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Two Acres

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Everything posted by Two Acres

  1. Two Acres
    Sorry to hear that Jon, Its really taking the p:thumbdown:ss to do it at Easter
  2. Two Acres
    Happy Easter Jon, Chocolate everywhere here, my three kids areloving it All the best mate:thumbup:
  3. Two Acres
    Interesting to see Nicola Sturgeon offering Labour an anti-austerity progressive alliance in todays Observer - could this be the start of a UK Syriza or Podemos type movement? I think shes a politician that could shake up the Westminster establishment and is someone I'd like to vote for.
  4. Two Acres
    Ok, bankofengland.co.uk Monetary policy What is Quantative Easing PDF file at the bottom of the page titled ' The United Kingdoms Quantative Easing Policy: design, operation and ipact' That explains all If I knew how to operate this blinking Ipad I'd post you a link to the PDF I'll attempt that tomorrow:001_smile:
  5. Two Acres
    From the Bank of England Skyhuck. I'll try to find it for you later, knackered now and turning in to be honest. If you Google it you may find it. The Bank have a report about QE that explains it. All the Best
  6. Two Acres
    75% will be owed to financial institutions and foreign governments - I expect the Swiss will have a slice of the cake I'd reckon a war would just increase the debt myself, whats a warplane cost 40 million or something? Could get very good expensive unless they were a bunch of real pussies
  7. Two Acres
    Heres the really intnteresing bit Mark, about 25% is owed to the Bank of England, partly through QE. The Bank is nationalised, so its owned by the government, so effectively its 'owned' by you and I. That means we owe ourseleves 25% of the national debt. And, all the time that the Tories are banging on about how important it is we reduce 'The Deficit' they're increasing the National Debt at regular intervals through QE. Naughty I'd say.
  8. Two Acres
    Oh, I see, I'm with you now. I think Greengui is saying, and I may be wrong here, is that the money supply has been privatised when actually that responsability lies with The Bank of England. In fact a private sector debt has been nationalised so that the UK taxpayer is now paying for the failure of the commercial banks. Of course the bankers are still trousering handsome bonuses, business as usual.
  9. Two Acres
    :lol: I thought it was Q, or was he the gadget man?
  10. Two Acres
    The government Its a great wheeze isn't it
  11. Two Acres
    No the treasury did that, I'm just making the point that The Bank of England can print money (not always literally, sometimes electronically)
  12. Two Acres
    No, its the bank of England creating funds electronically that they use to buy assets such as bonds.
  13. Two Acres
    the commercial banks can't, but The Bank of England can
  14. Two Acres
    But that puts Mammon at the centre of our society and ignores everything else that enriches our existence, surely?
  15. Two Acres
    Oh, sorry
  16. Two Acres
    Its a one percent of the debt interest rate. Again its not what I think is affordable for the UK, thats decided by the financial markets. If they considered our national debt unsustainable then we'd find that interest rate climbing rapidly, as others did (e.g. Greece, Spain, Portugal).
  17. Two Acres
    Surely its no tin hat required Skyhuck - seems like a friendly and reasonable exchange of views to me
  18. Two Acres
    I agree TVI, we're in danger of becoming a nation of merchants
  19. Two Acres
    I think the state of affairs we're handing on to future generations is very worrying. We're already asking the next generation to buy houses at what? four, five, six times salary when we paid three. We're also asking them to pay for their university education, if they want one, when ours was free (personally I didn't go, but as a generation I mean). On top of that taxation will need to rise at some point. Its not good.
  20. Two Acres
    I'd have to check the figures but as I understand it the borrowing cost for the UK are at, or near, all time lows of around one percent, so we don't have a crisis. At some point I would expect politicians to increase taxation, but not before a election!
  21. Two Acres
    Its not what I personally consider acceptable, its what the financial markets will allow. Heres a quote from the Royal economics society that shows how much room for manouvere the UK has: 'Their study, which is published in the February 2013 issue of the Economic Journal, finds ample fiscal space for Australia, Korea and the Nordic countries. For the UK and the United States, the study finds around 50-75% of GDP of remaining fiscal space.'
  22. Two Acres
    I don't - I would prefer the Norwegian model: ''The Norwegian economy is a prosperous mixed economy, with a vibrant private sector, a large state sector, and an extensive social safety net. The government controls key areas, such as the vital petroleum sector, through extensive regulation and large-scale state-majority-owned enterprises.'
  23. Two Acres
    If thats true, which it could be Skyhuck, then its very sad, don't you think? Personally I don't find that to be the case. In my village we have a strong community thats built around our young children and the village school. We all have different political, (and other), opinions however we all pull together. That happens in large part to raise funds for the school and help the teachers (government doesn't fund education properly). It also happens in large part through direct assistance to each other. For example Friiends of mine have beeen to the wood with me to fill up on firewood, my wife regularly takes another friends little girl to school so her Mum and Dad can go to work, the list goes on. Its all good
  24. Two Acres
    Our government didn't go bust, and hasn't gone bust. That was the banks. Collectively governements in the EU and US had to rescue their financial institutions with taxpayers money. because they deemed te banks to be too big to fail. That transformed what should have been a private sector bankruptcy into a soveriegn debt. The consequence of that was tha financial institutions turned their attention to the level of soverign debt individual nations. Thise with unsustainable debts (Iceland, Greece) did go bust and have had to be rescued. The UK is not in taht kind of trouble. Our debt is sustainable. I agree with everything else that you say Tom
  25. Two Acres
    I was just turning around a phrase from a previous poster. 'Doomed' is perhaps too emotive a word for me personally and I probably shouldn't have used it. What we will suffer, in my opinion, is an increasingly divisive society with a cynical self-interest at its core. As someone with a stong belief in community I find that disapointing and corrosive.

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