Who's piggy bank has this much money.?

[Meece 1,958]

Ok. David Icke is a bit of a lunatic but does he understand this better than most.?  He says money has no value and money doesn't exist.   Is he right.?  I'd like to know where the piggy bank is that has this sort of money to lend out and how does anyone pay it back when only the other year most of the eu countries were on the verge of collapse. Greece was on the point of having no money at all followed by Spain, Portugal and France was in the mud up to the axles also.  This time Poland and Hungary won't agree to the legal ties which they say are... "It is really an institutional, political enslavement, a radical limitation of sovereignty," 

We had ww1 and ww2.  This is like a re run but without a shot being fired.!  Now's the time to for our negotiators to really put the squeeze on the Brexit negotiations in our favour.

EU budget blocked by Hungary and Poland over rule of law issue - https://www.bbc.co.uk/news/world-europe-54964858

Edited November 16, 2020 by Meece

[Nik_B 3,790]

Central banks can print money (electronically) and buy bonds and other assets. The ECB did this for Greece, the Bank of England has done it and the US Federal Reserve has also done it massively this year by 'printing' (creating) at least 6 trillion dollars.

If you really want to understand this there are good videos on George Gammon's youtube channel but it will pickle your head. I've been reading a lot about this over the last couple of years and half the time I feel even more confused that when I started out lol

Or read this and research around the subject

https://www.investopedia.com/terms/q/quantitative-easing.asp

Personally I think it will end in disaster but don't be surprised if our government keeps handing out free money next year.

[Nik_B 3,790]

" The aim of QE is simple: by creating this ‘new’ money, we aim to boost spending and investment in the economy. " - Bank of England

and enrich the wealthiest people leaving our kids to pay for it later?

https://www.bankofengland.co.uk/monetary-policy/quantitative-easing

[mole trapper 1,693]

Was it about five years ago that we finished paying America back for help in ww1, so now we can start paying for ww2?

[Nik_B 3,790]

I was just thinking how to get this explained as simple as humanly possible.

The government needed money to pay for furlough etc this year so the BOE prints X billions of pounds and buys bonds (government debt), now the government has the money to throw around like confetti. I imagine that there aren't many real customers for our 'bonds' since they pay out almost nothing or even you would lose money.

The BOE can also print money and buy assets from banks like mortgage backed securities, this means the banks now have more money to lend out, lowering interest rates and encouraging banks to make it easier for people/companies  to borrow, they say that stimulates the economy but rich people and investment companies can also borrow that cheep money and invest it in the stock market, that has happened in the USA and if you take a peak at their stock market you will see it's at an all time high even after a year where so many companies have done much worse than before the coronavirus.

Does that make any sense?

[Greb147 6,809]

Just now, Nik_B said:

I was just thinking how to get this explained as simple as humanly possible.

The government needed money to pay for furlough etc this year so the BOE prints X billions of pounds and buys bonds (government debt), now the government has the money to throw around like confetti. I imagine that there aren't many real customers for our 'bonds' since they pay out almost nothing or even you would lose money.

The BOE can also print money and buy assets from banks like mortgage backed securities, this means the banks now have more money to lend out, lowering interest rates and encouraging banks to make it easier for people/companies  to borrow, they say that stimulates the economy but rich people and investment companies can also borrow that cheep money and invest it in the stock market, that has happened in the USA and if you take a peak at their stock market you will see it's at an all time high even after a year where so many companies have done much worse than before the coronavirus.

Does that make any sense?

So he made the virus then, Chynna or your man Big Don? 

[Nik_B 3,790]

1 minute ago, Greb147 said:

So he made the virus then, Chynna or your man Big Don? 

I'm not touching that one with a 50ft pole

[Greb147 6,809]

Just now, Nik_B said:

I'm not touching that one with a 50ft pole

A typical conspiracy theorist.

[Meece 1,958]

48 minutes ago, mole trapper said:

Was it about five years ago that we finished paying America back for help in ww1, so now we can start paying for ww2?

The ww1 war dept was cleared 2015 https://www.bbc.co.uk/news/business-30306579

It looks like WE 2 debt was paid off in 2006.  http://news.bbc.co.uk/1/hi/uk/6215847.stm

It is a bit of a surprise that some debts went right back until the 1853 and ONE DEBT was still costing £30 million in INTEREST a YEAR.!!!

QE means getting a felt tip out and the bog roll and writing out a load of £50 notes to take to Tesco. I'll  Even get a biro out and write on these sheets that I promise to pay the bearer on demand the sum of £50 that'll make them realistic.

[Nik_B 3,790]

43 minutes ago, Meece said:

The ww1 war dept was cleared 2015 https://www.bbc.co.uk/news/business-30306579

It looks like WE 2 debt was paid off in 2006.  http://news.bbc.co.uk/1/hi/uk/6215847.stm

It is a bit of a surprise that some debts went right back until the 1853 and ONE DEBT was still costing £30 million in INTEREST a YEAR.!!!

QE means getting a felt tip out and the bog roll and writing out a load of £50 notes to take to Tesco. I'll  Even get a biro out and write on these sheets that I promise to pay the bearer on demand the sum of £50 that'll make them realistic.

If the interest rates were extremely LOW (which they were) why would our government refinance their WW2 debt with a higher rate?

 

[Nik_B 3,790]

I'm starting to think that this is what happens in people's brains when you ask a simple question in 2020

 

[Nik_B 3,790]

4 hours ago, Greb147 said:

A typical conspiracy theorist.

I have no idea if you're kidding or not lol but seriously I've just tried to answer the question and not said anything conspiratorial...it's literally from the horses mouth and no one will ever dispute it. I only mentioned the covid because this is the most recent time that money printing fired up.