The UK cannot "run out of money"

[Gigabit]

Your O-level economics doesn't cut it in the real world Gigabit.
You should take the advice of senior economics experts.
People who have lectured at University in Financial Economic, for example.
People like me.

If you don't understand the UK can't print its own money via a Central Bank, frankly you are unqualified to be lecturing on financial economics.

Might I suggest that you first take a course on Capital Market Theory before you post your next load of cods?

So what is "cods" - that the UK can't print its own money?

[Maddog]

Venezuela isn't running out of money either. In fact they have printed so much that it's now worthless.

[Gigabit]

Venezuela isn't running out of money either. In fact they have printed so much that it's now worthless.

I highlighted this above. You can print money indefinitely and get hyperinflation but to say their currency is worthless is just not true at all.

There's also quite the debate on whether their difficulties are down to them or USA undermining, like the USA did in Iran - how did that turn out?

[Maddog]

Venezuela isn't running out of money either. In fact they have printed so much that it's now worthless.

I highlighted this above. You can print money indefinitely and get hyperinflation but to say their currency is worthless is just not true at all.

There's also quite the debate on whether their difficulties are down to them or USA undermining, like the USA did in Iran - how did that turn out?

I stand corrected. Their currency is extremely devalued. Venezuela's problems are domestic not external. Their system is unworkable and corrupt. We have seen these mistakes repeated ad infinitum all over the world.

[Gigabit]

Venezuela isn't running out of money either. In fact they have printed so much that it's now worthless.

I highlighted this above. You can print money indefinitely and get hyperinflation but to say their currency is worthless is just not true at all.

There's also quite the debate on whether their difficulties are down to them or USA undermining, like the USA did in Iran - how did that turn out?

I stand corrected. Their currency is extremely devalued. Venezuela's problems are domestic not external. Their system is unworkable and corrupt. We have seen these mistakes repeated ad infinitum all over the world.

They are corrupt and have lots of issues.

Which is why it is good none of Corbyn's policies will turn us into Venezuela.

[MungoBrush]

Venezuela isn't running out of money either. In fact they have printed so much that it's now worthless.

I highlighted this above. You can print money indefinitely and get hyperinflation but to say their currency is worthless is just not true at all.

There's also quite the debate on whether their difficulties are down to them or USA undermining, like the USA did in Iran - how did that turn out?

I stand corrected. Their currency is extremely devalued. Venezuela's problems are domestic not external. Their system is unworkable and corrupt. We have seen these mistakes repeated ad infinitum all over the world.

They are corrupt and have lots of issues.

Which is why it is good none of Corbyn's policies will turn us into Venezuela.

You'd better take that up with John Lansman
This is "21st century Socialism" that we are talking about
It's what John Lansman wants for the UK

Apart from that of course, we have John McDonnell who is a self declared Marxist.

[Gigabit]

Venezuela isn't running out of money either. In fact they have printed so much that it's now worthless.

I highlighted this above. You can print money indefinitely and get hyperinflation but to say their currency is worthless is just not true at all.

There's also quite the debate on whether their difficulties are down to them or USA undermining, like the USA did in Iran - how did that turn out?

I stand corrected. Their currency is extremely devalued. Venezuela's problems are domestic not external. Their system is unworkable and corrupt. We have seen these mistakes repeated ad infinitum all over the world.

They are corrupt and have lots of issues.

Which is why it is good none of Corbyn's policies will turn us into Venezuela.

You'd better take that up with John Lansman
This is "21st century Socialism" that we are talking about
It's what John Lansman wants for the UK

Apart from that of course, we have John McDonnell who is a self declared Marxist.

So which Labour policies are "21st Century socialism"?

[Jay Jay]

Your O-level economics doesn't cut it in the real world Gigabit.
You should take the advice of senior economics experts.
People who have lectured at University in Financial Economic, for example.
People like me.

If you don't understand the UK can't print its own money via a Central Bank, frankly you are unqualified to be lecturing on financial economics.

He reminds me of that Tory idiot who tried to argue economics with the UCL economics professor and was humiliated.

[MungoBrush]

Venezuela isn't running out of money either. In fact they have printed so much that it's now worthless.

I highlighted this above. You can print money indefinitely and get hyperinflation but to say their currency is worthless is just not true at all.

There's also quite the debate on whether their difficulties are down to them or USA undermining, like the USA did in Iran - how did that turn out?

I stand corrected. Their currency is extremely devalued. Venezuela's problems are domestic not external. Their system is unworkable and corrupt. We have seen these mistakes repeated ad infinitum all over the world.

They are corrupt and have lots of issues.

Which is why it is good none of Corbyn's policies will turn us into Venezuela.

Do you know what compound interest is Gigabit?
Did you know that Einstein said that compound interest is the most powerul force in the universe?

He said "He who understands it, earns it ... he who doesn't ... pays it."

This is labour's problem. They don't understand it.
This is why your proposed labour government will be a payer of compound interest.
And leave the burden to the young generation to pay off.

[Rolluplostinspace]

Germany didn't run out of money in the thirties but you needed a truck load to buy a tin of beans.
The international community wouldn't trade with them.
They couldn't buy steel corn rubber anything from other countries.
The solution?
Kicked out Rothschild banking system and started creating their own currency interest free instead of borrowing money into existence out of thin air at interest.
They started producing money as a unit of value as opposed to a unit of debt.
The result was Germany built the most advanced military ever seen at that point .... ships of every description submarines aircraft etc. Road building house building.
It attracted Wall st speculators and The City of London all who started making lots of money from it.
Hitler was on the front of Time Magazine twice for his economic miracle.
The miracle being money created interest free.

[Jay Jay]

Venezuela isn't running out of money either. In fact they have printed so much that it's now worthless.

I highlighted this above. You can print money indefinitely and get hyperinflation but to say their currency is worthless is just not true at all.

There's also quite the debate on whether their difficulties are down to them or USA undermining, like the USA did in Iran - how did that turn out?

I stand corrected. Their currency is extremely devalued. Venezuela's problems are domestic not external. Their system is unworkable and corrupt. We have seen these mistakes repeated ad infinitum all over the world.

They are corrupt and have lots of issues.

Which is why it is good none of Corbyn's policies will turn us into Venezuela.

Do you know what compound interest is Gigabit?
Did you know that Einstein said that compound interest is the most powerul force in the universe?

He said "He who understands it, earns it ... he who doesn't ... pays it."

This is labour's problem. They don't understand it.
This is why your proposed labour government will be a payer of compound interest.
And leave the burden to the young generation to pay off.

LOL Pray tell us why 8 years on the Tories are still absolutely nowhere near paying the debt down.
Didn't Go and DC say they were paying the debt down and were told off for lying to the House?
Why was the only period of economic growth when GO and PH adopted Labour's spending policies?

Any ideas?

[Gigabit]

Why are you throwing terms like compound interest (which anyone with a bank account should understand) as a way to somehow validate your credentials.

I notice you have conveniently missed my question: how does the UK printing money and investing it directly into infrastructure create inflation?

[MungoBrush]

I notice you have conveniently missed my question: how does the UK printing money and investing it directly into infrastructure create inflation?

As I'm sure you are aware, controlling inflation is the central role of the sovereign bank and the money supply is one of the key factors along with the "Risk free rate" in it's toolbox

The Bank of England uses econometric models to attempt to project impacts of varying these levers, which have to take into account various forecasts of economic activity, employment rates, GDP etc etc

You can read about these models here:

https://www.researchgate.net/publicatio ... of_England

Most of these models are deterministic.

Rather than try to give you a lesson in economics on this forum, you can read this information from the Bank of England which I hope will explain it all to you:

https://www.bankofengland.co.uk/monetary-policy

Apart from the interest rates, sovereign banks have other levers available which you can read about here:

https://www.investopedia.com/articles/0 ... ession.asp

Hope this helps.

[Gigabit]

I notice you have conveniently missed my question: how does the UK printing money and investing it directly into infrastructure create inflation?

As I'm sure you are aware, controlling inflation is the central role of the sovereign bank and the money supply is one of the key factors along with the "Risk free rate" in it's toolbox

The Bank of England uses econometric models to attempt to project impacts of varying these levers, which have to take into account various forecasts of economic activity, employment rates, GDP etc etc

You can read about these models here:

https://www.researchgate.net/publicatio ... of_England

Most of these models are deterministic.

Rather than try to give you a lesson in economics on this forum, you can read this information from the Bank of England which I hope will explain it all to you:

https://www.bankofengland.co.uk/monetary-policy

Apart from the interest rates, sovereign banks have other levers available which you can read about here:

https://www.investopedia.com/articles/0 ... ession.asp

Hope this helps.

Are you missing the point on purpose?

I know what the BoE does, I know how inflation works. That isn't what I asked.

What I asked was how the BoE printing money and spending it directly on infrastructure creates inflation? The Government does it already on other things, I see no inflation. That is because as I've already said, inflation is only created if the money goes directly into the money supply, which it wouldn't if you spent it directly.

How do we know this - well look at 2008 and the money we printed then. How is the hyperinflation we've been living through for 10 years? Oh, wait...

[MungoBrush]

I notice you have conveniently missed my question: how does the UK printing money and investing it directly into infrastructure create inflation?

As I'm sure you are aware, controlling inflation is the central role of the sovereign bank and the money supply is one of the key factors along with the "Risk free rate" in it's toolbox

The Bank of England uses econometric models to attempt to project impacts of varying these levers, which have to take into account various forecasts of economic activity, employment rates, GDP etc etc

You can read about these models here:

https://www.researchgate.net/publicatio ... of_England

Most of these models are deterministic.

Rather than try to give you a lesson in economics on this forum, you can read this information from the Bank of England which I hope will explain it all to you:

https://www.bankofengland.co.uk/monetary-policy

Apart from the interest rates, sovereign banks have other levers available which you can read about here:

https://www.investopedia.com/articles/0 ... ession.asp

Hope this helps.

Are you missing the point on purpose?

I know what the BoE does, I know how inflation works. That isn't what I asked.

What I asked was how the BoE printing money and spending it directly on infrastructure creates inflation? The Government does it already on other things, I see no inflation. That is because as I've already said, inflation is only created if the money goes directly into the money supply, which it wouldn't if you spent it directly.

How do we know this - well look at 2008 and the money we printed then. How is the hyperinflation we've been living through for 10 years? Oh, wait...

Read and learn Gigabit
Some of us have spent many many years studying this stuff
Your knowledge is just superficial as you have displayed many times.
Dont just keep on spouting the garbage you get from Momentum.