What if these measures don't work either!!

SamIAm_3-2

JonnyBravo wrote: »

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?

I was wondering the same thing.

JonnyBravo wrote: »

Have you turned into a pirate?

If so, a very strange sounding one at that!

Rochdale_Pioneers

ad9898 wrote: »

No idea, but they won't work, they never do, the powers that be are just headless chickens.

So what would you be doing?

knowledgepower1

It won't work in the short run,when this kind of situation occur,it adjust itself in the long run.

tesuhoha

My brother in law happened to say at the weekend that taking into account the amount already given to the banks they could give everyone in this country £100k. Personally I think this is an excellent idea and would probably solve the recession:

All you first time buyers would have enough for a deposit
Present mortgage holders would not lose their houses/would pay off their mortgages.
Wealthy people would invest the money.
A lot of people would book holidays, buy a new car.

Therefore the building industry would start up again and all the unemployed builders and related trades would have a job again, the car manufacturers would be hard at work again, as would the whole manufacturing industry, the retail trade would be booming as people would be spending money. All the people who had regained their jobs would not be signing on so the country would have more money. More people would be paying income tax, car tax, house tax, solicitors would be busy again, estate agents. The banks would be doing ok because people would be taking out mortgages as they had the deposit, others would be able to pay off their debts, this would help the country's national debt, others would be saving. A lot of people would be more careful having learnt their lesson about money. There would be less need for council houses, homeless people would disappear. There would be a foolish hardcore who were still in debt, the gamblers etc but even they would benefit the economy by spending. Pensions would benefit, public spending would go back to normal, the Health Service and Education service would not be affected by the recession. The whole knock on situation would be reversed.

I really can't see anything wrong with it if every person got £100k. Oh and the Fred bloke who got the pension would only get his £100k like everyone else. The banks wouldnt get bailed out but maybe they wouldnt need it as everyone would feel secure and things would normalise. There would be a lot of saving and then the interest rates could go up a bit earning the banks some money. So instead of all that money going down the drain, spent by the banks and going goodness knows where, it would be used for the common good.

Lack of security is what makes people stop spending normally, and that is why none of the measures work because people don't want to feel secure about the bloody banks, they want to feel secure about themselves. Until that happens things won't improve. That is why my idea would work because it would solve most people's financial worries at a stroke. The Government had the money to do this but theyve wasted it on the banks pouring good money after bad.

kennyboy66_2

Generali wrote: »

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

Just out of interest, how would you define fascist economics? (Not the horrid racial stuff but how to run an economy)

Whilst being about as useful as describing the UK as going down the road of Zimbabwe, I would probably expect a charismatic leader with a sense of purpose who manages to convince the people that he is the infallible saviour of the nation.

Hey, possibly thats in our Dear Leaders mind..................

I doubt if too many people are convinced though.

StevieJ

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 hope you are not one of those that move to a different country and start complaining They will be calling you a WP if you are.

Graham_Devon

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.

In a couple of words.

Debt sanitisation.

elaina79

Graham_Devon wrote: »

In a couple of words.

Debt sanitisation.

Forgive me for being a bit dumb, but would that just mean writing off debts.

poppysarah

ad9898 wrote: »

No idea, but they won't work, they never do, the powers that be are just headless chickens.

The UK is a debt addict. You don't cure a debt addict by giving it more debt. You have to mke it go cold turkey. And that hurts.

treliac

tesuhoha wrote: »

My brother in law happened to say at the weekend that taking into account the amount already given to the banks they could give everyone in this country £100k. Personally I think this is an excellent idea and would probably solve the recession:

All you first time buyers would have enough for a deposit
Present mortgage holders would not lose their houses/would pay off their mortgages.
Wealthy people would invest the money.
A lot of people would book holidays, buy a new car.

Therefore the building industry would start up again and all the unemployed builders and related trades would have a job again, the car manufacturers would be hard at work again, as would the whole manufacturing industry, the retail trade would be booming as people would be spending money. All the people who had regained their jobs would not be signing on so the country would have more money. More people would be paying income tax, car tax, house tax, solicitors would be busy again, estate agents. The banks would be doing ok because people would be taking out mortgages as they had the deposit, others would be able to pay off their debts, this would help the country's national debt, others would be saving. A lot of people would be more careful having learnt their lesson about money. There would be less need for council houses, homeless people would disappear. There would be a foolish hardcore who were still in debt, the gamblers etc but even they would benefit the economy by spending. Pensions would benefit, public spending would go back to normal, the Health Service and Education service would not be affected by the recession. The whole knock on situation would be reversed.

I really can't see anything wrong with it if every person got £100k. Oh and the Fred bloke who got the pension would only get his £100k like everyone else. The banks wouldnt get bailed out but maybe they wouldnt need it as everyone would feel secure and things would normalise. There would be a lot of saving and then the interest rates could go up a bit earning the banks some money. So instead of all that money going down the drain, spent by the banks and going goodness knows where, it would be used for the common good.

Lack of security is what makes people stop spending normally, and that is why none of the measures work because people don't want to feel secure about the bloody banks, they want to feel secure about themselves. Until that happens things won't improve. That is why my idea would work because it would solve most people's financial worries at a stroke. The Government had the money to do this but theyve wasted it on the banks pouring good money after bad.

Nice idea, but in next to no time the bulk of it would back in the hands of the already wealthiest 10%. It's how humans function!