Your Govt in action.
04 October 2011, 05:51 PM
#1
Scooby Regular
Thread Starter
Join Date: Oct 2003
Location: Runway two seven right.
Posts: 6,652
Likes: 0
Received 0 Likes
on
0 Posts
Your Govt in action.
Credit Easing. The buzzword from George Osborne's speech on Monday.
Here is the Treasury Minister responsible for Credit Easing explaining how it will work.
http://www.youtube.com/watch?v=XUEK_21iWmc&feature=player_embedded#!
God help us all.
Here is the Treasury Minister responsible for Credit Easing explaining how it will work.
http://www.youtube.com/watch?v=XUEK_21iWmc&feature=player_embedded#!
God help us all.
04 October 2011, 07:09 PM
#2
Scooby Senior
Join Date: Jun 2006
Location: RIP - Tam the bam & Andy the Jock
Posts: 14,333
Likes: 0
Received 0 Likes
on
0 Posts
WTF - that's proper funny 
Issue bonds.... issue gilts ..... channel to small and medium businesses, create NEW channels to access liquidity, we'll be buying bonds, no selling them... no wait, we're underwriting so businesses can borrow money... you'll need to pay for the underwriting, no wait... anyway these bonds...
Issue bonds.... issue gilts ..... channel to small and medium businesses, create NEW channels to access liquidity, we'll be buying bonds, no selling them... no wait, we're underwriting so businesses can borrow money... you'll need to pay for the underwriting, no wait... anyway these bonds...
05 October 2011, 08:42 AM
#6
Scooby Regular
iTrader: (9)
Join Date: Mar 2004
Location: .
Posts: 20,035
Likes: 0
Received 0 Likes
on
0 Posts
And to compound that we clearly have a governemnt in power who have zero understanding of the economy and how it works as is amply demonstarted by the clip in this thread and every time that retard Osborne opens his mouth.
Never mind, we have Ed ***** to come along and save us soon.... LOL! We're f**ked!!!
05 October 2011, 08:46 AM
#7
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
Sorry but this simply isn't the case, unless you can give me examples that i might have overlooked?
Trending Topics
05 October 2011, 08:51 AM
#8
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
But good news for all the banker-haters, and i know there are lots of them. I conservatively forecast that within 2 years, about 100,000 people will lose their jobs from the City. Approximately one in three. So something for all the blame mongers to celebrate.
05 October 2011, 08:56 AM
#9
Scooby Regular
See how reluctant she is to just say "we're lending to small businesses"!? Or are they just guaranteeing bank loans to small businesses? 
Either way, sounds like a nightmare waiting to happen.
Either way, sounds like a nightmare waiting to happen.
05 October 2011, 09:25 AM
#10
Guest
Posts: n/a
The reason is simply because they're scared they won't get their money back. Banks aren't even lending to each other just in case they're not here tomorrow to repay the loan, it's that skittish at the moment. The Government, however, don't have that risk, not unless you go the full armageddon route. So the plan makes sense, it's just nationalisation of the banking system by any other name.
But good news for all the banker-haters, and i know there are lots of them. I conservatively forecast that within 2 years, about 100,000 people will lose their jobs from the City. Approximately one in three. So something for all the blame mongers to celebrate.
But good news for all the banker-haters, and i know there are lots of them. I conservatively forecast that within 2 years, about 100,000 people will lose their jobs from the City. Approximately one in three. So something for all the blame mongers to celebrate.
Apart from that, brill idea. Way to go Georgie boy ....
Dave
05 October 2011, 09:49 AM
#11
Scooby Regular
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes
on
0 Posts
The reason is simply because they're scared they won't get their money back. Banks aren't even lending to each other just in case they're not here tomorrow to repay the loan, it's that skittish at the moment. The Government, however, don't have that risk, not unless you go the full armageddon route. So the plan makes sense, it's just nationalisation of the banking system by any other name.
But good news for all the banker-haters, and i know there are lots of them. I conservatively forecast that within 2 years, about 100,000 people will lose their jobs from the City. Approximately one in three. So something for all the blame mongers to celebrate.
But good news for all the banker-haters, and i know there are lots of them. I conservatively forecast that within 2 years, about 100,000 people will lose their jobs from the City. Approximately one in three. So something for all the blame mongers to celebrate.
How the **** did the banking/financial system FAIL so badly?!
05 October 2011, 09:56 AM
#14
Scooby Regular
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes
on
0 Posts
I was after a couple of sentences not a book. Any financial expert could write a book, but to distill it to essentials, to get perspective away from jargon etc...I've not seen that done properly.
05 October 2011, 10:04 AM
#15
Scooby Regular
Well it's obvious, isn't it? If you deviate from prudent practice of the accumulation of capital and sound business, and try and deny the need for pain for political reasons, the result is inevitable. Emotionally (politically) you want to do one thing, and logically you really need to do another. When a system is being run well, logic and reason rules. When it begins to be undermined, it is emotion ruling it. The media and the modern 'liberals' are full of emotion, but pretty short on the other side of things. Hence we have a dysfunctional system.
05 October 2011, 10:35 AM
#16
Guest
Posts: n/a
The best summing up I've seen ... http://www.thedailymash.co.uk/politi...-201110044379/ ...
Osborne's offer of credit to thousands of small businesses will make Britain the first conservative-led communist state when the loans are inevitably defaulted and the government ends up owning and running everything.
Dave
Last edited by hutton_d; 05 October 2011 at 10:36 AM.
06 October 2011, 05:40 PM
#18
Scooby Regular
Thread Starter
Join Date: Oct 2003
Location: Runway two seven right.
Posts: 6,652
Likes: 0
Received 0 Likes
on
0 Posts
Another £75 billion printed today. £v$ at it's lowest since July 2010. Prepare for another 5p a litre on petrol folks, and at least another 0.5% on inflation. You just all got poorer today.
06 October 2011, 06:12 PM
#19
the way i see this is dumber than dumber , loan money to people/buisness that the banks don't want to , why ? because as the law stands they can go bust on friday (volantary liquidation) and start up again on monday owing no one nothing , one of my ex customers did this a while ago . owed me 3grand and loads of other people lots more , including taxman (400,000quid) vat man 250,000 quid all writen off start again monday , jd on here knows who i mean he was unlucky enough to work for the bloke and it cost jd his house ,
Thread
Thread Starter
Forum
Replies
Last Post