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Vlad Demands Roubles.......
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....great at a shilling for a hundred weight that must make it a lot cheaper!
....great at a shilling for a hundred weight that must make it a lot cheaper!
Answers
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In crisis’ Governments have to borrow heavily to cushion the public from the adverse affects of the problem. Then at some stage the money has to be paid back.
In 2008/9 there was a world financial crisis. The Government borrowed heavily. In my opinion they spent wisely. They didn’t pay everyones mortgage. They didn’t nationalise the banks. They bought shares in viable banks and saved many of them which went on the not just survive but thrive. When the bank stock became desirable, the Government was able to sell its share and recoup a lot of the money back. And give a windfall to subsequent Chancellors.
This pandemic crisis also needed heavy Government borrowing. The Government paid workers through furlough. Money it will never get back. It paid over the odds for technology (without tender) and often got junk which is unsellable. There are not many assets to sell .
So I cannot criticise the Government for trying to make money from anything that has been a success. Just a pity the list is short.
In 2008/9 there was a world financial crisis. The Government borrowed heavily. In my opinion they spent wisely. They didn’t pay everyones mortgage. They didn’t nationalise the banks. They bought shares in viable banks and saved many of them which went on the not just survive but thrive. When the bank stock became desirable, the Government was able to sell its share and recoup a lot of the money back. And give a windfall to subsequent Chancellors.
This pandemic crisis also needed heavy Government borrowing. The Government paid workers through furlough. Money it will never get back. It paid over the odds for technology (without tender) and often got junk which is unsellable. There are not many assets to sell .
So I cannot criticise the Government for trying to make money from anything that has been a success. Just a pity the list is short.
I’m puzzled by this whole business. Plainly the current status of the rouble is nothing to do with it, as it’s no stronger or weaker than it was a couple of days ago
Was Putin just testing Europe’s resolve?
It looked like Germany was calling his bluff: he had to face the real prospect of bankruptcy. If this was an attempt to look tough at home it failed. But he controls the media at home anyway and is allegedly more popular than ever. So no need, you’d think.
He’s becoming a specialist in failure.
As a typical bully, when faced with force from a stronger power he backs away.
We banned RT - for years one argument against was he’d ban the BBC in revenge. It’s not happened.
His big move yesterday was to ban EU leaders from Russia, to general amusement.
And Bucha is liberated. Next stop Gostomel …
Was Putin just testing Europe’s resolve?
It looked like Germany was calling his bluff: he had to face the real prospect of bankruptcy. If this was an attempt to look tough at home it failed. But he controls the media at home anyway and is allegedly more popular than ever. So no need, you’d think.
He’s becoming a specialist in failure.
As a typical bully, when faced with force from a stronger power he backs away.
We banned RT - for years one argument against was he’d ban the BBC in revenge. It’s not happened.
His big move yesterday was to ban EU leaders from Russia, to general amusement.
And Bucha is liberated. Next stop Gostomel …
1 to 20 of 20
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