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What if these measures don't work either!!

elaina79
elaina79 Posts: 953 Forumite
in Debate House Prices & the Economy
So the interest rate is 0.5% and there will be £150bn created as part of the quantitive easing idea. This is to restart the economy and get the banks lending again.

Forgive me for being cynical, but none of the measures put in place have worked so far. What if these measure don't work, what is going to be the next step.
I used to suffer from lack of motivation.... now I just can't be arsed.

Official DFW Nerd Club - Member no. 1141 - Proud to be dealing with my debts :cool:
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Comments

  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    No idea, but they won't work, they never do, the powers that be are just headless chickens.
  • mr_jetlag
    mr_jetlag Posts: 116 Forumite
    elaina79 wrote: »
    So the interest rate is 0.5% and there will be £150bn created as part of the quantitive easing idea. This is to restart the economy and get the banks lending again.

    Forgive me for being cynical, but none of the measures put in place have worked so far. What if these measure don't work, what is going to be the next step.

    Look for nationalizations of banks, limits on personal cash being taken out of the country, and even more government spending.

    Or they could do an about face and just let the banks go under...

    "IF you don't like my principles... I have other ones." :p
  • handful
    handful Posts: 568 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    elaina79 wrote: »
    Forgive me for being cynical, but none of the measures put in place have worked so far. What if these measure don't work, what is going to be the next step.

    Well if you go by the past record, if it doesn't work they will just announce another even bigger dose of QE.
  • minimacka
    minimacka Posts: 777 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Maybe they could give everyone £10k to spend in this country must be spent here and not invested, mmm now wheres my pen and paper for my list.

    On a serious note its gona take a while for anyone to see if its working anyway, in the meantime savers are getting nowt for there savings so there not spending and the people who arnt lucky enough to have a tracker cant get lower mortgage rates anyway so they arnt spending either its a no win situation.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    elaina79 wrote: »
    What if these measure don't work, what is going to be the next step.

    FWIW, I think the next step would be fascist economics - the UK Government takes capital from where it can (probably private and local Government pension schemes) and redirects it to wherever it see fit (probably what remains of heavy industry in the UK - eg car manufacture - banking (natch) and also some vague idea of a future industry, perhaps solar power or maybe jet packs or whatever crazy notion Our Gorious Leader can come up with......

    Fasicsm doesn't require racism or nationalism to work IMO. In fact, you guys are pretty much there! The racist/anti-semite thing is horrid but not necessary for facicsm to work.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    FWIW, I think the next step would be fascist economics - the UK Government takes capital from where it can (probably private and local Government pension schemes) and redirects it to wherever it see fit (probably what remains of heavy industry in the UK - eg car manufacture - banking (natch) and also some vague idea of a future industry, perhaps solar power or maybe jet packs or whatever crazy notion Our Gorious Leader can come up with......

    Fasicsm doesn't require racism or nationalism to work IMO. In fact, you guys are pretty much there! The racist/anti-semite thing is horrid but not necessary for facicsm to work.

    Some news for you, he isn't your Glorious leader anymore, unless of course you have been doing something you have not told us about while you were away :D
    '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 Thatcher
  • Sir_Humphrey
    Sir_Humphrey Posts: 1,978 Forumite
    Generali wrote: »
    FWIW, I think the next step would be fascist economics - the UK Government takes capital from where it can (probably private and local Government pension schemes) and redirects it to wherever it see fit (probably what remains of heavy industry in the UK - eg car manufacture - banking (natch) and also some vague idea of a future industry, perhaps solar power or maybe jet packs or whatever crazy notion Our Gorious Leader can come up with......

    God, you sound like Dave Spart from Private Eye! ;):p
    Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Sir_Humphrey wrote: »
    God, you sound like Dave Spart from Private Eye! ;):p

    Contd. p 94...... :-))

    Just out of interest, how would you define fascist economics? (Not the horrid racial stuff but how to run an economy)
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Some news for you, he isn't your Glorious leader anymore, unless of course you have been doing something you have not told us about while you were away :D

    Achh. I have problems with Snr Rudd too but they are better aired elsewhere.

    The short version is, "Gah".

    The longer one is, "Gaaaaaahhh".

    Rudd?

    !!!!!!!!!
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    Generali wrote: »
    Achh. I have problems with Snr Rudd too but they are better aired elsewhere.

    The short version is, "Gah".

    The longer one is, "Gaaaaaahhh".

    Rudd?

    !!!!!!!!!

    I know its early morning for you at the moment.... (a sure sign Mr Generali isn't getting up for work tomorrow)..... but what on earth are you on about? Have you turned into a pirate?
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