Guest Posted March 18, 2020 Share Posted March 18, 2020 Just now, bernardblack said: In my local supermarket the amount of fresh food left was unbelievable. People have just stopped cooking it seems...or forgotten you can freeze stuff I hope to christ the takeaways are still delivering !! 0 Quote Link to comment Share on other sites More sharing options...
harry94 Posted March 18, 2020 Share Posted March 18, 2020 2 minutes ago, bernardblack said: In my local supermarket the amount of fresh food left was unbelievable. People have just stopped cooking it seems...or forgotten you can freeze stuff Thought it was funny seeing someone in Lidl have a heads gone at the lack of tins of chopped tomatoes yet had about thousands of fresh tomatoes right behind them. 1 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted March 18, 2020 Share Posted March 18, 2020 13 minutes ago, Sergeant Wilson said: Was the border's last job as a transfer window? The border would've slammed shut then, surely? 1 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted March 18, 2020 Share Posted March 18, 2020 3 minutes ago, MixuFixit said: Because the money comes from investors buying bonds, and they're not going to buy those bonds if governments say they're not going to pay them back. Use monopoly money then. Who cares. This is a worldwide issue. Not an economic competition. Our ideological monitory system shouldn't apply here. 1 Quote Link to comment Share on other sites More sharing options...
Gordopolis Posted March 18, 2020 Share Posted March 18, 2020 2 minutes ago, BawWatchin said: Use monopoly money then. Who cares. This is a worldwide issue. Not an economic competition. Our ideological monitory system shouldn't apply here. Yep. It's not about competition or proprietorship. It's about survival. 0 Quote Link to comment Share on other sites More sharing options...
coprolite Posted March 18, 2020 Share Posted March 18, 2020 12 minutes ago, MixuFixit said: Because the money comes from investors buying bonds, and they're not going to buy those bonds if governments say they're not going to pay them back. Not if they're QE instruments. (aka printing money) 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, MixuFixit said: Risks hyperinflation. In any case it's basically free for governments to issue bonds just now because demand is so high that yields are tiny. There's nothing stopping them. Other than ideology of course. Hyperinflation occurs when one country goes on a printing frenzy while the others don't. What i'm suggesting is that we rip up the economic rule book (at least temporarily) and tackle the issue in a world wide effort. Money shouldn't even be a factor in tackling this issue. Every country wants it gone. We all share the same common goal here. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 18, 2020 Share Posted March 18, 2020 I have no worries about the economic impact so long as trade can continue. Government can make necessary spending decisions if they need to. What this will highlight is that the need for austerity in ‘normal’ times is right-wing propaganda. 1 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, MixuFixit said: & it doesn't need to be. As said government borrowing is effectively free just now. Borrowing shouldn't even be necessary. Every country in the world will be borrowing to offset the economic impact which will inflate the world wide debt figure even more. Which is utterly ludicrous. Just shake hands and write the damn thing off. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 18, 2020 Share Posted March 18, 2020 A bit of inflation would be handy for everyone in debt. The hysteria about panic buying is way OTT. Very few people are buying huge amounts. Most people are buying a wee bit more than usual and filling their cupboards and freezers with non perishables the way we all used to before it became normal to shop multiple times a week. That has overwhelmed the supply chain but it should catch up. I was just reading about gig economy companies announcing a fund for 'workers' with symptoms but as you need a doctor's note it's impossible to access right now. And anyone who applies for it is banned from the app. Scumbags. 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 18, 2020 Share Posted March 18, 2020 8 minutes ago, Snafu said: Nope! This is Darwin's theory of evolution by natural selection in action. It starts to become real when you can't get your mega munchy box (platimum edition) delivered. 0 Quote Link to comment Share on other sites More sharing options...
Rugster Posted March 18, 2020 Share Posted March 18, 2020 19 minutes ago, Dons_1988 said: The border would've slammed shut then, surely? Did you read the headline on the tweet? 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, MixuFixit said: I don't understand how this is better than existing mechanisms at this time. Because guaranteed when the ideological world wide debt figure sky rockets, the burden will fall on the same people it always does. There's going to be a whole lot of debt defaulting after this, especially by business owners. Which is basically the government covering the debt at the cost of the poorest and most vulnerable. Something we'll see across the globe. Something that can be completely avoided by simply writing the whole thing off world wide. 2 Quote Link to comment Share on other sites More sharing options...
Detournement Posted March 18, 2020 Share Posted March 18, 2020 (edited) Governments have already created about 20 trillion dollars of QE money from thin air but they only use that power to inflate and prop up the wealth of asset holders. We live in market economies where manufactured scarcity - in housing, health, education - is required to sustain the wealth of the few. Because of that liberal governments will never willingly change monetary policy. Edited March 18, 2020 by Detournement 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 18, 2020 Share Posted March 18, 2020 BBC NEWS HEADLINE, "Musicians share sadness at 'heartbreaking' Glastonbury cancellation" Good to see they've got their priorities right, clowns. 0 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted March 18, 2020 Share Posted March 18, 2020 3 minutes ago, Rugster said: Did you read the headline on the tweet? I did not. In my defence...........nah I got nothing. 2 Quote Link to comment Share on other sites More sharing options...
Wee-Bey Posted March 18, 2020 Share Posted March 18, 2020 It's a massive opportunity to reshape our economy away from mass consumption and hyper consumerism. The money is there, the money is always there. Sunak and Johnson plan to bail out the big guys and saddle the small businesses with loans and debt. The poor should be first in line, not last, or indeed, not even mentioned at all. The neolibs and austerity junkies won't give up their economic hegemony easily. 6 Quote Link to comment Share on other sites More sharing options...
Miguel Sanchez Posted March 18, 2020 Share Posted March 18, 2020 Just now, WATTOO said: BBC NEWS HEADLINE, "Musicians share sadness at 'heartbreaking' Glastonbury cancellation" Good to see they've got their priorities right, clowns. People being sad they can't work and earn a living. Outrageous. 4 Quote Link to comment Share on other sites More sharing options...
Old Bing Posted March 18, 2020 Share Posted March 18, 2020 No Country should ever be trading with China again, for anything!!! How many viruses is it they have given the world? This has to be the final straw for everyone else surely. They cannot be trusted to have even the most basic of hygiene and food standards. 1 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 18, 2020 Share Posted March 18, 2020 2 minutes ago, WATTOO said: BBC NEWS HEADLINE, "Musicians share sadness at 'heartbreaking' Glastonbury cancellation" Good to see they've got their priorities right, clowns. Really? I’m not surprised that musicians (and music fans) are saddened by this in the same way footballers and football fans are disappointed games have been cancelled. 2 Quote Link to comment Share on other sites More sharing options...
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