 |
By (user no longer on site) OP
over a year ago
|
"I’m not so sure it does.
Devaluing the currency devalues it. "
of course it devalues the pound, if there are more pounds then each one is worth less, simple economics |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *plpxp2Couple
over a year ago
Middlesbrough |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?
Is there a link to this info?"
https://news.sky.com/story/coronavirus-bank-of-england-unleashes-further-150bn-of-support-for-economy-12124096
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I’m not so sure it does.
Devaluing the currency devalues it.
of course it devalues the pound, if there are more pounds then each one is worth less, simple economics"
It’s not that simple.
They buy government bonds with it and effectively give the government cheap loans. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ercuryMan
over a year ago
Grantham |
"I’m not so sure it does.
Devaluing the currency devalues it.
of course it devalues the pound, if there are more pounds then each one is worth less, simple economics
It’s not that simple.
They buy government bonds with it and effectively give the government cheap loans. "
Thats exactly how it works. It doesn't devalue the pound at all. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I’m not so sure it does.
Devaluing the currency devalues it.
of course it devalues the pound, if there are more pounds then each one is worth less, simple economics
It’s not that simple.
They buy government bonds with it and effectively give the government cheap loans.
Thats exactly how it works. It doesn't devalue the pound at all. "
Nope. If it did then there would be a corresponding dip in the market value of the pound each time they did quantitative easing when often it’s the opposite. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ercuryMan
over a year ago
Grantham |
"So somebody see us as a somebody worth lending too by buying our bonds. I wonder who that is ?
Is it somebody that wants leverage over us ?"
Its normally pension funds and global financial institutions.
Its easy to make money when you have money. |
Reply privately, Reply in forum +quote
or View forums list | |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?"
You will need a wheelbarrow full of cash to buy a loaf of bread, it’s like living in Zimbabwe but we have shitter weather  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?"
What’s next is negative interest rates in March 2021. We will be charged to hold onto capital to force investment |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *dwalu2Couple
over a year ago
Bristol |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?"
This is nothing new. It’s how national economies are supposed to work, and is only seen as negative by people who think national economies are analogous to household budgets, ie most people and intentionally misleading politicians / media.
It’s only ever a problem if the government spending the money are incompetent - which is the unfortunate situation we are in. |
Reply privately, Reply in forum +quote
or View forums list | |
"I’m not so sure it does.
Devaluing the currency devalues it.
of course it devalues the pound, if there are more pounds then each one is worth less, simple economics
It’s not that simple.
They buy government bonds with it and effectively give the government cheap loans.
Thats exactly how it works. It doesn't devalue the pound at all. "
If that was true then why would they not print and hand out £60 trillion and make every one of us a millionaire? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *mmmMaybeCouple
over a year ago
West Wales |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?"
Very few countries won’t be doing the same though, so where does it matter?
S |
Reply privately, Reply in forum +quote
or View forums list | |
You don't want the government to raise funds to deal with the impact of the virus?
Remember this is the Virus forum area, not Politics, etc
We are supporting the economy, virus testing services, vaccine purchases, paying people to isolate when infected, supporting employees at home due to lockdown business closures etc |
Reply privately, Reply in forum +quote
or View forums list | |
And in helping some, who deserve it, they have also as you say devalued the currency and anyone who saves ! savings....and apparently handed out lots of money without checking properly... and also - presumably it would have been MUCH cheaper , if they had been prepared first time to deal with it properly!
I did hear somewhere that one of the reasons the UK was hit badly as was the US , is that we have larger unlying health problems...diabetes than some others . Stay safe every one ! |
Reply privately, Reply in forum +quote
or View forums list | |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?"
The pound has value..!?? Maybe it did 30 or 40 years ago but not anymore, when this is all over we really are going to regret not having the euro as a currency, the UK manufacturers nothing so I have no idea how the pound is worth anything in the first place. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?
The pound has value..!?? Maybe it did 30 or 40 years ago but not anymore, when this is all over we really are going to regret not having the euro as a currency, the UK manufacturers nothing so I have no idea how the pound is worth anything in the first place."
the uk maufactires nothing???? think maybe you need to do your recerch better, but that aside our bigest export is our skills, in my industry, most world wide are english people earning good money |
Reply privately, Reply in forum +quote
or View forums list | |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?
The pound has value..!?? Maybe it did 30 or 40 years ago but not anymore, when this is all over we really are going to regret not having the euro as a currency, the UK manufacturers nothing so I have no idea how the pound is worth anything in the first place.
the uk maufactires nothing???? think maybe you need to do your recerch better, but that aside our bigest export is our skills, in my industry, most world wide are english people earning good money"
What do we manufacture? |
Reply privately, Reply in forum +quote
or View forums list | |
"well for a start, my industry is motor racing, try buy a race car or engine that isnt built in the uk, heavy plant , and hundreds more"
Apparently the service industry is by far the biggest.. 80%
Financial is next. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"well for a start, my industry is motor racing, try buy a race car or engine that isnt built in the uk, heavy plant , and hundreds more
Apparently the service industry is by far the biggest.. 80%
Financial is next."
im sure there are bigger industries, but alot are called service industeries, as is motor racing, as the services are sold, like most industries!!!! |
Reply privately, Reply in forum +quote
or View forums list | |
"well for a start, my industry is motor racing, try buy a race car or engine that isnt built in the uk, heavy plant , and hundreds more
Apparently the service industry is by far the biggest.. 80%
Financial is next.
im sure there are bigger industries, but alot are called service industeries, as is motor racing, as the services are sold, like most industries!!!!"
Service industries is the big one but that's not actually making anything
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
most service industries do make something, or enable someone to make something, last year i was making engines for race cars, we built everything in house, but still considered a service industry, so sorry you are miss informed |
Reply privately, Reply in forum +quote
or View forums list | |
"most service industries do make something, or enable someone to make something, last year i was making engines for race cars, we built everything in house, but still considered a service industry, so sorry you are miss informed"
Service industry..is what is says
Providing a service..call centres,bars etc.
Service industry isnt making engines. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site) OP
over a year ago
|
"most service industries do make something, or enable someone to make something, last year i was making engines for race cars, we built everything in house, but still considered a service industry, so sorry you are miss informed
Service industry..is what is says
Providing a service..call centres,bars etc.
Service industry isnt making engines."
well like it or not it is classed as one |
Reply privately, Reply in forum +quote
or View forums list | |
"most service industries do make something, or enable someone to make something, last year i was making engines for race cars, we built everything in house, but still considered a service industry, so sorry you are miss informed
Service industry..is what is says
Providing a service..call centres,bars etc.
Service industry isnt making engines."
You are both right ...service industry comes in varying levels. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?
The pound has value..!?? Maybe it did 30 or 40 years ago but not anymore, "
The global currency markets may disagree with you slightly on that.
Fab experts  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"I’m not so sure it does.
Devaluing the currency devalues it.
of course it devalues the pound, if there are more pounds then each one is worth less, simple economics"
It tends to only devalue when other currencies arent printing money also, most countries are printing money, inflation happens when too much money is chasing to few goods, all governments will need inflation to reduce the relative value of the debt. We are in a huge hole in economic turns as is most of the world |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?
The pound has value..!?? Maybe it did 30 or 40 years ago but not anymore, when this is all over we really are going to regret not having the euro as a currency, the UK manufacturers nothing so I have no idea how the pound is worth anything in the first place."
 we manufacturer nothing do we lol, don't know what I have been doing for the last 20 odd yrs then, the products we manufacture are sold all over the world and the company i work for has been manufacturing for over a hundred yrs, like many others in the UK. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?
The pound has value..!?? Maybe it did 30 or 40 years ago but not anymore, when this is all over we really are going to regret not having the euro as a currency, the UK manufacturers nothing so I have no idea how the pound is worth anything in the first place.
we manufacturer nothing do we lol, don't know what I have been doing for the last 20 odd yrs then, the products we manufacture are sold all over the world and the company i work for has been manufacturing for over a hundred yrs, like many others in the UK."
We are the 9th biggest manufacturer in the world which is good but should be doing better, we all need to buy uk made stuff and keep the cash here |
Reply privately, Reply in forum +quote
or View forums list | |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?
The pound has value..!?? Maybe it did 30 or 40 years ago but not anymore, when this is all over we really are going to regret not having the euro as a currency, the UK manufacturers nothing so I have no idea how the pound is worth anything in the first place.
we manufacturer nothing do we lol, don't know what I have been doing for the last 20 odd yrs then, the products we manufacture are sold all over the world and the company i work for has been manufacturing for over a hundred yrs, like many others in the UK.
We are the 9th biggest manufacturer in the world which is good but should be doing better, we all need to buy uk made stuff and keep the cash here "
Can you name the 10 most popular household appliances made in the UK ?
I'm not doubting you but I can't think of many.
Even dyson isn't anymore. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"so now it seems we are proping up the country by printing more money, this obviously hugly devalues the pound, whats next?
The pound has value..!?? Maybe it did 30 or 40 years ago but not anymore, when this is all over we really are going to regret not having the euro as a currency, the UK manufacturers nothing so I have no idea how the pound is worth anything in the first place.
we manufacturer nothing do we lol, don't know what I have been doing for the last 20 odd yrs then, the products we manufacture are sold all over the world and the company i work for has been manufacturing for over a hundred yrs, like many others in the UK.
We are the 9th biggest manufacturer in the world which is good but should be doing better, we all need to buy uk made stuff and keep the cash here
Can you name the 10 most popular household appliances made in the UK ?
I'm not doubting you but I can't think of many.
Even dyson isn't anymore."
They can be found, we have recently bought a second home and have 90% uk manufactured stuff in it, however the UK make 1.8% of world manufacturing china now over 30% nearly double the states, the pandemic should be a wake up call to many countries including ours |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"I’m not so sure it does.
Devaluing the currency devalues it.
of course it devalues the pound, if there are more pounds then each one is worth less, simple economics
It’s not that simple.
They buy government bonds with it and effectively give the government cheap loans.
Thats exactly how it works. It doesn't devalue the pound at all.
If that was true then why would they not print and hand out £60 trillion and make every one of us a millionaire?"
Abuse of everyone was a millionaire none of us would work and the country would collapse. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Gold is growing fairly linear now about 2.5 percent each month, in-line with the best 1 -3 year savings bonds "
Shame the Labour Party sold all ours when the price was crap then. |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
