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Henry

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1 hour ago, manboobs109 said:

I researched this, started a thread on it actually. Its mental. Banks just create it from nothing. If your bank gives you a mortgage it just credits the money to your account on a computer, creates it from nothing. The Government lets the Bank of England create money, borrows it from them, then pays them interest and repays it and then it doesn't exist anymore. Mental. 

Oh Christ here we go again. Off down the rabbit hole. 

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Guest milne_afc
1 minute ago, maryhilldon said:

Is it?  How come? 

Manipulating markets n shit, innit.

Was hearing from a supplier the other day, a 40ft shipping container that used to cost $2000 from Chink to UK is now $10k.

Also, read months ago how the Chinks took control of some of world’s biggest corpos during the early part of the economic downturn. Technical shit.

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In a simplistic sense quantitative easing is Govts essentially printing money. Similar to what manboobs said. Bit more complex in that it’s done through issuing govt bonds rather than actually just printing loads of notes. These bonds are then bought by central banks etc and we taxpayers pay the interest. 
rates are historically cheap just now which is why it isn’t a massive problem us taking on all this extra debt with furlough etc. Still a problem though as country’s credit rating can get affected meaning higher int rates (think Greece) and more of the country’s revenue goes on servicing the debt instead of nice things like repairing the queen’s palaces and nuclear weapons. 

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22 minutes ago, elephantstone78 said:

In a simplistic sense quantitative easing is Govts essentially printing money. Similar to what manboobs said. Bit more complex in that it’s done through issuing govt bonds rather than actually just printing loads of notes. These bonds are then bought by central banks etc and we taxpayers pay the interest. 
rates are historically cheap just now which is why it isn’t a massive problem us taking on all this extra debt with furlough etc. Still a problem though as country’s credit rating can get affected meaning higher int rates (think Greece) and more of the country’s revenue goes on servicing the debt instead of nice things like repairing the queen’s palaces and nuclear weapons. 

They don't just issue bonds though, or buy historic ones back, they buy them using money they create, charge interest on them, and get paid back after which the money they created ceases to exist. Mental really. 

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5 hours ago, milne_afc said:

Manipulating markets n shit, innit.

Was hearing from a supplier the other day, a 40ft shipping container that used to cost $2000 from Chink to UK is now $10k.

Also, read months ago how the Chinks took control of some of world’s biggest corpos during the early part of the economic downturn. Technical shit.

I work logistics, every covid prevention thing is Chinese made, test kits from Wuhan, snoods at 15 quid a pop Chinese, just everything. I'm not cynical but they're a huge Country with living conditions we'd consider poverty. I'm not into conspiracy stuff but if they were so great how could they not have just circled Wuhan and not let it spread, track and shoot anyone who had been there and left.  

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11 minutes ago, Zeus said:

?

 

Sounds legit.

 

"A 43-year-old woman from New York lost a tooth this month after noticing it had been wobbly.

 

Farah Khemili had suffered with Covid-19 in the spring, although it is not clear if she was formally diagnosed."

 

 

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