Will China bring down the western economies?

DiggerUK

Generali wrote: »

How do you define 'funny money' as opposed to the regular sort? I have a few dollars in my wallet which I can exchange for food, beer and petrol regardless of the interest rate.Banks are hugely capitalised with cash held at central banks. Gone are the days when a bank like NRK could work on a T1 capital base of 2%.

Money that comes from value produced in the manufacturing of goods, leading to profits in the manufacturers bank, dividends in shareholders bank, and tax receipts in the treasury, is no joke.

Funny money created as a result of fancy finger work with QE is a joke. The real value of a lot of bank capital, is about the same as the paper you find with a christmas cracker joke.
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Generali

DiggerUK wrote: »

Money that comes from value produced in the manufacturing of goods, leading to profits in the manufacturers bank, dividends in shareholders bank, and tax receipts in the treasury, is no joke.

Funny money created as a result of fancy finger work with QE is a joke. The real value of a lot of bank capital, is about the same as the paper you find with a christmas cracker joke.
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Ah I see. Now I remember why I have you on ignore.

DiggerUK

Generali wrote: »

Ah I see. Now I remember why I have you on ignore.

Devastating counter point, but thank you anyway.

I guess I am secretly flattered, that with over 7 billion people on the planet you choose me to ignore.
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