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Who is your MP?
NHS, what should and should not be treated.
- Thread starter Ihavenojob
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So nothing to do with the EU and Freedom of Movement, then.
It must be galling for old Empire enthusiasts that having invaded and occupied most of the planet Earth over centuries, people from such countries sometimes come here.
Still, they must surely appreciate the vast number of foreigners willing to come and work in our hospitals, clinics and surgeries, who keep our Health system going.
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Why can't the Tories use their magic money tree?
https://twitter.com/bbcnickrobinson/status/1196344521321259008
When I asked @andrealeadsom how the Conservatives would pay to cut business rates she replied "You're assuming that money comes from somewhere." Well, yes ...
https://twitter.com/bbcnickrobinson/status/1196344521321259008
When I asked @andrealeadsom how the Conservatives would pay to cut business rates she replied "You're assuming that money comes from somewhere." Well, yes ...
Yep. Tis true money has to ComE from some where lucky for us u are on the ball and can point that fact out
The UK only finished paying off there ww2 war debt 3 years ago
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Sometimes it appears as if by magic.
If an avatar were to go into a bank and ask for a ten grand loan, people tend to think that the bank has ten grand in the safe that they give to the customer or transfer it to his account. The fact of the matter is, that ten grand doesn't exist, it only comes into existence when the loan is applied for and the bank 'creates' the money electronically. It's not even necessarily underwritten by Govt reserves, banks can quite literally 'create' more money than is in existence. It's called Fractional Reserve Banking although I like to think a little pinch of fairy dust is involved.
Similar to Quantitative Easing really, except that unlike the bank loans to individuals, QE will never be paid back.
If an avatar were to go into a bank and ask for a ten grand loan, people tend to think that the bank has ten grand in the safe that they give to the customer or transfer it to his account. The fact of the matter is, that ten grand doesn't exist, it only comes into existence when the loan is applied for and the bank 'creates' the money electronically. It's not even necessarily underwritten by Govt reserves, banks can quite literally 'create' more money than is in existence. It's called Fractional Reserve Banking although I like to think a little pinch of fairy dust is involved.
Similar to Quantitative Easing really, except that unlike the bank loans to individuals, QE will never be paid back.
Ah, but it does exist when you, a poor person, pay it off, so that money has been created and the bank gets to keep it.
Thats funny as when people took money out of Northern Rock, it ran out of money and went bust.
Clearly they shouldve asked fillyboy about the magic
I wont argue with that, but what about QE, that doesn't get paid back.
Thats funny as when people took money out of Northern Rock, it ran out of money and went bust.
Clearly they shouldve asked fillyboy about the magic
That's one of the main downsides of fractional reserve, when people want to make a withdrawal, it has to become 'real', and to much 'reality' in the fairy dust world of banking is by all accounts, not a good thing.
Not an expert - but I think the banks should have lent it to people (then it would have become real when repaid) to boost the economy but they didn't do that; they just kept it for themselves.
Is that right?
I'm no expert either but it's something that's pricked my curiosity and the more I read about it, the less sense any of it makes.
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Kwasi Calculus and Rishi Rhombus to the rescue.
Now why does Libor exist then of banks can create money out of thin air?
Now why does Libor exist then of banks can create money out of thin air?
I've absolutely no idea, perhaps you could enlighten us.
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