Bank governor in 'apocalyptic' warning over rising food prices

Ashtree

Member
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

Member
Location
stafford
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 .
 

DaveGrohl

Member
Location
Cumbria
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….
 
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Ashtree

Member
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?
 

kfpben

Member
Location
Mid Hampshire
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I’m quietly confident the collies and crook are Russian hacker proof…
 

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HSENI names new farm safety champions

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Written by William Kellett from Agriland

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The Health and Safety Executive for Northern Ireland (HSENI) alongside the Farm Safety Partnership (FSP), has named new farm safety champions and commended the outstanding work on farm safety that has been carried out in the farming community in the last 20 years.

Two of these champions are Malcom Downey, retired principal inspector for the Agri/Food team in HSENI and Harry Sinclair, current chair of the Farm Safety Partnership and former president of the Ulster Farmers’ Union (UFU).

Improving farm safety is the key aim of HSENI’s and the FSP’s work and...
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