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Started By
Message
The Band of England Breaks First (QE on)
Posted on 9/28/22 at 6:16 am
Posted on 9/28/22 at 6:16 am
If this was a game of chicken then the BOE would have been the first to run off the road. With all of the tough talk it is now evident that our economies are incapable of running without excessive debt.
I wonder how long will it take for the Fed to follow suit.
LINK to the Hedge
I wonder how long will it take for the Fed to follow suit.
quote:
the BOE became the first bank to capitulate on its plans to proceed with QT on Wednesday when the central bank restarted QE in a "temporary and targeted" bond buying operation - which will be as "temporary" as "temporary" inflation was - warning of a "material risk to UK financial stability" if the turmoil in the UK government bond market were to continue. It also raised the prospect of a “tightening of financing conditions and a reduction of the flow of credit to the real economy”, but what it really meant is that QT is over before it even started, and QE is back.
quote:
the bottom line is that this is the beginning of the end for the fiat system which now faces a terminal dilemma: fight inflation and suffer market collapse and economic depression with millions laid off, or push to stabilize social order and employment with higher asset prices, runaway (hyper)inflation be damned.
LINK to the Hedge
6
Posted on 9/28/22 at 7:06 am to Lone Wolf McQuade
Can someone explain to me how a digital currency, especially a centralized version, would change the insane spending by politicians? I don't see how a digital currency changes any of our debt issues.
Posted on 9/28/22 at 7:27 am to Lone Wolf McQuade
quote:this needs to happen.
fight inflation and suffer market collapse and economic depression with millions laid off,
Posted on 9/28/22 at 7:33 am to tiggerthetooth
quote:
change the insane spending by politicians
It doesn't change anything about spending, just makes it easier to hide it from you (among many other nefarious things).
Posted on 9/28/22 at 8:03 am to Lone Wolf McQuade
quote:
Zerohedge
Ignored
Posted on 9/28/22 at 8:09 am to Lone Wolf McQuade
It's too late. This won't work. The artificial inflation has finally come home to roost.
Posted on 9/28/22 at 8:21 am to iAmBatman
Would have been bettwr if it was CNN huh?
Posted on 9/28/22 at 8:49 am to iAmBatman
quote:So it didn't happen bc ZH reported on it?
Ignored
Posted on 9/28/22 at 9:43 am to tiggerthetooth
quote:
Can someone explain to me how a digital currency, especially a centralized version, would change the insane spending by politicians? I don't see how a digital currency changes any of our debt issues.
Its not supposed to fix the debt issues, its supposed to consolidate control of the economy to the banks by allowing them to track and control every transaction and bank account with minimal effort.
This post was edited on 9/28/22 at 10:06 am
Posted on 9/28/22 at 9:56 am to TigerTatorTots
quote:
So it didn't happen bc ZH reported on it?
No, but the doom and gloom, end-of-the-world commentary that they add is what gives them zero credibility. Little nuggets like
quote:
the bottom line is that this is the beginning of the end for the fiat system
Posted on 9/28/22 at 10:01 am to iAmBatman
quote:
No, but the doom and gloom, end-of-the-world commentary that they add is what gives them zero credibility. Little nuggets like
Every end has a beginning. You have to ask is this time unique to all the others? Have we ever had this much national debt before? Do we spend more than we have and borrow more than ever before?
It might be the 'end of the world as we know it' financially. You really don't know...and perhaps it's the scenario you fear the most so you close your ears at the possibility.
Posted on 9/28/22 at 10:15 am to Enadious
quote:
It might be the 'end of the world as we know it' financially.
it isn't
quote:
You really don't know
I do...it isn't
quote:
and perhaps it's the scenario you fear the most so you close your ears at the possibility.
nah
Posted on 9/28/22 at 10:32 am to Enadious
quote:
It might be the 'end of the world as we know it' financially. You really don't know...and perhaps it's the scenario you fear the most so you close your ears at the possibility.
If you think there is a realistic probability of this happening any time soon, what are you doing on a message board? You should be prepping your apocalypse bunker.
Posted on 9/28/22 at 11:11 am to iAmBatman
quote:
it isn't
I agree with you
A lot of negative people here
This is not the end of the world
Posted on 9/28/22 at 2:03 pm to bod312
quote:
If you think there is a realistic probability of this happening any time soon, what are you doing on a message board? You should be prepping your apocalypse bunker.
Right now I'm in cash and energy. If it all collapses, I'll be int the bread line next to you.
Posted on 9/28/22 at 9:07 pm to Lone Wolf McQuade
Per Financial Times the reason why:
LINK
quote:
“At some point this morning I was worried this was the beginning of the end,” said a senior London-based banker, adding that at one point on Wednesday morning there were no buyers of long-dated UK gilts. “It was not quite a Lehman moment. But it got close.”
quote:
“If there was no intervention today, gilt yields could have gone up to 7-8 per cent from 4.5 per cent this morning and in that situation around 90 per cent of UK pension funds would have run out of collateral,” said Kerrin Rosenberg, Cardano Investment chief executive. “They would have been wiped out.”
LINK
Posted on 9/28/22 at 9:43 pm to DabosDynasty
Yep. There was a reason they had to change course.
No it’s not the end of the world but things are in very bad shape.
No it’s not the end of the world but things are in very bad shape.
Posted on 9/28/22 at 9:54 pm to Lone Wolf McQuade
Agree not the end of the world, but concerned. To almost have a Lehman moment and your snap correction makes the current problem you were trying to solve worse is a bit concerning. And this is just Great Britain. Who knows how our own seemingly infinitely bigger issues unfold.
Just further credence to them being dead wrong or flat lying yet again. Inflation wasn’t transitory. We are in a recession. The is no soft landing. To me this is a stark warning sign to us.
Just further credence to them being dead wrong or flat lying yet again. Inflation wasn’t transitory. We are in a recession. The is no soft landing. To me this is a stark warning sign to us.
Posted on 9/29/22 at 10:37 am to tiggerthetooth
quote:
Can someone explain to me how a digital currency, especially a centralized version, would change the insane spending by politicians? I don't see how a digital currency changes any of our debt issues.
it doesn't but it gives more power to energy and communications companies. So follow the money.
Posted on 9/29/22 at 10:45 am to Lone Wolf McQuade
We are so fricked
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