UK QE continues…

Topic by It'sallbs

It'sallbs

Home Forums Money UK QE continues…

This topic contains 9 replies, has 6 voices, and was last updated by It'sallbs  It’sallbs 1 year, 7 months ago.

Viewing 10 posts - 1 through 10 (of 10 total)
  • Author
    Posts
  • #835060
    +3
    It'sallbs
    It’sallbs
    Participant

    £458 billion so far and the programme of Quantitative easing continues along side historically low interest rates that are about to start going up

    hahahahahaha

    You couldn’t fcuking make it up.

    Stock you cupboards with tins of beans the end is near.

    Because you know the other thing they do when an economy is failing …

    They legally” sieze private assets.

    Meanwhile most pensions schemes are practically insolvent.

    The cnts in power are using QE as a way to prop themselves up -Thatcher used to say there is no such thing as society-these cnts call it austerity.

    In reality UK national debt is tiny compared to debt over history.

    It’sall bull s~~~ fokes -all of it.

    Have a great day.

    http://www.leavemeansleave.eu

    #835099
    +1
    BritGHOW
    BritGHOW
    Participant
    2566

    If I remember correctly the latest estimates for total UK debt is in the range of £2Tn, about £70,000 for every taxpayer in the country.

    It’s at the point where we as a country spend more a year on debt interest than on defence, yet we still manage to borrow 13.4Bn a year to give away to corrupt 3rd world s~~~hole dictators and countries that have their own space programs while there are still those that want to continue shovelling £20Bn a year into the black hole of the EU budget.

    Without a clean sweep of Westminster and a root and branch structural reform of the national budget and infrastructure this problem is going to continue long after I am dust, that said is it really my problem? for now I’m able to operate on my own terms, I’ve got my skills, qualifications and experience, if the worst comes I will simply join brain drain 2 and wash my hands of the place.

    #835101
    It'sallbs
    It’sallbs
    Participant

    You are correct in what your saying.

    Let me elaborate on my first post.

    I believe what the govrenment are doing is using QE (which is always despearte measure and should only really be used short term) to keep asset prices artificially high.

    QE usualy results in a devalued currency therefor helping exports the flip side of which is inflation due to higher cost of imported goods.

    Now of course it also provides an excuse for the austerity we have endured.

    At the end of q1/18 the debt was about £1.8 trillion

    Now what the government dont want is house prices crashing as it would result in them losing the next election.

    So govrenment uses QE keeps asset prices a high at tax payers expense to prop themselevs up rather than the economy.

    http://www.leavemeansleave.eu

    #835104
    It'sallbs
    It’sallbs
    Participant

    manage to borrow 13.4Bn a year to give away to corrupt 3r

    Don’t forget the £1billion Maybot gave to the DUP to keep herself in power.

    http://www.leavemeansleave.eu

    #835141
    +1

    Anonymous
    42

    #835225
    It'sallbs
    It’sallbs
    Participant

    http://www.leavemeansleave.eu

    #835272
    +1
    Black_knight
    black_knight
    Participant
    2602

    Now what the government dont want is house prices crashing

    They can only stall it for so long, surely?

    #835338
    +1
    Monk
    Monk
    Participant
    16977

    They can only stall it for so long, surely?

    Politicians think in the short term – line their pockets and move on. The elite (for whom the politicians are fronting), take the long view.

    #835339
    Faust For Science
    Faust For Science
    Participant
    22521

    They legally” sieze private assets.

    Meanwhile most pensions schemes are practically insolvent.

    The only reason Obama did not seize pensions in the U.S. was that doing so would likely spark a tax revolt.

    #835356
    +1
    It'sallbs
    It’sallbs
    Participant

    IT would spark massive unrest in any country.

    http://www.leavemeansleave.eu

Viewing 10 posts - 1 through 10 (of 10 total)

You must be logged in to reply to this topic.