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I THINK I'm Rather THICK???
  • Daive521
    Posts: 2,329
    How come if this Government is Hell-Bent on trying to pay back the 'So-Called' deficit, it decides to plough £75bn into the Economy?????????? Beats the object doe it???????

    Surely the answer isn't as simple as printing MORE Money???????
  • sambo applecart
    Posts: 24,200
    printing money causes inflation.....not a good thing really...imo like
  • OldGoldenVision
    Posts: 19,500
    I hope you checked that with T'ickets, sambo!  :-W
  • TKD
    Posts: 1,331
    Daive521 said:

    How come if this Government is Hell-Bent on trying to pay back the 'So-Called' deficit, it decides to plough £75bn into the Economy?????????? Beats the object doe it???????

    Surely the answer isn't as simple as printing MORE Money???????



    I'm 19 and i don't really follow the financial situation thoroughly. but one thing is for sure- there IS  a deficit! Labour spent all the money and went mad when gordon brown came into power. Why? because it kept everyone happy and he didn't want to be the one making all the unpopular cuts because then what chance would he have had in the 2012 elections?
    however injecting 75billion into the economy,I've not been around long enough to know what effect that will have but times aare gloomy like
  • TKD
    Posts: 1,331
    -i meant 2010 it wont let me edit it!
  • BlueJayDee
    Posts: 530
    I think the general idea is that if the banks have more money, that makes it easier for them to lend to us, and at lower rates. This will then "hopefully" enable the public to spend more money helping growth in the economy, and also increasing revenue for the Government via VAT etc

    (I think)
  • sambo applecart
    Posts: 24,200
    TKD said:

    Daive521 said:

    How come if this Government is Hell-Bent on trying to pay back the 'So-Called' deficit, it decides to plough £75bn into the Economy?????????? Beats the object doe it???????

    Surely the answer isn't as simple as printing MORE Money???????



    I'm 19 STONE and i don't really follow the financial situation thoroughly. but one thing is for sure- there IS  a deficit! Labour spent all the money and went mad when gordon brown came into power. Why? because it kept everyone happy and he didn't want to be the one making all the unpopular cuts because then what chance would he have had in the 2012 elections?
    however injecting 75billion into the economy,I've not been around long enough to know what effect that will have but times aare gloomy like

    -----------------






    Is that just your mouth, or you as an actual mass??
  • sambo applecart
    Posts: 24,200
    OldGoldenVision said:

    I hope you checked that with T'ickets, sambo!  :-W


    -----------------




    no mate, no doubt he will be on to put me right though r kidd......
  • TKD
    Posts: 1,331
    sambo applecart said:

    TKD said:

    Daive521 said:

    How come if this Government is Hell-Bent on trying to pay back the 'So-Called' deficit, it decides to plough £75bn into the Economy?????????? Beats the object doe it???????

    Surely the answer isn't as simple as printing MORE Money???????



    I'm 19 STONE and i don't really follow the financial situation thoroughly. but one thing is for sure- there IS  a deficit! Labour spent all the money and went mad when gordon brown came into power. Why? because it kept everyone happy and he didn't want to be the one making all the unpopular cuts because then what chance would he have had in the 2012 elections?
    however injecting 75billion into the economy,I've not been around long enough to know what effect that will have but times aare gloomy like

    -----------------






    Is that just your mouth, or you as an actual mass??



  • OldGoldenVision
    Posts: 19,500
    printing money. Magic. Works for me. Where do I get some??? 
  • sambo applecart
    Posts: 24,200
    OldGoldenVision said:

    printing money. Magic. Works for me. Where do I get some??? 





    Dodgy John round the back of the Library on Eggem High street
  • 1ceablue
    Posts: 3,253
    As was said, it will help recapitalise the banks and give them a healthier balance sheet, so that they will lend to small businesses and the economy grows. I hope it works.......
  • OldGoldenVision
    Posts: 19,500
    But, the banks [dont have appetite/are too scared] to lend 

    subtext - they dont have anyone working for them anymore who has the nouse to make a decision; because theyve been run down by salesmen for the past ten/fifteen years - I'm sure you've been involved in the borrowing game: applications do about 20 circuits of the banks various departments before they land before credit approval and by that time enough doubt has been cast that they say no, or leave it to gather dust!!!
  • Daive521
    Posts: 2,329
    So basically, Banks & the Government are a Law unto themselves???????? Why don't they just put £500Bn in "Happy Days" LLM
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