Greenback Pound

[repressed]

Why have the government not started to print a Greenback Pound?

[emmie]

confess i don't know what a greenback pound is. The only greenback i know is the US dollar. And a pound UK currency.

[venator]

The vaults under Westminster are full of them....

[venator]

looks like some sort of conspiracy thing - "bring to justice the house of rotschild"

[venator]

rothschild

http://info.fmotl.com/GreenbackPound.htm

[emmie]

i looked it up and still none the wiser, perhaps i am missing something, perhaps a lot..

[ChuckFickens]

Try this...

http://www.truthhunte...or-a-greenback-pound/

[emmie]

reading through it again, sounds like another conspiracy theory..

[emmie]

chuck i had looked at this that too.

[emmie]

this that, confusing i know, sorry typo

[B00]

Awww, i thought this was about....

http://th01.deviantar...ack_by_ladyjuliet.jpg

<sniff> disappointed now!

[emmie]

sounds like a House of Rothschilds are the devils proposition, surely not as simple

[jake-the-peg]

It's nonsense of course.

For the last 300 years governments have borrowed money to achieve various purposes.

In order to do this they issue "guilts" promises to pay interest at certain stages against loans.

This is effectively not repaying loans - a Soverign default - much like what Greece has just rejected.

If you default on your existing loans nobody will lend to you and you'll very rapidly run out of money, Police, Nurses, Soldiersand all manner of public sector workers won't get paid.

The only solution is to print more and more money resulting in hyper inflation

[woofgang]

Since they issue "gilts" yes, nonsense.

[venator]

The idea isn't a lot different from quantitative easing, which we are doing now, just as Germany did in the days of the Weimar Republic.

The QE policy creates "electronic money" which is put into the banks by the ploy of "buying assets"

http://en.wikipedia.o...i/Quantitative_easing

Going to Hell in a handcart...

[smilingcrow]

can the doctor not just prescribe you medicine?

[ChuckFickens]

They can, but I don't think it would be a solution to national debt.

[jake-the-peg]

Comparing the hyper inflation of the Weimar Republic and Zimbabwe etc with Quantataive Easing is like comparing the Buncefield fire with a familly barbecue.

UK inflation 3%

Weimar Republic inflation a little under 100,000,000%

You know this I'm sure, why do you say such foolish things?