, Fri 15 Jun 2012, 12:43, Reply)
Which would provide capital for some of the banks which is what the current plan is.(, Fri 15 Jun 2012, 12:43, Reply)
everyone's left me PCi'm suposed to be meeting gf for lunch soon and the whole office is empty
i can't abandon ship, surely?
(, Fri 15 Jun 2012, 12:31, Reply)
well yeah sort of but i don't wanna be walking out leaving the place deserted in case anyone important phones(, Fri 15 Jun 2012, 12:32, Reply)
I'll keep an eye on things for you.(
tangledupinblue hairy badge with moving eyes, Fri 15 Jun 2012, 12:31,
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QUENTIN!THE PHONE'S RINGING!
SHOULD I ANSWER IT?
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tangledupinblue hairy badge with moving eyes, Fri 15 Jun 2012, 13:06,
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Hiding from the excessive amounts of rain coming my wayAnd hassling a buyer for a payment on ebay. I might have to send the boys round in a Honda Accord.
(, Fri 15 Jun 2012, 12:33, Reply)
My dad can't even get to borrow money for the business from his bank when he's got more in the bank than he wants to borrow.And if pensioners have no money then why are they all shopping in M&S on a Friday lunchtime when I go in.
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girlinthehole, Fri 15 Jun 2012, 12:35,
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Paying interest on an unnecessary loan is ludicrous Gaz me his username and I'll give a big and srs chat yeah
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Light In Chains maker of the ikea sofa, Fri 15 Jun 2012, 12:41,
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Not if the money can be used to get a better return than the loan's interest rate.(
Bartleby A dead man on vacation, Fri 15 Jun 2012, 12:43,
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AA's got a hot tip at the momentbound to come in
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Light In Chains maker of the ikea sofa, Fri 15 Jun 2012, 12:47,
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I think after 10 years of successfully running and building up a business, he knows what he's doing.(
girlinthehole, Fri 15 Jun 2012, 12:44,
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SO WHY IS HE EMPLOYING YOU !?!?!(
Light In Chains maker of the ikea sofa, Fri 15 Jun 2012, 12:45,
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BROUGHT TO YOU TODAY BY THE LETTERS K, F AND C(
Light In Chains maker of the ikea sofa, Fri 15 Jun 2012, 12:46,
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He employs you doesn't he?Mindpiss
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Bartleby A dead man on vacation, Fri 15 Jun 2012, 12:45,
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Well if they promise, and it's on the internet, it must be true.Lunch, either cheese omelette, some vegi pasta thing or fish stew. I'm rock and roll, so will probably go for the fish.
Alt, no plans, probably have a drink and watch the cricket. Might check out the cinema, any suggestions? As I say, rock and roll.
(, Fri 15 Jun 2012, 12:41, Reply)
Creating money from thin air=devaluation, surely?seeing as how the number of real assets hasn't changed?
Clearly no-one in govt remembers the 1970s, or Zimbabwe.
(, Fri 15 Jun 2012, 12:46, Reply)
Devaluing money to speed growth is a pretty legitimate economic policy. (, Fri 15 Jun 2012, 12:51, Reply)
Part of the problem is money is not being used.People are saving, rather than spending. Understandable, I'm doing it myself. It needs to be in the market, and moving around, to help the economy. We need a stable economy, with a steady rate of spending and saving.
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Bartleby A dead man on vacation, Fri 15 Jun 2012, 12:53,
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debt is an asset.Money isn't being created out of thin air. QE involves bonds too.
Srsly, read up before you comment on topics you don't understand. You've been here before with the statement re. what constitutes a decent salary, eh FreeFair?
(, Fri 15 Jun 2012, 12:57, Reply)
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