Thursday, August 6, 2009

Quantative Easing


Well now.....£50,000,000,000 of "Quantitative Easing," that would water my hole!!!! But having seen the Express headlines, House Prices increasing etc. I can not fail to be amazed by everything we in this country try to do. Just how many headless chickens are there in the city and whom is slaughtering them but not finishing the job????

The Bank of England inject another tranche of money into government bonds, and I think we are only over the prescribed amount by some £100,000,000, to induce banks in general to pass it on. Well if the banks actually did that, then it might make a difference. As far as I can see the banks rub their hands with glee saying, "Money, money, money all for us!!!!" If businesses and borrowers were allowed any then perhaps the economy might stand a chance of turning. No one expects it to change over night but just how long will we have to wait before the banks start giving out what is being given to them? Oi, what about us? It would be a damned sight better if the BOE just gave every tax payer a hand out of so much....perhaps £10/£20K with the proviso that we use it to clear debt or even pay the mortgage for a year/six months or something. At least the money would actually get into the system and then we might see some "Quantitative Bloody Easing!!!"

Talking of easing, (or in this case getting it in!!) you might recall our pig, Mrs P. who has gone to Fishers Farm, to spend some time with Russell for a good time. Well I saw her today and I was told, not by Mrs P. but by staff that some heavy sex had taken place, judging by the noises coming from the pen. Go on my son, make me a daddy, so to speak!!

That really is quantitative easing. Create an opening and make it work, giving life as an ultimate goal. Deep but there is a tenuous link there somewhere?

I stood on stage today and looked out into the blackness and thought about the money that was now in the system, supposedly, and then also thought of Mrs. P. Life is better than money. Creating life is the most wonderful gift we have. Life however, needs money to survive and that is sad but true. Money will buy us food clothe our backs but it will also bring us down. The really sad thing is that there is no substitute for money otherwise we could live without it and with each other instead.

Lend us a fiver!!!!!!!

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