Germans undermine Sterling!!

[DimPrawn]

Another one.
How many cretins are there on this forum making a direct equivalence between physically prinitng money and QE?
Sheesh.

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?

[DimPrawn]

Thought as much.

[scooterscot]

Thought as much.

Big time

[pacharan]

You're thick as several large planks nailed together aren't you?

Cock'ed

I can only assume that you maintain a sizeable fleet of sockies that you use to keep your rep so artificially inflated.

[EternalOptimist]

money is a concept. it's an abstact idea. an idea is a notion that exists in yer head. abstract means that it doesnt actually have any physical reality anywhere.

A note is just a physical reminder and proof that the abstract idea took place. It's a means of exchange. its a storeage device for abstraction.

exactly the same as QE.


i think

[Old Greg]

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?

In one case there are big piles of paper with associated printing and storage costs. In the other, there aren't.

Cretin.

[Doggy Styles]

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?

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

QE is creating money to buy government and corporate bonds to encourage corporate lending and thus stimulate the economy. When (if) better times arrive, the bonds can be sold back into the market to get the money back.

That's the theory anyway.

[Doggy Styles]

I think

[TimberWolf]

Money is debt:

Money As Debt-Full Length Documentary - YouTube

[Doggy Styles]

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