UK QE continues…

[It’sallbsParticipant]

£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

[BritGHOWParticipant 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.

[It’sallbsParticipant]

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

[It’sallbsParticipant]

BritGHOW wrote:

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

[Anonymous 42]

[It’sallbsParticipant]

http://www.leavemeansleave.eu

[black_knightParticipant 2602]

It’sallbs wrote:

Now what the government dont want is house prices crashing

They can only stall it for so long, surely?

[MonkParticipant 16977]

black_knight wrote:

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.

[Faust For ScienceParticipant 22521]

It’sallbs wrote:

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.

[It’sallbsParticipant]

IT would spark massive unrest in any country.

http://www.leavemeansleave.eu

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