train strike

[Organ Morgan.]

Re: train strike

You've never schooled anyone and here you're confirming you're bereft of any kind of knowledge.

Do you realise the BoE keeps cash reserves? Which bank do you think all your taxes are paid to?

Are you going to dispute my contention that QE is the state pretending to borrow money from itself?

Are you seriously suggesting the BoE had £330 billion going spare to purchase bonds during 2020, and £895 billion since 2009?

Care to dispute .gov haven't repaid a single penny of that enormous sum?

Staying with the BoE, there's speculation it's state owned in name only as it's a head scratcher that anything can be said in the Commons under Parliamentary Privilege except for mention of who the BoE nominees might be. It's been so since 1979 and Jim 'crisis, what crisis?' Callaghan's admin.

[Feedback]

Re: train strike

Are you going to dispute my contention that QE is the state pretending to borrow money from itself?

Are you seriously suggesting the BoE had £330 billion going spare to purchase bonds during 2020, and £895 billion since 2009?

Care to dispute .gov haven't repaid a single penny of that enormous sum?

Staying with the BoE, there's speculation it's state owned in name only as it's a head scratcher that anything can be said in the Commons under Parliamentary Privilege except for mention of who the BoE nominees might be. It's been so since 1979 and Jim 'crisis, what crisis?' Callaghan's admin.

QE is the BoE buying back gilts increasing liquidity in the system. Its like your bank paying off your mortgage. Your bank can only do this if it has sufficient reserves and credibility. The BoE has both

Gilts are bought and sold every day. The gilt market is worth over £2trn.

The BoE also has every other banks sterling deposits to call upon on its balance sheet, charging interest on the holdings. That's where its money comes from

[Organ Morgan.]

Re: train strike

QE is counterfeiting by another name and is a convoluted process of a central bank lending magic money tree dough to its own government which is never repaid. It's debauching the currency. How you can defend this obvious sleight of hand is concerning.

[JamesWales]

Re: train strike

Considering the amount of disruption that arises from a few days of strikes every month or so, it would seem the government made the right call stepping in to stop half the drivers losing their jobs and a multitude of rail operators going bust.

Yes, they absolutely did.

[Feedback]

Re: train strike

QE is counterfeiting by another name and is a convoluted process of a central bank lending magic money tree dough to its own government which is never repaid. It's debauching the currency. How you can defend this obvious sleight of hand is concerning.

As I said, you don't know what QE is do you. QE is a way of manipulating interest rates to create economic activity, whilst not causing inflation, which is what printing money does.

[jon1959]

Re: train strike

https://www.theguardian.com/society/2022/oct/06/nurses-across-uk-to-vote-in-first-ever-rcn-strike-ballot-over-pay?utm_term=633e6d3290328e6c1bb5488463588df9&utm_campaign=FirstEdition&utm_source=esp&utm_medium=Email&CMP=firstedition_email

Enough is Enough