0.5% and Quantative Easing

[Stu]

So my mortgage is coming doing again I hope \\:D/

But Quantative Easing 8-[ - so Gordon Brown has put our economy on a par with Zimbabwe?

And who does the money get given to? :smt102
:smt039 I'll have some! :smt039

[dizzyblonde]

hehe yes I'm dancing too. So even the extra payments I've set up for my mortgage are still lower than they were a month or three back :-)

[G]

Lovely....just as our exchange rate starts to recover.....BANG brown makes sure it stays crap :rolleyes:

[injury_ian]

Woop woop!

[timwilky]

effectively devalue our lovely stirling.

Great my savings are turning into Lira.

[Viney]

They should do what they done in Japan, give everyone £1000 each

[Spiderman]

They can send me some free cash thats for sure. But how much will i need? If they're just gonna print some money with no value attached then a loaf of bread could shoot up to about £11,000 so tey best just send me a couple of million i guess.

So where do i apply for this free cash?

[Viney]

They can send me some free cash thats for sure. But how much will i need? If they're just gonna print some money with no value attached then a loaf of bread could shoot up to about £11,000 so tey best just send me a couple of million i guess.

So where do i apply for this free cash?

Please i am from Nigeria and my firend would like to be helping you. Please be providing your Bank details and we will be transfering the monies to yours account as soon as we be recieving the details. :)

Many thanks

R Obinbstd

[keith_d]

I also from Nigeria, but I am big worried your Pounds are going to be worth less than our Naira. Please be converting your savings to Yankie Dollars before sending them to me, and I will invest them in Naira with you for big rewards. My uncle is big man in the army (he is cook).

Ayma Robbinyou

[keith_d]

Gordon is turning us into a banana republic! Does he know something about global warming that we don't??

[Ceri JC]

I also from Nigeria, but I am big worried your Pounds are going to be worth less than our Naira. Please be converting your savings to Yankie Dollars before sending them to me, and I will invest them in Naira with you for big rewards. My uncle is big man in the army (he is cook).

Ayma Robbinyou

Quality! :D

[Ed]

Last time round I had a letter from the lender saying that they weren't passing it on and I don't spose they'll pass this on either.

A friend has invited us on their yacht in Turkey for a week, great thing is that the Turkish Lira is doing just as bad as the pound, so it's not like going to the €-zone.

Anyway I'm Chancellor of the Exchequer, I didn't get here by not being able to use a calculator, tyou know. You're all in safe hands, trust me...

[wyrdness]

I've found an article in the Financial Times from last October, by an economist who's written a book called "The Credit Crunch". He said that the only solution to the current situation is to reduce interest rates and quantitative easing:
http://blogs.ft.com/economistsforum/2008/10/why-quantatitive-easing-not-recapitalisation-is-the-answer/

It appears that the government is following his advice.

[Viney]

Last time round I had a letter from the lender saying that they weren't passing it on and I don't spose they'll pass this on either.

A friend has invited us on their yacht in Turkey for a week, great thing is that the Turkish Lira is doing just as bad as the pound, so it's not like going to the €-zone.

Anyway I'm Chancellor of the Exchequer, I didn't get here by not being able to use a calculator, tyou know. You're all in safe hands, trust me...
Thats good to know. I is off to Turkey in june and have no idea if the 2.2 to the pound is good or bad?

[Biker Biggles]

Last throw of the dice this printing money lark.They have absolutely nothing else to offer,so its a case of **** or bust.The frightening part is that our great leaders,the great and the good,have no idea if it will work or not.What thay have demonstrated is that ,collectively,they are no better at running the country than you or I.Just better at bullsh1t to get themselves there in the first place.A bit of a metaphor for our whole economy perhaps?

[dizzyblonde]

I think we should do what some sort of ancient greek or somebodies society did. Pick a member of the public to run the country each month. Probably end up better than it is right now. If they can take pot luck at stuff, why not everybody have a go!

[krhall]

Wo hooooo a bit of good news for me for a f-ing change, another 0.5% off my mortgage!!!

[Warthog]

Hope everyone has bought their wheelbarrow, you know, for carrying enough money to Sainsburys to pay for your loaf of bread :rolleyes:

[injury_ian]

Meh, I'll eat cake instead!

[seedy100]

I intend to fully support the Bank of England in its quantitive easying, in fact I have to move the bike out of the garage to make room for the printing press.

I will be selling freshly quantitivly eased £20 notes for £10 each.

Please post your cash only payments to

A. Robber
11 Downing Street
Banana Republic
Sceptic Isle.

Thank you for your contributions.