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a question for remainers
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By (user no longer on site) OP
over a year ago
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Why is the EU/Eurozone having to 'print' money (Q.E) to the tune of €80 billion a month every month and what will happen to Europe when that is no longer possible? |
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By (user no longer on site)
over a year ago
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The European banks are a cluster fuck of debt ridden insolvency.
The idea is that the central bank buys the debt off the bank with "printed" bonds, therefore deleveraging the banks and allowing them to lend more money, which is great because banks lending money creates more money on that debt.... Sounds good... Now the bad bit.
Firstly what is happening is that the banks are in effect transferring their shit worthless crap debt from their balance sheets.... To err your balance sheet (the central bank).
In order for this very very large transfer to happen interest rates have to be suppressed to zero or below zero to make it affordable!.
Because the central bank balance sheet has gone up, the governments have to now push austerity, which cuts spending and further pushes towards deflation....
.
The credit crunch was the worse named disaster in history, it wasn't a credit crunch, it was a debt problem and you can't solve debt problems with more debt and giving banks interest free money is only good if they spend it wisely?.... Do you think that's what there doing.... Or do you think there investing in junk bonds that prop up fracking companies?.
I'll give you a clue, it's the last one  |
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By *immyXXMan
over a year ago
Pontypridd |
Joke???
The main point being, it won't survive when other countries follow us out, they can throw bad money after bad until they crack, and I'd probably enjoy watching it, and it's definitely going to be a better view from outside than inside |
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By (user no longer on site)
over a year ago
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"Why is the EU/Eurozone having to 'print' money (Q.E) to the tune of €80 billion a month every month and what will happen to Europe when that is no longer possible?"
Never mind them printing money, what have they done with my £282 which was my direct contribution to the EU budget
can they print an extra £282 worth of euro's and give me back my direct contribution to the EU budget |
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"Why is the EU/Eurozone having to 'print' money (Q.E) to the tune of €80 billion a month every month and what will happen to Europe when that is no longer possible?"
Remainers
Why anyone wants Europe to fail is beyond me , in or out the UK will hurt when Europe hurts just as it hurts when America or China or Russia hurts
I think we will find the UK is not done with printing it's own money yet
It is my opinion that the world is about to experience a bit more inflation xx very good for everyone except the poorer of the world's society
Leaving the eu will achieve nothing beyond the rich getting richer and a huge financial burden for everyone else for administrating the thing
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By (user no longer on site)
over a year ago
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Apparently, the members of the ECB (currently pissing it up the wall in Davos) will make an announcement on Monday whether or not to continue. My suspicion is that 'bankrupt' of ideas the printing press will keep on rolling! |
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By (user no longer on site)
over a year ago
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"Why is the EU/Eurozone having to 'print' money (Q.E) to the tune of €80 billion a month every month and what will happen to Europe when that is no longer possible?
Remainers
Why anyone wants Europe to fail is beyond me , in or out the UK will hurt when Europe hurts just as it hurts when America or China or Russia hurts
I think we will find the UK is not done with printing it's own money yet
It is my opinion that the world is about to experience a bit more inflation xx very good for everyone except the poorer of the world's society
Leaving the eu will achieve nothing beyond the rich getting richer and a huge financial burden for everyone else for administrating the thing
"
How "Rich" do you have to be; to be considered "Rich"
(just wondering if I am rich)  |
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By *aucy3Couple
over a year ago
glasgow |
"Why is the EU/Eurozone having to 'print' money (Q.E) to the tune of €80 billion a month every month and what will happen to Europe when that is no longer possible?"
Is it cause Del boy sold them the Q.E machine.
Now they can't turn it off,
And they can't get Del boy on the phone.
.
If they don't turn it off soon.
This time next year,
they'll all be millionaires
  |
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"Why is the EU/Eurozone having to 'print' money (Q.E) to the tune of €80 billion a month every month and what will happen to Europe when that is no longer possible?
Remainers
Why anyone wants Europe to fail is beyond me , in or out the UK will hurt when Europe hurts just as it hurts when America or China or Russia hurts
I think we will find the UK is not done with printing it's own money yet
It is my opinion that the world is about to experience a bit more inflation xx very good for everyone except the poorer of the world's society
Leaving the eu will achieve nothing beyond the rich getting richer and a huge financial burden for everyone else for administrating the thing
How "Rich" do you have to be; to be considered "Rich"
(just wondering if I am rich) "
If you have to ask... |
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Do any of you actually know what "QE " actually is?
Clearly not, given the way you discuss it;
Do you know what the EU QE process is?
When it started?
How it is managed?
What its parameters are?
How it manages the risk?
When you have found out, come back and discuss. |
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By (user no longer on site) OP
over a year ago
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"Why is the EU/Eurozone having to 'print' money (Q.E) to the tune of €80 billion a month every month and what will happen to Europe when that is no longer possible?
Remainers
Why anyone wants Europe to fail is beyond me , in or out the UK will hurt when Europe hurts just as it hurts when America or China or Russia hurts
I think we will find the UK is not done with printing it's own money yet
It is my opinion that the world is about to experience a bit more inflation xx very good for everyone except the poorer of the world's society
Leaving the eu will achieve nothing beyond the rich getting richer and a huge financial burden for everyone else for administrating the thing
"
Remainers because they seem to view the EU as this wonderful economic zone where everything is rosy and wonderful and not to be a part of it is madness. I don't want Europe to fail I want it to thrive but without the EU, which is the only way it will. But the questin was, what do they do when they have to stop QE which is having very little effect anyway? |
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By (user no longer on site) OP
over a year ago
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"Do any of you actually know what "QE " actually is?
Clearly not, given the way you discuss it;
Do you know what the EU QE process is?
When it started?
How it is managed?
What its parameters are?
How it manages the risk?
When you have found out, come back and discuss."
Yes we do. Now come back when you can answer the question |
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"Do any of you actually know what "QE " actually is?
Clearly not, given the way you discuss it;
Do you know what the EU QE process is?
When it started?
How it is managed?
What its parameters are?
How it manages the risk?
When you have found out, come back and discuss.
Yes we do. Now come back when you can answer the question"
Well you clearly don't, since you think it's printing money. |
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By (user no longer on site) OP
over a year ago
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"Do any of you actually know what "QE " actually is?
Clearly not, given the way you discuss it;
Do you know what the EU QE process is?
When it started?
How it is managed?
What its parameters are?
How it manages the risk?
When you have found out, come back and discuss.
Yes we do. Now come back when you can answer the question
Well you clearly don't, since you think it's printing money."
please note my inverted commas around the word print in the OP. As you know, its just a commonly used phrase for QE. I take it you won't and can't answer the question or bury your head in the sand to the predicament the EU/Eurozone faces |
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By *andS66Couple
over a year ago
Derby |
"Do any of you actually know what "QE " actually is?
Clearly not, given the way you discuss it;
Do you know what the EU QE process is?
When it started?
How it is managed?
What its parameters are?
How it manages the risk?
When you have found out, come back and discuss.
Yes we do. Now come back when you can answer the question
Well you clearly don't, since you think it's printing money."
Did you not notice the 'print' in the OP in quotation marks?
Or do you not know what it means when someone puts something in "quotation marks".
And do you think that the BoE actually printed the £70 Billion? |
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"Do any of you actually know what "QE " actually is?
Clearly not, given the way you discuss it;
Do you know what the EU QE process is?
When it started?
How it is managed?
What its parameters are?
How it manages the risk?
When you have found out, come back and discuss.
Yes we do. Now come back when you can answer the question
Well you clearly don't, since you think it's printing money.
Did you not notice the 'print' in the OP in quotation marks?
Or do you not know what it means when someone puts something in "quotation marks".
And do you think that the BoE actually printed the £70 Billion?"
Most idiots do
And the other idiots don't actually know how it works. |
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By *asyukMan
over a year ago
West London |
The European Central bank was buying back its own debt to prevent their banks from becoming insolvent due to all of the crappy lending that they did.
You know, the same thing that the US Treasury and Bank of England have been doing.
Is there a reason why the ECB doing it is any worse? |
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By *asyukMan
over a year ago
West London |
"
Remainers because they seem to view the EU as this wonderful economic zone where everything is rosy and wonderful and not to be a part of it is madness. I don't want Europe to fail I want it to thrive but without the EU, which is the only way it will. But the questin was, what do they do when they have to stop QE which is having very little effect anyway?"
No. I don't, nor do I think that we do.
How will the dissolution of the EU help Europe thrive?
Lots of assertions.
QE takes private debt into public ownership. We bail out the poor business decisions of bankers. It stops when enough debt has been bought up for the banks to lend rather than cover their balance sheets. It's not a very good solution, but there is no good solution.
What's your suggestion? |
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By (user no longer on site) OP
over a year ago
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"The European Central bank was buying back its own debt to prevent their banks from becoming insolvent due to all of the crappy lending that they did.
You know, the same thing that the US Treasury and Bank of England have been doing.
Is there a reason why the ECB doing it is any worse?"
because the UK, US and Japan did it at the right time and all of a sudden to give their economies a boost which worked. The ECB left it too late and carrying on over a long period has had little effect on growth. They are incompetent and just pumping money in now to basically stand still. So what happens when all the bad debt has been bought back and they can no longer do this? What is plan B and who is going to suffer? |
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By *asyukMan
over a year ago
West London |
"
because the UK, US and Japan did it at the right time and all of a sudden to give their economies a boost which worked. The ECB left it too late and carrying on over a long period has had little effect on growth. They are incompetent and just pumping money in now to basically stand still. So what happens when all the bad debt has been bought back and they can no longer do this? What is plan B and who is going to suffer?"
If you were paying attention, I said that it was not a good solution. I am not a central banker so have limited time and data to reach a conclusion.
I invited you to make a suggestion.
Why is the functioning of the ECB of such concern to you? |
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By (user no longer on site) OP
over a year ago
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"
because the UK, US and Japan did it at the right time and all of a sudden to give their economies a boost which worked. The ECB left it too late and carrying on over a long period has had little effect on growth. They are incompetent and just pumping money in now to basically stand still. So what happens when all the bad debt has been bought back and they can no longer do this? What is plan B and who is going to suffer?
If you were paying attention, I said that it was not a good solution. I am not a central banker so have limited time and data to reach a conclusion.
I invited you to make a suggestion.
Why is the functioning of the ECB of such concern to you?"
its not, other than the fact the mess they have made of things has affected my friends and family in the Eurozone and will affect us all, thats why I directed the question at remainers, I thought they might have some positive ideas of where the EU is going and what it can do. Obviously not |
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By *asyukMan
over a year ago
West London |
"
because the UK, US and Japan did it at the right time and all of a sudden to give their economies a boost which worked. The ECB left it too late and carrying on over a long period has had little effect on growth. They are incompetent and just pumping money in now to basically stand still. So what happens when all the bad debt has been bought back and they can no longer do this? What is plan B and who is going to suffer?"
On reflection; by what measure has QE worked? The banks didn't become insolvent but all that cash got soaked up in equity investment and did not find its way into the real economy. Wealth inequality increased.
QE is a big experiment.
The ECB has also been buying Greek national debt which is not something the other countries you're referring to had to do. Different circumstances.
Some things are complicated and have complicated solutions or bad solutions. |
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By *asyukMan
over a year ago
West London |
"
its not, other than the fact the mess they have made of things has affected my friends and family in the Eurozone and will affect us all, thats why I directed the question at remainers, I thought they might have some positive ideas of where the EU is going and what it can do. Obviously not"
Why would a remained have a solution to a fundamentally difficult international financial problem? Why should they? Would you like us to suggest a cure for cancer too? |
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By (user no longer on site) OP
over a year ago
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"
its not, other than the fact the mess they have made of things has affected my friends and family in the Eurozone and will affect us all, thats why I directed the question at remainers, I thought they might have some positive ideas of where the EU is going and what it can do. Obviously not
Why would a remained have a solution to a fundamentally difficult international financial problem? Why should they? Would you like us to suggest a cure for cancer too?"
nope. But you seem to be so confident in the economic future of the EU as opposed to the future of the UK outside of it. I find it hard to understand why and nobody can explain |
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By *aucy3Couple
over a year ago
glasgow |
"
its not, other than the fact the mess they have made of things has affected my friends and family in the Eurozone and will affect us all, thats why I directed the question at remainers, I thought they might have some positive ideas of where the EU is going and what it can do. Obviously not
Why would a remained have a solution to a fundamentally difficult international financial problem? Why should they? Would you like us to suggest a cure for cancer too?"
Once more,Remainers Blatant question avoidance.
Nobody asked remainers for a solution,
They asked for a reason,
the Eu requires Q.E to the tune of 80 billion euros,every month????
.
|
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By (user no longer on site)
over a year ago
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That's not actually why the EU QE decisions failed.
Firstly they were not really a central bank in the general terms of things.... Yes draghi has started to reverse that by actually doing something instead of nothing.
Secondly the QE isn't having as much as an effect in the eurozone because of EU rules on deficit spending, every time QE attempts to put more money into the system the EU regulations force countries to take money out of the system via deficit reductions causing GDP contraction which causes higher debt which causes more deficit spending and round and round it goes, it's why Greece has more debt now after 4 years of deficit reductions than they did at the start..... The EU enforces German economic mantra on countries that aren't and never can be Germany, until they admit, realise and change that the eurozone is destined to fail and that's bad for everyone |
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By *asyukMan
over a year ago
West London |
"That's not actually why the EU QE decisions failed.
Firstly they were not really a central bank in the general terms of things.... Yes draghi has started to reverse that by actually doing something instead of nothing.
Secondly the QE isn't having as much as an effect in the eurozone because of EU rules on deficit spending, every time QE attempts to put more money into the system the EU regulations force countries to take money out of the system via deficit reductions causing GDP contraction which causes higher debt which causes more deficit spending and round and round it goes, it's why Greece has more debt now after 4 years of deficit reductions than they did at the start..... The EU enforces German economic mantra on countries that aren't and never can be Germany, until they admit, realise and change that the eurozone is destined to fail and that's bad for everyone"
Which is due to the original problem of Euro membership being extended to inappropriate economies.
Of course, the populations who are very upset about the Euro were very enthusiastic about it when they joined and for many years after.
Go figure. |
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By *aucy3Couple
over a year ago
glasgow |
"That's not actually why the EU QE decisions failed.
Firstly they were not really a central bank in the general terms of things.... Yes draghi has started to reverse that by actually doing something instead of nothing.
Secondly the QE isn't having as much as an effect in the eurozone because of EU rules on deficit spending, every time QE attempts to put more money into the system the EU regulations force countries to take money out of the system via deficit reductions causing GDP contraction which causes higher debt which causes more deficit spending and round and round it goes, it's why Greece has more debt now after 4 years of deficit reductions than they did at the start..... The EU enforces German economic mantra on countries that aren't and never can be Germany, until they admit, realise and change that the eurozone is destined to fail and that's bad for everyone"
Thank you
On a subject fraught with dishonesty,half truths,and agenda driven opinions.
That is by far,the most concise,honest,informative post so far.
I hope it's contagious.
 |
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The one country that should come out of the euro is Germany.
The German finance minister said a while ago the debt Greece was in would have to be forgiven and he said the sooner the better but it is a slow process, like most things with Europe. |
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"
its not, other than the fact the mess they have made of things has affected my friends and family in the Eurozone and will affect us all, thats why I directed the question at remainers, I thought they might have some positive ideas of where the EU is going and what it can do. Obviously not
Why would a remained have a solution to a fundamentally difficult international financial problem? Why should they? Would you like us to suggest a cure for cancer too?
Once more,Remainers Blatant question avoidance.
Nobody asked remainers for a solution,
They asked for a reason,
the Eu requires Q.E to the tune of 80 billion euros,every month????
.
"
And as it did for the US and the UK. When private sector demand for credit dies as it did in 2008 you need to prime the pump and keep GDP stable. If you don't you get deflation swiftly decreasing economic activity leading to a depression rather than recession. The problem now is how to use fiscal policy to end QE as interest rates are locked in a low rate. The EU if anything was too late to deploy QE in large enough quantities. |
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