Reply to: The pound in your pocket....

[AtW]

Having control of poor people is about the only enjoyment we rich people get.

[scooterscot]

Why couldn't Mervyn just give everyone £1000, rather than just rich people?

Because being rich is about being in power.

Having power is having control.

Having control of poor people is about the only enjoyment we rich people get.

[TimberWolf]

I'd like to amend

Because only idiots buy shares.


to

Because only idiots buy shares when there's no money printing, otherwise extremely savvy people buy them for the QE fuelled boom they create.

Why couldn't Mervyn just give everyone £1000, rather than just rich people?

[DimPrawn]

I'd like to amend

Because only idiots buy shares.


to

Because only idiots buy shares when there's no money printing, otherwise extremely savvy people buy them for the QE fuelled boom they create.

[MarillionFan]

Because only idiots buy shares.

[MarillionFan]

Buy shares in oil explorers and producers?

RRL. You heard it here first.

[Bagpuss]

Who is getting that £75 bln then? Ah I know - banks with tulipy "assets" used at full face value to get real cash, put it into commodity markets and watch banks make 50% of real cash, pay big bonuses and offset corp tax due to losses booked for last couple of years.

Meanwhile everyone else will keep paying £1.50 per liter of fuel.

Not so much Banks because they know they will not pass the money on as easily as buying other assets.

Bank of England | Education | Inflation | Quantitative Easing - How it Works

[scooterscot]

Buy shares in oil explorers and producers?

Tosh. Buy shares in Goldman Sachs (London branch)

[Mich the Tester]

It's not all bad news. The City types will be looking at bumper xmas bonuses.

Are they about to punch each other? I do hope so.

[TimberWolf]

Who is getting that £75 bln then? Ah I know - banks with tulipy "assets" used at full face value to get real cash, put it into commodity markets and watch banks make 50% of real cash, pay big bonuses and offset corp tax due to losses booked for last couple of years.

Meanwhile everyone else will keep paying £1.50 per liter of fuel.

If they hadn't done all this quantitative easing your flat would only be worth a fraction of the current price. Oh, hang on...

[DimPrawn]

Why do you think bankers buy oil futures directly rather than those shares?

Because only idiots buy shares.

[AtW]

Buy shares in oil explorers and producers?

Why do you think bankers buy oil futures directly rather than those shares?

[DimPrawn]

Who is getting that £75 bln then? Ah I know - banks with tulipy "assets" used at full face value to get real cash, put it into commodity markets and watch banks make 50% of real cash, pay big bonuses and offset corp tax due to losses booked for last couple of years.

Meanwhile everyone else will keep paying £1.50 per liter of fuel.

It's not all bad news. The City types will be looking at bumper xmas bonuses.



Can anyone tell the coalition apart from New Liebour?

[The_Equalizer]

Who is getting that £75 bln then? Ah I know - banks with tulipy "assets" used at full face value to get real cash, put it into commodity markets and watch banks make 50% of real cash, pay big bonuses and offset corp tax due to losses booked for last couple of years.

Meanwhile everyone else will keep paying £1.50 per liter of fuel.

Buy shares in oil explorers and producers?

[AtW]

I think there was news about house prices having fallen out today too.

Who is getting that £75 bln then? Ah I know - banks with tulipy "assets" used at full face value to get real cash, put it into commodity markets and watch banks make 50% of real cash, pay big bonuses and offset corp tax due to losses booked for last couple of years.

Meanwhile everyone else will keep paying £1.50 per liter of fuel.