Bank governor in 'apocalyptic' warning over rising food prices

[Ashtree]

Says bank who printed quarter of the UKs money in 18 months. What excatly did they expect to happen? Did they go to some crappy Bank Governor school?

But, it’s pointless to argue the wrongs of BOE QE, WITHOUT, explaining the better alternative and the consequences of that better alternative.

The floor is yours…

 

[bobk]

But, it’s pointless to argue the wrongs of BOE QE, WITHOUT, explaining the better alternative and the consequences of that better alternative.

The floor is yours…

Pumping money in to the economy risks inflation , FACT , Labour want to pump more in , fukin clueless .

 

[bobk]

Easily offended but get over it in about 30 seconds if the key to avoiding wokefulness!!

Nah , he's woke , northern and angry , that requires medication .

 

[Devil's advocate]

Easily offended but get over it in about 30 seconds if the key to avoiding wokefulness!!

But I'm woke & proud of it.

I'm not really offended for myself you can insult me all day long, annoyed by selfish behaviour of others. I won't name, names but he knows who he is.

 

[Regenerator1]

She is a she surely?? Not a He??

 

[Courier]

Seems to me like there’s plenty of money floating around, problem is that too much of it is simply squirrelled away in a few thousand offshore accounts giving the account holders many tens of lifetimes worth of spending capability without even denting their ever increasing capital.
Even during Victorian time philanthropy did happen.

 

[DaveGrohl]

But, it’s pointless to argue the wrongs of BOE QE, WITHOUT, explaining the better alternative and the consequences of that better alternative.

The floor is yours…

Well helicopter money for a basic starting point. Literally chucking it out of a helicopter or slightly more sensibly sending a cheque for £2000 say to every adult in the country. Most of it would immediately arrive in the actual economy and move round and round and round creating economic activity through all aspects of life. QE can only ever emerge into the real economy eventually by going through the hands of those (individuals/companies) with vast quantities of money to start with. What it actually does is find its way into assets inflating them massively in the process. Asset inflation is not a good thing. It’s one of the main reasons the world is in the mess it is now.

I’ve seen hundreds of articles explaining why QE is a bad thing, there are quite a few individuals in this world that are a bit more switched on than most of the central bankers that are in charge (who are really only lifelong academics with very little actual experience of business). These individuals have been warning about the problems that central banks‘ responses to 2007/8 created for years. And so here we are now….

 

[Hilly]

Very easily.

Seriously ?

 

[Ashtree]

Pumping money in to the economy risks inflation , FACT , Labour want to pump more in , fukin clueless .

Yes, yes, yes. But back up the horses for one moment. QE causes inflation, that’s a given.
What would your preferred economic response to the pandemic have been, and what would the short and long term result of that response have been?

 

[Hilly]

Yes, yes, yes. But back up the horses for one moment. QE causes inflation, that’s a given.
What would your preferred economic response to the pandemic have been, and what would the short and long term result of that response have been?

Why dose a so called pandemic have to involve qe ?

 

[Ashtree]

Why dose a so called pandemic have to involve qe ?

A so called pandemic….???

 

[Hilly]

A so called pandemic….???

Yes imo its a load sh!t . No doubt yours will differ .

 

[kfpben]

I’m quietly confident the collies and crook are Russian hacker proof…