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The Election Thread
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 chris123  hove actually 10 Nov 19 10.00am |
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Originally posted by Jway89
Sorry,forgot to add; No, it doesn't matter. What matters is your ability to pay it. Depends on the creditor - you don't want to default on the IMF.
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| steeleye20 Croydon 10 Nov 19 10.04am |
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Originally posted by Badger11
Steeleye you forgot to add this sentence from the cut and paste "But, in a statement, the Independent Office for Police Conduct denies it has delayed any announcement. " Makes no difference, it is political, is it not, who are they, what are they and why? 'Independent' office for police conduct? Establishment non-appointed bum-lickers more likely, that fits the police too in my opinion, worse than the Queen. Whether the PM has committed an offence for not is all that matters for a prosecution, just like anybody. It shouldn't be involved at all.
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| chris123 hove actually 10 Nov 19 10.05am |
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Originally posted by Jway89
Bonds from countries that can print their own money will always be bought, almost independent of the interest, because they are seen as a store of value that will be paid back definitely. One of the problems is governments buying up bonds issued by their own central banks, you've got concentration risk and little liquidity.
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| chris123 hove actually 10 Nov 19 10.18am |
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Originally posted by Jway89
It really isn't. There's no money for Greece, unless they accept austerity, but amazingly Deutchebank gets billions printed, no questions asked. I don't know what you're going on about - Deutsche Bank is a bank with shareholders - not a country.
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| Badger11 Beckenham 10 Nov 19 10.29am |
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Originally posted by steeleye20
Makes no difference, it is political, is it not, who are they, what are they and why? 'Independent' office for police conduct? Establishment non-appointed bum-lickers more likely, that fits the police too in my opinion, worse than the Queen. Whether the PM has committed an offence for not is all that matters for a prosecution, just like anybody. It shouldn't be involved at all. I have no idea if Johnson is guilty or if this Independent office is biased and neither have you. I was simply pointing out that you had not included their denial which is germane to the story. It is now up to others to prove that this independent body isn't independent otherwise this is just making allegations which are not backed up by facts.
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| Deleted11 10 Nov 19 10.46am | |
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Originally posted by chris123
I don't know what you're going on about - Deutsche Bank is a bank with shareholders - not a country. If you buy up crap bonds from a country, Greece, to get a 15% return, because, the inherent risk is that it is Greece and then you don't really bail them out, what do you think should've happened to that bank? Should've collapsed, but it didn't. Same for Bank Paribas and so on. So while the bank gets rid of 10000 employees, Greece goes through the largest austerity ever seen. You cant grow if you cut.
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| chris123 hove actually 10 Nov 19 10.51am |
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Originally posted by Jway89
If you buy up crap bonds from a country, Greece, to get a 15% return, because, the inherent risk is that it is Greece and then you don't really bail them out, what do you think should've happened to that bank? Should've collapsed, but it didn't. Same for Bank Paribas and so on. So while the bank gets rid of 10000 employees, Greece goes through the largest austerity ever seen. You cant grow if you cut. And the hair cut?
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| Deleted11 10 Nov 19 10.57am | |
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Originally posted by chris123
Depends on the creditor - you don't want to default on the IMF. The IMF? Good luck with that then. No one or country in their right mind is going to 'send in the bailiffs' and even if they do and we decided to pay it, we would print it. 80% odd of trade is done by EU and the US. Let's look at China, what do you think would happen if they decided to cash in rather than buy more bonds? The World economy would collapse, so not just us, they would be obliterated, because who the hell would buy all their stuff? You conflate bank debt with sovereign debt. As a sovereign nation we can pay all debts outstanding, which is why Brexit was much of a nothing. Had we been in the Euro, then that wouldve changed it, but if you think 3 years is too long to get out of the EU, it just wouldnt of happened if we were in the Euro.
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| Deleted11 10 Nov 19 11.03am | |
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Originally posted by chris123
And the hair cut? Lack of biological understanding here. There has to be a STIMULUS to grow. If you dont produce the various hormones and chemicals the hair will not grow. Same thing with plants, you have to water them and give them some light.
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| chris123 hove actually 10 Nov 19 11.08am |
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Originally posted by Jway89
The IMF? Good luck with that then. No one or country in their right mind is going to 'send in the bailiffs' and even if they do and we decided to pay it, we would print it. 80% odd of trade is done by EU and the US. Let's look at China, what do you think would happen if they decided to cash in rather than buy more bonds? The World economy would collapse, so not just us, they would be obliterated, because who the hell would buy all their stuff? You conflate bank debt with sovereign debt. As a sovereign nation we can pay all debts outstanding, which is why Brexit was much of a nothing. Had we been in the Euro, then that wouldve changed it, but if you think 3 years is too long to get out of the EU, it just wouldnt of happened if we were in the Euro. You mentioned bailiffs not me, I'm interested and have asked some questions. You bought in Deutsche Bank not me. And the IMF is one of Greece's creditors, which is why I mentioned it.
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| chris123 hove actually 10 Nov 19 11.10am |
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Originally posted by Jway89
Lack of biological understanding here. There has to be a STIMULUS to grow. If you dont produce the various hormones and chemicals the hair will not grow. Same thing with plants, you have to water them and give them some light. The Greek hair cut in 2012.
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| Deleted11 10 Nov 19 11.24am | |
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Originally posted by chris123
One of the problems is governments buying up bonds issued by their own central banks, you've got concentration risk and little liquidity.
Anyone who tells you that we need to keep the national debt in check, i would ask them the following; 1) how much is a good amount to reduce it to?
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