I'd rather have a bowl of coco pops

[BrilloPad]

Coco bonds: what are they and why have they hit bank shares? - BBC News

The idea that the public will never again be called on to bail out the banks is not only untrue but a dangerous assertion.

[PurpleGorilla]

Its such a load of tulip.

[BrilloPad]

Its such a load of tulip.

But no way of resolving without making the pile bigger.

2008 - issue = too much debt. Solution = add more debt.

As someone said earlier, we need to get rid of the pound. Lets just start again.....

[LondonManc]

But no way of resolving without making the pile bigger.

2008 - issue = too much debt. Solution = add more debt.

As someone said earlier, we need to get rid of the pound. Lets just start again.....

Global currency, outlaw religion.

Let's see what the maniacs hide behind then.

[seanraaron]

Coco bonds: what are they and why have they hit bank shares? - BBC News

The idea that the public will never again be called on to bail out the banks is not only untrue but a dangerous assertion.

Should have let the banks go to the wall in the first place. Iceland did and they recovered...hell if we're not going to make a profit on it, what's the point in shoring them up?

[BrilloPad]

Global currency, outlaw religion.

Let's see what the maniacs hide behind then.

For a global currency what about gold? If not it will require a global government or else you end up like the EURO.

The only problem with gold is that DP will become the richest person on the planet.....

[seanraaron]

Isn't the problem with using precious metals that there isn't enough in the earth to underwrite all the virtual cash out there?

Not to mention which it would likely kill the consumer economy since no one would be able to buy all the toys keeping the rich northern economies ticking over.

[LondonManc]

Which is where cryptocurrencies should be coming in. The problem is that they are completely unregulated and subject to dodgy deals, rather than the poorly regulated dodgy deals that we're used to.

[BrilloPad]

Not to mention which it would likely kill the consumer economy since no one would be able to buy all the toys keeping the rich northern economies ticking over.

They money to buy those toys is being borrowed from the future.

One day the future will want it back.

[PurpleGorilla]

NIRP is not the answer.

QE is not the answer.

Derivatives are not the answer.