Germans undermine Sterling!!

[Old Greg]

Arthur Gumby! Three of us once dressed up like him and went to a pub quiz.

You dressed up as one of him in a pantomime horse style, or as three of him?

[AtW]

I'll swap you a £5 note for a 20 Euro one.

Just to confirm you'd give 20 euro note for £5 note in return, when exactly do you plan to do that?

[AtW]

Printing money is creating money to directly pay off government debt. Once used, that money is gone.

Govt uses debt to finance current spending - there is budget deficit and it needs to be paid for.

Now if BoE was selling real assets like gold to earn money and then in turn buy Govt gilts then it would not be printing money, but they just create non-existant cash and transfer it directly to Govt bank account in exchange for paper printed by that Govt.

[sasguru]

Just to confirm you'd give 20 euro note for £5 note in return, when exactly do you plan to do that?

Learn English, cretin.
You really are chief of the CUK Village Idiots aren't you?

[AtW]

Learn English, cretin. You really are chief of the CUK Village Idiots aren't you?

So I got you wrong and you've proposed to pay £5 banknote for 20 euros, am I right this time?

[sasguru]

Okay, without using the words, cretin, moron, gurning or village idiot, can please explain the difference between the BoE printing physical notes and QE, if in the case of the physical notes most of them end up in a bank vault and therefore on the balance sheets of big banks?

You can read, albeit barely, can't you?
Why don't you so some homework and find out the difference yourself?
Lazy as well as a moron, not a good combination.

[sasguru]

So I got you wrong and you've proposed to pay £5 banknote for 20 euros, am I right this time?

Is your business doing so badly that you've given up and so are posting bollux on here?

[scooterscot]

He's been torn a new one again!

[sasguru]

He's been torn a new one again!

The CUK Village Idiots, of which you are a prominent member, couldn't tear themselves out of a brown paper bag.
It's like being attacked by a bunch of senile, toothless, old sheep except not as scary.

[BrilloPad]

Learn English, cretin.
You really are chief of the CUK Village Idiots aren't you?

You can read, albeit barely, can't you?
Why don't you so some homework and find out the difference yourself?
Lazy as well as a moron, not a good combination.

Is your business doing so badly that you've given up and so are posting bollux on here?

The CUK Village Idiots, of which you are a prominent member, couldn't tear themselves out of a brown paper bag.
It's like being attacked by a bunch of senile, toothless, old sheep except not as scary.

You are even more grumpy then usual. Everything okay? Upset it is Friday and you might have to spend time with Mrs sas?