Vague_Boy Posted July 1, 2012 Share Posted July 1, 2012 The Bankrupt of England has announced the creation of another £200 billion out of thin air. LINK The money junkies need to keep shooting up ever larger injections of cash to get their fix. What will they do when this £200 billion fails to work? (And it will. You can't "stimulate" a corpse.) Why, just create more money out of thin air of course. We've had £325bn already, to no avail. Let's make it half a trillion, that should do the trick. What could possibly go wrong? (© President of the Weimar Republic, 1920). To boil it down: One part of the government is creating money out of thin air in order to buy debt (bonds) from another part of itself. To "solve" a crisis created by too much debt and cheap money sloshing around. Please tell me you don't think this will work out. Link to comment Share on other sites More sharing options...
MrSmith Posted July 2, 2012 Share Posted July 2, 2012 The Bankrupt of England has announced the creation of another £200 billion out of thin air. LINK The money junkies need to keep shooting up ever larger injections of cash to get their fix. What will they do when this £200 billion fails to work? (And it will. You can't "stimulate" a corpse.) Why, just create more money out of thin air of course. We've had £325bn already, to no avail. Let's make it half a trillion, that should do the trick. What could possibly go wrong? (© President of the Weimar Republic, 1920). To boil it down: One part of the government is creating money out of thin air in order to buy debt (bonds) from another part of itself. To "solve" a crisis created by too much debt and cheap money sloshing around. Please tell me you don't think this will work out. It would most definitely work if they put the money into my account, I would work tirelessly spending it on British goods which would stimulate our economy. Link to comment Share on other sites More sharing options...
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