Wattie
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You've mentioned other countries. But why wouldn't it happen? Unless of course you have access to information the the worlds finest economists don't?
Printing money is a short term fix.
However, if the country cannot export profitably, then it won't export.
No exports mean no sales.
No sales mean less tax to collect in the UK.
Less tax means less the government have to spend.
Less Government expenditure means services are cut.
When services are cut, people lose their jobs and become reliant on the Government for welfare.
But when the Government doesn't have the money to pay it's bills, taxes go up.
When taxes go up people have less money.
With less money to spend the economy goes into recession.
More lose their jobs.
And so on and so on.
Aaahaaa now we’re getting somewhere Geoff - I’m probably gonna sound a bit nuts here but;
for a start the worlds finest economists didn’t predict anything they weren’t Paid to predict.
MarkMas mentioned Rating agencies earlier.
Everything is Rigged.
Every economy is now supported with money from thin air. Bankers pretending they’re in control. There are plunge protection teams buying stockMarkets to ensure they don’t fall. Sounds ridiculous eh but the apparently strength of the global economy is a mirage.
I agree with your statement above that Printing money is a short term fix)...but it’s been happening since the last FC, nearly 10 years of central bank manipulation. ...billions and billions.....trillions..........all just papering over cracks. All they’ve done is make it worse.
The ecb supports everything in the Eu....even the things it shouldn’t! Regardless..it is printing the money to Support it. The latest LTRO is a bank bailout.
European economies can work together but not in the same currency. It’s impossible. It’s like asking an Italian Maserati driver to run a car on a Spanish seat workers salary.
By the way, the global economy (us) worse.
No recovery., anywhere.
Hardly surprising Brexit isn’t popular then:
We print our own money when needed.....:we are 1 country, not 20 odd.
Little observation and a sincere one.’dont trust your bank.