Economics thread.

[Nemo123]

You may know if you're interested George Osborne announced a 1.1% growth in the British economy this year. This was blown out brass pipes as a recovery.
The fact is, this 1.1% growth is less than the amount of phoney money pumped into the economy by way of quantitative easing and debt. It's a total fraud, and Ed Balls should have spotted it, but why would he when his party did the same in govt.?

[fingers]

Exactly, why would he? They are all the bloody same.

[Nemo123]

Exactly, why would he? They are all the bloody same.
High Five!

[King Gizzard]

but Ed Balls has the advantage of having a great name

[Nemo123]

but Ed Balls has the advantage of having a great name
Balls is a handicap in politics.

[King Gizzard]

I generally find George Osborne more punchable than Balls. That smarmy face

[Nemo123]

I think I started off saying something important. That is, that he so-called claim of 1.1% of recovery is even less than the new printed and loaned. Take QE out of the equation, and the results are negative. That is, all the money artificially pumped into the British economy, has come out less the other side. That means contraction.

[fingers]

Same as in the USA.

Edit: Banknote paper is relatively cheap and Ink doesn't cost that much either.

[Nemo123]

Same as in the USA.

Yep, absolutely. All the most closely alligned western nations, which are fewer and farther between.

[MTVN]

How do you think the lads in the commons would react to this thesis Nemo?

[Nemo123]

How do you think the lads in the commons would react to this thesis Nemo?

Couldn't give a ****.