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Government say 'That's it, no more stimulus , the £50 billion is it.'

135

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    1984ReturnsForReal wrote: »
    What?


    You mean them meetings that they are trying to exempt from freedom of information??

    ;)

    No, their correspondence ;)

    http://www.bankofengland.co.uk/monet...tter090806.pdf

    http://www.hm-treasury.gov.uk/d/chx_letter_060809.pdf
    '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
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Degenerate wrote: »
    No it isn't. You obviously don't have a clue how QE works.

    I'm surprised the 'thankers' of this post (chucky (06-08-2009), kennyboy66 (07-08-2009), StevieJ (07-08-2009), didn't bother to read the thread either.
    ad9898 wrote: »
    This was a follow up answer to the point I'd made about the car industry, may I suggest you have no idea how to read.:D
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ad9898 wrote: »
    I'm surprised the 'thankers' of this post (chucky (06-08-2009), kennyboy66 (07-08-2009), StevieJ (07-08-2009), didn't bother to read the thread either.

    You sound more desperate by the day icon7.gif
    '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
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    StevieJ wrote: »
    You sound more desperate by the day icon7.gif

    That's a bit of a w*nk comment from you Steve, would care to explain why ?, or are you just going to hide behind the usual bull euphoria of the past months of throwing bait at people with one line wind ups.

    You obviously couldn't be @rsed to read my previous answer to your other glib smiley face comment about me 'living on hope mountain', you have more to offer than just being a wind up p*ick, so why do it ?
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Be nice to all moneysavers:T
    Official MR B fan club,dont go............................
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ad9898 wrote: »
    I'm surprised the 'thankers' of this post (chucky (06-08-2009), kennyboy66 (07-08-2009), StevieJ (07-08-2009), didn't bother to read the thread either.

    from your post it looks like you don't have clue...

    how could QE ever come from the Government "piggy bank" as you put it.
    they didn't have the money so they had to create it for a whatever reason...
    that shows maybe your lack of understanding or more thank likely your blinkered viewpoint...

    as for this...
    ad9898 wrote: »
    Although not quite the same though similar is with house prices, they are being propped up by low IR's, basically money that has been stolen from savers.

    just proves the blinkered viewpoint...
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    chucky wrote: »
    from your post it looks like you don't have clue...

    how could QE ever come from the Government "piggy bank" as you put it.
    they didn't have the money so they had to create it for a whatever reason...
    that shows maybe your lack of understanding or more thank likely your blinkered viewpoint...

    as for this...


    just proves the blinkered viewpoint...

    I'm sure you'll get thanked by the usual suspects, but again, where did I mention QE was anything to do with the government piggy bank ? I'm purely talking about the money the government is borrowing, not the free money they are printing.

    And as far as blinkered viewpoint goes, if you didn't own BTL's or a home would you cheer for those people ?, I'm pretty sure you wouldn't. Everyone who posts on here as some kind of blinkers on..... and you are no different.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ad9898 wrote: »
    I'm sure you'll get thanked by the usual suspects, but again, where did I mention QE was anything to do with the government piggy bank ? I'm purely talking about the money the government is borrowing, not the free money they are printing.

    here you go
    ad9898 wrote: »
    Bang on with the last statement, all this 'stimulus' would be ok if it were coming from the government piggy bank, it's not though, it's borrowed and we have to pay it back..... with interest.

    i just thank posts that i feel i agree with i'm not because of whos' it's from. is that what you do?
    i thanked a couple of Graham's posts today because what he said made sense.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    edited 9 August 2009 at 4:08PM
    chucky wrote: »
    here you go


    i just thank posts that i feel i agree with i'm not because of whos' it's from. is that what you do?
    i thanked a couple of Graham's posts today because what he said made sense.

    By stimulus chucky I was refering to the government borrowing not QE, if I meant QE I would mention it specifically, hence the fact I didn't mention it when it came to the 'car industry issue'. The scrappage scheme is a form of stimulus supported by government borrowing not QE. This was the point I was making to Degenerate, who obviously hadn't read my posts properly.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ad9898 wrote: »
    By stimulus chucky I was refering to the government borrowing not QE, if I meant QE I would mention it specifically, hence the fact I didn't mention it when it came to the 'car industry issue'. The scrappage scheme is a form of stimulus supported by government borrowing not QE. This was the point I was making to Degenerate, who obviously hadn't read my posts properly.

    Not that obvious seeing as the thread started by you was specifically about QE, apologies if you did not mean that.
    '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
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