I know it's been asked previously, but why not print a load of money?
it reduces the value of the pound, Robert Mugabe did the same thing in Zimabwe, and now you'd be a zimbabwean millionaire with about a quid!
UK double dip recession inevitable
- Thread starter gothic_hobbit
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it reduces the value of the pound, Robert Mugabe did the same thing in Zimabwe, and now you'd be a zimbabwean millionaire with about a quid!
I'd back a big portion of that actually.
I still don't understand, surely it's just a figure? Why would the value need to be dropped
Simply put, the more pounds there are the less they are worth.
It's like diamonds. If every beach in the world was covered in diamonds they'd be worthless. It's the rarity that dictates the price.
Soooo...Whats the point in getting out of debt then if the mroe money we have makes us less worthless?
Soooo...Whats the point in getting out of debt then if the mroe money we have makes us less worthless?
You're confusing the money an individual/group has with the total money supply.
Having a greater proportion of the same money supply is not the same as having the same amount of money as a smaller proportion of the money supply
Sadly this is true but has been for decades...
It's all numbers and the world has to agree to start again but they'd be more likely to start a war than to do that. Look at Europe even we cannot agree among so called member states what chance do we have of convincing the rest of the world that the way forward is to write off the 00000000000s at the end.
Yellow jump suits? Taking money from those who need it to those who don't?
Wow. Thank god you're not running our country!
Well actually, I meant that more has his expressing his opinions and ideas but if you want to look at the nitty gritty detail which I may or may not agree with:
Yellow Jump Suits Idea - Do you agree with the fact that people who are not working and claim benefits, who do not have a disability, have the right to reject job offers because 'they can't be bothered'?
In his statement he said he would actually give those involved 12 months before they were forced into work which may help the community / government. Yes this work may not be the most desired work and maybe not necessarily jumpsuits in this example but you follow his idea.
Prisoners - Are you disagreeing that prisoners should not repay back there debt to society with work and should be given the luxuries which some prisoners enjoy - E.g. Playstations & TV's? The jumpsuit theory applies here really.
As for the final two sentences, they aren't as easy
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Well actually, I meant that more has his expressing his opinions and ideas but if you want to look at the nitty gritty detail which I may or may not agree with:
Yellow Jump Suits Idea - Do you agree with the fact that people who are not working and claim benefits, who do not have a disability, have the right to reject job offers because 'they can't be bothered'?
In his statement he said he would actually give those involved 12 months before they were forced into work which may help the community / government. Yes this work may not be the most desired work and maybe not necessarily jumpsuits in this example but you follow his idea.
Prisoners - Are you disagreeing that prisoners should not repay back there debt to society with work and should be given the luxuries which some prisoners enjoy - E.g. Playstations & TV's? The jumpsuit theory applies here really.
As for the final two sentences, they aren't as easy
I agree with all that. I don't agree that jumpsuits would help.
In total honesty a total debt wipe is not the worst idea imaginable.
Firstly plans would need to stabilise the individual economies of the world (ensure that spending is LESS than the tax income - excluding debt).
While it would cause many significant problems, leaving the current system to continue on to an inevitable crash & burn is a worse choice.
Besides, it's not like it's going to get any better on it's own - the problems are systemic.
Soldato
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Not sure I trully believe that it's a double-dip as the intervening growth figures were marginal at best. Desperate to prove that we were recovering when we were probably holding steady (no mean feat given the situation) we're now struck with a self fulfilling secondary dip.
And I love the way this is all the fault of the banks. How were they responsible for a structural deficit in almost all european economies? Our previous government artificially sustained a boom by supressing interest rates and encouraging us all to accumulate debt, then broke its own golden rule of only borrowing to invest in order to sustain the image of solvency in public spending. This was evident in 2006/07.
Now the public sector is striking in support of an unsustainable pension scheme and structural spending reviews (somehow also the fault of the banks) and the private sector is struggling under tighter credit conditions (which is largely some bank's fault) yet you don't hear them whining wanting something for nothing.
And I love the way this is all the fault of the banks. How were they responsible for a structural deficit in almost all european economies? Our previous government artificially sustained a boom by supressing interest rates and encouraging us all to accumulate debt, then broke its own golden rule of only borrowing to invest in order to sustain the image of solvency in public spending. This was evident in 2006/07.
Now the public sector is striking in support of an unsustainable pension scheme and structural spending reviews (somehow also the fault of the banks) and the private sector is struggling under tighter credit conditions (which is largely some bank's fault) yet you don't hear them whining wanting something for nothing.
i believe the problem is a psychological one with the way a lot of residents are feeling which is a bitter feeling.
throw enough stories of energy companies making record profits, yet consumer bills go up, at people and it reflects in their spending attitude. but this is linked to rises in oil prices, right? people are aware of the rise in oil price, they're getting crippled by them at the petrol pumps.
bring the banks bail out and bonuses into it and this brings a bad feeling towards spending and a case of 'this isn't fair'. i'm not personally one for bashing the bankers continually but i can understand why people do.
top this off with high unemployment rates and high immigration a 20% VAT rate, mp's expenses and fraudelent benefit claims and this also sinks in.
this feeling flows through people in all walks of life and is no wonder people are bricking it, feeling hard done by and very reluctant to put their hands in their pockets.
blame the media if you like but people need to know.
throw enough stories of energy companies making record profits, yet consumer bills go up, at people and it reflects in their spending attitude. but this is linked to rises in oil prices, right? people are aware of the rise in oil price, they're getting crippled by them at the petrol pumps.
bring the banks bail out and bonuses into it and this brings a bad feeling towards spending and a case of 'this isn't fair'. i'm not personally one for bashing the bankers continually but i can understand why people do.
top this off with high unemployment rates and high immigration a 20% VAT rate, mp's expenses and fraudelent benefit claims and this also sinks in.
this feeling flows through people in all walks of life and is no wonder people are bricking it, feeling hard done by and very reluctant to put their hands in their pockets.
blame the media if you like but people need to know.
Soooo...Whats the point in getting out of debt then if the mroe money we have makes us less worthless?
Did you mean more worthless?
Less worthless is good, it means worth more
If you as an individual get out of debt that is great. It means you've earned the right to be debt free.
If the country does the same that's great. If the country prints more money to get out of debt then each pound that has already been printed is immediately worth less.
