Bank of England to Manifest 75 Billion Pounds for the Economy

[DaftFader]

ok so the bank of england are gonna print 75 billion pounds worth of money that previosly didn't exist and buy bonds with it to try and flood the economy with cash to get us out of resesion ... this scares the shit out of me .. i feel that this could go horable horable wrong and make things ten times worce .. i don't know enoght about economics to give good reasons why .. but i understand this is a last resort and there are probably good reasons why it wasn't tried b4 when resession could of been avoided ... i think one risk is such a jump in our economy that we could get inflation start again strait away .. i can see horible things coming from this .. but then i have no better sugestions ...

[DaftFader]

i just heard that the govenment are doning some complex deal with the bank where the govenment could come out owning upto 70% of the bank instead of the i think 43% they own now .. witch means they will have a hell of alot more controll over the banks than they do now .. wich allso scares the shit out of me .. and when the govenment get things like this in thier favor from bad situations for every one else .. it does make me think that the goventment manifested this resession to some extent or at least certainly pushed us in the right direction knowingly in order for finantial gain or in this case power gain of their own (power leading to finatial gain in the long term in this situation i can see .. normaly they go hand in hand anyway)

[O-D]

Originally posted by DaftFader

i just heard that the govenment are doning some complex deal with the bank where the govenment could come out owning upto 70% of the bank instead of the i think 43% they own now .. witch means they will have a hell of alot more controll over the banks than they do now .. wich allso scares the shit out of me .. and when the govenment get things like this in thier favor from bad situations for every one else .. it does make me think that the goventment manifested this resession to some extent or at least certainly pushed us in the right direction knowingly in order for finantial gain or in this case power gain of their own (power leading to finatial gain in the long term in this situation i can see .. normaly they go hand in hand anyway)

Look close enough into our history somewhere and I'm sure you'll see the same tactics in a similar situation at one time or another. Probably by religious leaders.
If you do, then you'll know what's going to happen before everyone else does.

[DaftFader]

Originally posted by O-D

Look close enough into our history somewhere and I'm sure you'll see the same tactics in a similar situation at one time or another. Probably by religious leaders.
If you do, then you'll know what's going to happen before everyone else does.

na .. it's happened in america and i think japan b4 .. but never in england has anything like this been tried b4 ...

[O-D]

Originally posted by DaftFader

na .. it's happened in america and i think japan b4 .. but never in england has anything like this been tried b4 ...

I don't mean history confined to our island, but worldwide history as you've just (possibly) shown.

[General Lighting]

I can't remember this happening in my lifetime but I do remember revaluations of the pound and at least three recessions. Normally there are a strikes, a few civil disturbances and subsequent clampdowns by the feds whatever happens...

[marcusblanc]

extraordinary times, extraordinary measures, i guess...

Its certainly an amazing day, wheeling out the printing presses and cranking em up to full blast certainly aint the usual tactic. This underlines how bad things have got!

It does mean one thing tho, John Maynard Keynes is back with a vengance, and its nice to see we are backing the ideas of one of our own, rather than some right wing American ideologue...

John Maynard Keynes - Wikipedia, the free encyclopedia

but it also means that the shit really has hit the fan. Bowl of gruel anyone?

More on printing money...

Quantitative easing - Wikipedia, the free encyclopedia

[GiantMidget]

Originally posted by marcusblanc

Bowl of gruel anyone?

I love gruel.

[Holeydel]

Have any of you guys catched the docufilm 'zeitgeist The Movie?' I watched it last night on utube after recommendation as got to say it was brilliant.

It does a bit on Christianity, 9/11 but also how banks pretty much influence the world. This investment being pumped into the economy pretty much echo's what has happened in America time and time over to the advantages of the bankers. Check it out with an open mind, it certainly challenged my views on issues.

[rumpus rhythm]

Well i've still got hold of my job when everyone around is losing theirs.
Saying its not good times at the mo is an understatement.

This recession has come on drastically and at speed in comparison to previous downturns so drastic measures are required.

One of the key problem is banks not lending and squeezing credit which has been highlighted in the media mainly on car manufacturers even though most sectors are having problems

the reason for creating extra money is to encourage lending by the banks but the risk is that the banks will keep onto this money to improve their disgracefully mismanaged balance books.

I don't now if anyone saw that banker saying that he still deserved his bonus as he had achived his targets despite the fact that their business model is so warped that they ruined and disrupted the lives of millions. It shows how out of touch they are..bastards

On a more serious note has anyone read "The Vanishing Face of Gaia - A Final Warning" by James Lovelock? I'm half way through and trembling in my boots!