Qe the Liquidity trap and why contractors will pay more in tax

[motoukenin]

When QE was first broadcast as a solution to fix the crashed economy my first thought was printing money , really, won't that just lead to hyper inflation?

But when you actually get down to understanding QE the fact is its that just the BOE giving the Government and other Banks a massive overdraft facility that we the tax payer will need to pay back, then you begin to see the con.

The reason UK gov wants everyone to have a pension is because with all that printed money sloshing around in the system and just lowering interest rates why would a pension fund buy government bonds?
another con to keep the interest rates on govt borrowing low at the expense of everyones pension.

Also the so called liquidity trap where this printed money is hanging around banks because there is no appetite to borrow it, also a con, when you realise that most of the money they printed was borrowed to the government and given to banks to pay off the massive debts they had after the crash and for the wealthy to buy assets.

So there you have it , QE a massive 400 billion overdraft that you and your kids will be paying back for years to come, borrowed to the govt , paid off greedy bankers debts and paid for wealthy people to buy assets , no wonder Philip Hammond is brining in taxes for contractors in the private sector he now has to start paying the QE er sorry OD back.

[_V_]

Bloody brexiters, causing the global economy to crash 10 years ago, and making Japan, USA, UK and Europe turn to QE....

[motoukenin]

Bloody brexiters, causing the global economy to crash 10 years ago, and making Japan, USA, UK and Europe turn to QE....

Brexit was the result bankers were not banking on

[woohoo]

When QE was first broadcast as a solution to fix the crashed economy my first thought was printing money , really, won't that just lead to hyper inflation?

But when you actually get down to understanding QE the fact is its that just the BOE giving the Government and other Banks a massive overdraft facility that we the tax payer will need to pay back, then you begin to see the con.

The reason UK gov wants everyone to have a pension is because with all that printed money sloshing around in the system and just lowering interest rates why would a pension fund buy government bonds?
another con to keep the interest rates on govt borrowing low at the expense of everyones pension.

Also the so called liquidity trap where this printed money is hanging around banks because there is no appetite to borrow it, also a con, when you realise that most of the money they printed was borrowed to the government and given to banks to pay off the massive debts they had after the crash and for the wealthy to buy assets.

So there you have it , QE a massive 400 billion overdraft that you and your kids will be paying back for years to come, borrowed to the govt , paid off greedy bankers debts and paid for wealthy people to buy assets , no wonder Philip Hammond is brining in taxes for contractors in the private sector he now has to start paying the QE er sorry OD back.

Money is a big con, where we all have to believe in the value of it to work. The plan is to keep the con going until all labour can be replaced by robots. Then the population will be told that an asteroid is on the way and to get off the planet.

All the poor slobs will then ship off to some god forsaken world where tiny midges attack you 24 hours a day.

You heard it here first.

[Whorty]

Money is a big con, where we all have to believe in the value of it to work. The plan is to keep the con going until all labour can be replaced by robots. Then the population will be told that an asteroid is on the way and to get off the planet.

All the poor slobs will then ship off to some god forsaken world where tiny midges attack you 24 hours a day.

You heard it here first.

What, you mean Scotland?

[Hobosapien]

Money is a big con, where we all have to believe in the value of it to work. The plan is to keep the con going until all labour can be replaced by robots. Then the population will be told that an asteroid is on the way and to get off the planet.

All the poor slobs will then ship off to some god forsaken world where tiny midges attack you 24 hours a day.

You heard it here first.

More likely the 1% (those that Virgin Galactic and SpaceX space tourism are targeting) will go and stay on a space station or moon colony while they unleash a deadly virus to wipe out the rest of humans on Earth. Then they'll come back and start the master race for the privileged. Robots will be the working class so no need for troublesome plebs in their new world order.

Why else would the governments of the world be so inept at solving humanity's problems, typified by the absolute shambles that is brexit (to keep on topic in this sub forum ). Answer: they don't want to.

So, how long do we have to break into that 1%? Contractors are typically already in the 5%, so must try harder.

[woohoo]

What, you mean Scotland?

I'm pretty certain it will be renamed New Scotland. The Scottish people living there will still have a chip on their shoulder and complain about the English constantly. Even though the English long ago transcended into ethereal beings post Brexit. The English being like gods to the Scottish people will give them their own currency and government so they can pretend they are a proper Scandinavian country. Finally, the Scottish will shout FREEDOM and piss their kilts.

[woohoo]

More likely the 1% (those that Virgin Galactic and SpaceX space tourism are targeting) will go and stay on a space station or moon colony while they unleash a deadly virus to wipe out the rest of humans on Earth. Then they'll come back and start the master race for the privileged. Robots will be the working class so no need for troublesome plebs in their new world order.

Why else would the governments of the world be so inept at solving humanity's problems, typified by the absolute shambles that is brexit (to keep on topic in this sub forum ). Answer: they don't want to.

So, how long do we have to break into that 1%? Contractors are typically already in the 5%, so must try harder.

If you have ever read any of the silo books https://en.wikipedia.org/wiki/Silo_(series) then it's quite easy to imagine this kind of future. I think the only hope is if AI happens and actually raises out of mud. Obviously, an all knowing AI would have voted for Brexit, which will make some of you unhappy.

[NotAllThere]

...when you realise that most of the money they printed was borrowed to the government...

Really?

[Dark Black]

If you have ever read any of the silo books https://en.wikipedia.org/wiki/Silo_(series) then it's quite easy to imagine this kind of future. I think the only hope is if AI happens and actually raises out of mud. Obviously, an all knowing AI would have voted for Brexit, which will make some of you unhappy.

Silo books were excellent - you can see it happening.