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Quantative Easing
puddy
Posts: 12,709 Forumite
Although it sounds like me trying to get into a size 18 pair of trousers, I realise that it has something to do wiv da kreditt krunch.
Please tell me this is not about inventing money where its not real. How does it work, have we done it before, has anyone done it before and what was the outcome?
Ta
Please tell me this is not about inventing money where its not real. How does it work, have we done it before, has anyone done it before and what was the outcome?
Ta
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Comments
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Hi Jenner, I bow to no man in my knowledge of this subject. Many hours spent boning up (as we say in the old economics profession). I will be only too glad to share freely of my extensive knowledge on this and any other economics matter you may be wishing to ask me.
mod: mewbie knows nothing on this or any other subject. Ignore him.0 -
Ok I'll tell you it's not about inventing money at all. It's about printing money.Please tell me this is not about inventing money where its not real. How does it work, have we done it before, has anyone done it before and what was the outcome?
Ta
The money is real but unfortunately it has the effect of making any money you had before slightly less real.
The Germans tried it in the 1930's and probably others before them so it isn't new. Mr. Mugabe of Zimbabwe is the current champion of this means of fiscal policy.
At the end of the game the Germans didn't do too badly and Mr Mugabe is still in control of Zimbabwe so I guess it can't be ruled completely bonkers.
http://en.wikipedia.org/wiki/Quantitative_easing0 -
Please tell me this is not about inventing money where its not real.
Ironically, this is the premise of our fractional reserve banking system. Have a look at this which will explain the basics of banking.....
http://uk.youtube.com/watch?v=vVkFb26u9g8In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move........Douglas Adams0 -
WHAT????????????
am I going to need a wheelbarrow to buy some bread???
>runs off screaming with hands in the air<0 -
WHAT????????????
am I going to need a wheelbarrow to buy some bread???
>runs off screaming with hands in the air<
Our situation and Germany's in the 1920s, not 30s, is pretty different, it was all to do with reparations after the first world war. Same with Zimbabwe, different circumstances. We print money frequently, though I'm not really going to be good at explaining exactly why, something to do with the economy growing.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
so, if theres no bread, will there be cake?"The purpose of Life is to spread and create Happiness" :j0
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I am getting bored with QE anyone got any other High falutin Economic concepts to discuss?
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Our situation and Germany's in the 1920s, not 30s, is pretty different, it was all to do with reparations after the first world war.
Yes it is different as is Zimbabwe's and as was Argentina's. We are though in a pretty deep hole caused by the bursting of the mother of all credit bubbles on whose growth we financed our life style. Of some comfort is tha Japan tried 'quantitative easing' in the nineties and it didn't result in raging inflation although it didn't end a long recession either.0 -
Of some comfort is tha Japan tried 'quantitative easing' in the nineties and it didn't result in raging inflation although it didn't end a long recession either.
Japan had nowhere near the level of national / personal debt we have. In fact they had SAVINGS and INDUSTRY
The Japanese's problems were totally different to ours.
Our problem is a [STRIKE]credit[/STRIKE] debt problem.0
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