why Greece is in big trouble

[Rossi fan]

I cant understand this Quantative easing strategy in the UK. They have just printed another 50 Billion quid and bought debts and bonds or something. I have just worked out that 50 Billion divided by the whole uk population ( 60 milloin) is £16,666 for each man, woman and child. The objective as I understand it is to encourage banks to lend more and at better rates. Wouldnt it be better to give everone 16k and say spend it in the uk, or am I being stupid.

The total of QE to date has been 325 billion. Thats 325 million million pounds. This equates to 88 k for every person in the uk.

Paul

[FlintVending]

I cant understand this Quantative easing strategy in the UK. They have just printed another 50 Billion quid and bought debts and bonds or something. I have just worked out that 50 Billion divided by the whole uk population ( 60 milloin) is £16,666 for each man, woman and child. The objective as I understand it is to encourage banks to lend more and at better rates. Wouldnt it be better to give everone 16k and say spend it in the uk, or am I being stupid.

The total of QE to date has been 325 billion. Thats 325 million million pounds. This equates to 88 k for every person in the uk.

Paul

Staggering Paul.
I am no professor of economics but looking at those figures is VERY depressing.
You have to feel sorry for some of the older people who have worked hard all there life, never had a credit card, and yet watch some of the younger generation get drunk on easy money/ credit and when the **** hits the fan, QE devalues there savings, rates of interest go through the floor and there pensions are raided by the Goverment and the stock market value of any shares they have also plummets.
I know about the above as my Dad is a classic example of this!
He is down around £40K as a result of buying Northen rock and lloyds TSB shares close to there peek.
He was only a carpenter, worked hard all his life and just gets his state pension to live on, all his savings have gone up in smoke!
I will never ever trust our Goverment with money again as it is corrupt, full of waste and couldnt organize a **** up in a Brewery!

Nigel

[Vendingwarehouse]

Hear hear Nigel, true words. Shame about your dad. It's very hard on the old folk.

[chcvending]

It seems every country on the planet owes money ....... who is it owed to ? Is this REAL MONEY backed by gold or the electronically created fake money backed by the birth certificates of our children and grandchildren..... Bankers should just press the reset button and zero all debt for all countries...... its all a con job..... they printed nothing , they create money at the press of a button ( just my opinion :) )

The bit about being backed by birth certs is not fantasy........ all world govts use generational accounting.. just the way it works

[Coin Operated Group]

Its all owed to the Oil Producing Arab states I would say.

[Rossi fan]

It seems every country on the planet owes money ....... who is it owed to ? Is this REAL MONEY backed by gold or the electronically created fake money backed by the birth certificates of our children and grandchildren..... Bankers should just press the reset button and zero all debt for all countries...... its all a con job..... they printed nothing , they create money at the press of a button ( just my opinion :) )

The bit about being backed by birth certs is not fantasy........ all world govts use generational accounting.. just the way it works

I agree, Wipe the slate clean, but somewhere along the way the rich men who took all the money when the economy crashed in 2008 will loose some of that money money. Now we cant have that can we.

Paul

[chcvending]

It seems every country on the planet owes money ....... who is it owed to ? Is this REAL MONEY backed by gold or the electronically created fake money backed by the birth certificates of our children and grandchildren..... Bankers should just press the reset button and zero all debt for all countries...... its all a con job..... they printed nothing , they create money at the press of a button ( just my opinion :) )

The bit about being backed by birth certs is not fantasy........ all world govts use generational accounting.. just the way it works

I agree, Wipe the slate clean, but somewhere along the way the rich men who took all the money when the economy crashed in 2008 will loose some of that money money. Now we cant have that can we.

Paul

The rich men you speak of are really much more than just rich.... they are dangerously powerful.
Just watch how things unfold ...they create a problem then offer a solution and more and more solutions involve the removal of a bit more of our freedoms.
Current problem ... overpopulation........... solution coming soon ... massive depopulation....
getting tense in the middle east at the min but its already been planned.
Pople dont realise they are governed by consent in a democracy... we simple need to withdraw our consent immediately... it can be done through lawful rebellion.... sadly its not vendable........ mmmm could vend the required affidavit templates withdrawing consent eh ?