Bank of England & QE

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medialAxisIn a functioning economy shouldn't goods get cheaper as time goes by, simply because productivity increases with time? So doesn't that mean that, in functioning economy, there's no real need for increasing wages nor indeed for inflation?...

1 hour ago
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David Frederick PrestonI wish I did Jim; nothing can change with the current Government in power & the uncertainty of Brexit hanging around us. If those experts had ever got one forecast in ten correct, or the Governing party actually told the truth about what they planned to do, then it may be possible to put togethe...

5 days ago

medialAxisI don't know the answer to your question but, AIUI private individuals don't hold reserve currency and yet QE (which is the 'printing' of reserves, AIUI,) benefits the 1%, yes? As T. May admits....

5 days ago

James MurrayGruffydd,I had to look up SDRs or XDRs as their acronyms seem to be.I understand they can only be used by a country and not an individual.I therefore cannot see how they will protect the wealth of the 1% specifically.Can you explain or send a link?Jim Murray...

5 days ago
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medialAxisTrue, we now even have paper gold! That is why the likes of bitcoin are so important[1]. Some see the fact bitcoin is not under central control as a flaw but it's not, it's what comes with a decentrailsed system. It can also be seen as a feature, it cannot be controlled by any single entity, only by...

3 weeks ago

Anthony BrowneThe world owes trillions in debt, it can never be repaid and its caused by massive corruption by the criminal banking system, money will soon be worthless, a lot of people think its time to buy physical gold and i agree but the problem with that is the banksters are manipulating that as well....

3 weeks ago

Marco SabaStress testing central banks: Bank of Italy Feels People Shouldn’t Create Their Own Currencies http://www.newsbtc.com/2017......

3 weeks ago
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Bank of England is alarmed about the increase of personal debt

mark carney personal household debt

The Bank of England has been warned of complacency over the big rise in personal debt. In its toughest warning yet about the possibility of a rerun of the financial crisis that devastated the economy 10 years ago, the Bank of England admitted it was alarmed about the increase in the amount of money being borrowed on easy terms over the past year, reported the Guardian, 24th July 2017.

medialAxisAs you say, it doesn't tell us who is holding all this 'cash' (by which I mean deposits, not actual cash). But I heard on Radio 4 this morning that Warren Buffet now (8th Aug 2918) holds loads of 'cash' ($s of course), which is interesting given stock markets of late have been hitting all time highs...

2 weeks ago

Edward SmytheThose are very good points. The truth, as you say, is that banks only have to pay negligible interest to re-attract (as deposits) the money they've created (rather than stuffing cash under the mattress). And this is because, people understand their money in the bank is fully liquid (i.e. CB guarante...

3 weeks ago

medialAxisThanks for post that, you've done a good job. I find it difficult finding my way around the BoE's site, TBH."...those in the second paragraph are paying interest to those in the first paragraph..."Not sure that's the best way to view it given what we've learned about how the system works. Also, inte...

3 weeks ago
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