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Where's all this money comming from ?

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David

David Report 3 Jul 2017 16:34


Lots of talk in the papers about millions
for this and millions for that.

We are near skint.

Does the Bank of England print some off...then we devalue the pound ?

Researching:
.

Caroline

Caroline Report 3 Jul 2017 17:57

:-)

RolloTheRed

RolloTheRed Report 3 Jul 2017 18:58

The Breton Woods system of managed currency rates died many a long year ago being replaced by floating rates which vary by the micro second. Thus the UK pound cannot be devalued it is worth what forex dealers calculate it to be at any given moment.

If how they do this interests you may Google for Black Scholes and the Greeks. It is not done by a spotty teenager paid a vast salary as the redtops seem to think.

If the markets have trust in a currency then a currency area can support serious amounts of debt at low rates of interest. The US dollar is a prime example. The debt is used to finance mortgages, wages, Hs2 and other popular projects when it is then called money. Debt and money are two sides of the same coin something many people refuse to accept prefering claptrap from politicians of all colors.

The current volatility of the UK £ seriously threatens the economy with a nasty cold and even the flu next year unless Stan comes up with a plan real soon now.

There is no finite pot of money. Economic theory in the C19 was keen on this idea sometimes known as Say's Law. Sadly it has had a comeback under the Tories in the guise of "Austerity". The results are all around you.











Researching:
The Man In the High Castle

David

David Report 3 Jul 2017 19:16

Thank you

A completely unrelated incident involving vast sums of money was the Pentagon USA.

They announced they had "lost" trillions of dollars. That's the value of several D J Trumps.

The WTC and the Pentagon were attacked in 9/11

The US immediately went to war against terrorism, ongoing.

The missing trillions were never mentioned again......strange

Researching:
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