Politics2 mins ago
Quantitative Easing???
8 Answers
A palliative term to cover the older voters distaste for simply "Printing Money" which has no backing.
Does anyone know where and in approximately what amounts the money was distributed?
It is a well known fact-of-life, when there is such a mountain of money being handled, it is a certainty that some of it will stick to some fingers. Is anyone on the lookout for people in government suddenly show a great deal of 'new wealth?'
It is my suspicion that a large chunk of it is being used to keep payrolls afloat until after the election. Then I think we shall, as in the early nineties, learn to hate the reporting of daily job losses and foreign exchange in the news.
Old Salt........................retired, fixed income and very worried about inflation
Does anyone know where and in approximately what amounts the money was distributed?
It is a well known fact-of-life, when there is such a mountain of money being handled, it is a certainty that some of it will stick to some fingers. Is anyone on the lookout for people in government suddenly show a great deal of 'new wealth?'
It is my suspicion that a large chunk of it is being used to keep payrolls afloat until after the election. Then I think we shall, as in the early nineties, learn to hate the reporting of daily job losses and foreign exchange in the news.
Old Salt........................retired, fixed income and very worried about inflation
Answers
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No best answer has yet been selected by Old Salt. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I don't think it quite works like that. There aren't piles of £20 notes printed off that governement officials etc can pocket.
The quantitative easing has been successful until now at keeping the economy moving; it is also masking some major underlying problems; but there may well be consequences in a year or so for inflation.
The quantitative easing has been successful until now at keeping the economy moving; it is also masking some major underlying problems; but there may well be consequences in a year or so for inflation.
They don't usually steal cash factor30, but, somehow they use the leverage given to them by controlling all those funds to significantly enhance their personal wealth.
And they always seem to find a way to make a big personal profit using our money.
And it is very hard to tell the difference between the bad guys and the good guys
OS
And they always seem to find a way to make a big personal profit using our money.
And it is very hard to tell the difference between the bad guys and the good guys
OS
Thanks R1Geezer, that is the first easy to understand explanation I have ever seen.
Let us hope that 'our loan' get repaid
But it sure does amaze me factor30, how someone can go into politics with very little money, and very quickly seem to be worth a great deal of money. No everyone, but a goodly number
OS
Let us hope that 'our loan' get repaid
But it sure does amaze me factor30, how someone can go into politics with very little money, and very quickly seem to be worth a great deal of money. No everyone, but a goodly number
OS
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