Cyprus-Forum.com

[Paphitis]

Yea, I know how it works,

the process of printing money itself creates inflation.

This is why central banks should be independent of government, otherwise you get a situation like Turkey with inflation running riot and without interest, you have fewer tools to control it.

they are independent, but the reality is, they also are not.

Central banks are formed by Government, but sipposedly independent and not influenced by Government.

The Chairman is often depicted as more powerful that the POTUS. Probably very true, but the POTUS has Nuclear Weapons.

Yes but Robinhood is advocating a solution to abolish the banks and make them "government agencies" or the government itself as a solution to solve the mortgage and inflation problem.

Basically what erdogan did and he was also well on his way to 0% interest rates.

the results are there for all to see, the people are in pain and can barely afford to eat.

Oh yeh, and we all know where that ends.

That's gonna work real well...

Governments and financial policy just DO NOT MIX.

[Maximus]

Yea, I know how it works,

the process of printing money itself creates inflation.

This is why central banks should be independent of government, otherwise you get a situation like Turkey with inflation running riot and without interest, you have fewer tools to control it.

they are independent, but the reality is, they also are not.

Central banks are formed by Government, but sipposedly independent and not influenced by Government.

The Chairman is often depicted as more powerful that the POTUS. Probably very true, but the POTUS has Nuclear Weapons.

Yes but Robinhood is advocating a solution to abolish the banks and make them "government agencies" or the government itself as a solution to solve the mortgage and inflation problem.

Basically what erdogan did and he was also well on his way to 0% interest rates.

the results are there for all to see, the people are in pain and can barely afford to eat.

Oh yeh, and we all know where that ends.

That's gonna work real well...

Governments and financial policy just DO NOT MIX.

right, keep the government out and less control over money, products and services.

But people like Bordo want more government so they have something more to complain about in la la land.

They never learn.

[Robin Hood]

Yea, I know how it works,

the process of printing money itself creates inflation.

This is why central banks should be independent of government, otherwise you get a situation like Turkey with inflation running riot and without interest, you have fewer tools to control it.

they are independent, but the reality is, they also are not.

Central banks are formed by Government, but sipposedly independent and not influenced by Government.

The Chairman is often depicted as more powerful that the POTUS. Probably very true, but the POTUS has Nuclear Weapons.

Yes but Robinhood is advocating a solution to abolish the banks and make them "government agencies" or the government itself as a solution to solve the mortgage and inflation problem.

Basically what erdogan did and he was also well on his way to 0% interest rates.

the results are there for all to see, the people are in pain and can barely afford to eat.

All I suggest is cutting out the middle man! Why pay the banks interest when the BoE can create the same without interest.

Although a different scenario ....... a year ago the UK Govt was paying the private banks £82bn a year in interest for money the Banks got FROM the BoE for next to nothing! How smart is that?

I will leave Paphitis to explain that one to you!

[Lordo]

The pandemic finally exposed the Swine for what they are. They are simply robbing the poor and giving it to the rich and loading the debt on the poor too.

[Maximus]

Yea, I know how it works,

the process of printing money itself creates inflation.

This is why central banks should be independent of government, otherwise you get a situation like Turkey with inflation running riot and without interest, you have fewer tools to control it.

they are independent, but the reality is, they also are not.

Central banks are formed by Government, but sipposedly independent and not influenced by Government.

The Chairman is often depicted as more powerful that the POTUS. Probably very true, but the POTUS has Nuclear Weapons.

Yes but Robinhood is advocating a solution to abolish the banks and make them "government agencies" or the government itself as a solution to solve the mortgage and inflation problem.

Basically what erdogan did and he was also well on his way to 0% interest rates.

the results are there for all to see, the people are in pain and can barely afford to eat.

All I suggest is cutting out the middle man! Why pay the banks interest when the BoE can create the same without interest.

Although a different scenario ....... a year ago the UK Govt was paying the private banks £82bn a year in interest for money the Banks got FROM the BoE for next to nothing! How smart is that?

I will leave Paphitis to explain that one to you!

Thats not all you suggested doing but the government doesnt go to Barcley's, they go to the BoE and get "wholesale" prices.

The high street banks are there to act as distributors or retailers to service the minions. And they put a small margin on top to make a profit to stay in business. like every company providing a service should.

dont think you are saving much anyway by cutting out the high street banks and dont think it would be any cheaper if they weren't there. because the BoE would incur higher costs to replace them and. to deal with all the minions.

I think you are overlooking the fact that the BoE sets the interest rate, they dont "create it for nothing" or can make it for no interest. They might do that for some of the time but as the manufacturer of currency, they need to be paid as well. because money inst really "created from thin air". The paper costs, the ink costs, the printing press costs and the servers storing your digit on a screen cost money too and i could go on.

Now think about things more carefully and why money "created from thin air" actually exists.

[Lordo]

This idea that the government loans the house buyer without any interest payments is a fantastic idea. Not only will the mortgages be cheaper but it will drive rents down too. And if people can't pay their mortgage than government keeps the house and rents it as social housing so we can restore the social housing levels we had before the witch MilkSnatcher sold them off and kept the money by reducing payments to the Loacal Authorities back in the 80s.

In the meantime the government has to also set the house prices to be a reasonable proportion of average annual wage like 3 times.

With this we can return to civilised living again and stop the Swine from making a killing from property prices.

Property should not be investment it should be a home.

[Robin Hood]

Thats not all you suggested doing but the government doesnt go to Barcley's, they go to the BoE and get "wholesale" prices.

You clearly have no idea of how this works! The BoE does not create ''money' that goes into circulation, only private banks do that and do so from your local Branch right through to Head Office. Every bank has a hypothetical money tree growing in the back yard!

The high street banks are there to act as distributors or retailers to service the minions. And they put a small margin on top to make a profit to stay in business. like every company providing a service should.

Sorry .... you are wrong again! The high street bank is the depository (on paper) of your deposits, which are a LIABILITY to the bank. It arranges payments, deposits, direct debits etc. as well as topping up the ATM. As the issuer of private and small company loans it has the power by doing so, to create New Currency every time it grants credit (,,,every time it LENDS!) Their 'small margin' is what they can make in interest on credit accounts in negative figures and their various bank charges they make for their services. The BIG EARNER is the interest and DEBT is their primary source of income. Do you see where this is doing? Remove the debt and the banks lose virtually all their income!!!! Is it any wonder the Banks and these economic experts don't want to discuss this publicly on the TV?

I dont think you are saving much anyway by cutting out the high street banks and dont think it would be any cheaper if they weren't there. because the BoE would incur higher costs to replace them and. to deal with all the minions.

In case you hadn't noticed the local branches/ATM's are disappearing already as YOU/WE are being forced into on-line banking and plastic cards. (When they have eliminated all local branches and the need for ATM's they will will replace plastic cards with IMPLANTED CHIPS for security reasons, of course!)

I think you are overlooking the fact that the BoE sets the interest rate, they dont "create it for nothing" or can make it for no interest. They might do that for some of the time but as the manufacturer of currency, they need to be paid as well. because money inst really "created from thin air". The paper costs, the ink costs, the printing press costs and the servers storing your digit on a screen cost money too and i could go on.

You are confused! The BoE sets the base rate ...... I believe that is the Inter Bank Lending Rate? The Banks HQ will set the actual varying interest rates they apply in transactions. That is 'digital currency'! Paper IOU's (Bank notes and coins) are created by the BoE by government command (Treasury) and do so through the Royal Mint. Today that represents about 1% of the 'money' in circulation! The BoE then sells these at face value to the banks. Banks are not permitted to print paper currency IOU's.

Now think about things more carefully and why money "created from thin air" actually exists.

I suggest you take your own advice and do a bit of careful research. Better to know what you are talking about before advising others!

[Robin Hood]

This idea that the government loans the house buyer without any interest payments is a fantastic idea. Not only will the mortgages be cheaper but it will drive rents down too. And if people can't pay their mortgage than government keeps the house and rents it as social housing so we can restore the social housing levels we had before the witch MilkSnatcher sold them off and kept the money by reducing payments to the Loacal Authorities back in the 80s.

In the meantime the government has to also set the house prices to be a reasonable proportion of average annual wage like 3 times.

With this we can return to civilised living again and stop the Swine from making a killing from property prices.

Property should not be investment it should be a home.

I agree with you, although I believe setting house prices on a formula based on size and locality, would be more practical than basing it on income.

[Paphitis]

Oh the communist ideologues are out today in force.

It's like you bitches want to return back to the dark dinghy times of the Soviet Union.

Have you not been listening to your Billionaire poster boy, Putlar.

He is a Czarist and wants the old Ruzzian Empire, not the Soviet Union.

Gosh bitches, pay attention.

[Maximus]

Thats not all you suggested doing but the government doesnt go to Barcley's, they go to the BoE and get "wholesale" prices.

You clearly have no idea of how this works! The BoE does not create ''money' that goes into circulation, only private banks do that and do so from your local Branch right through to Head Office. Every bank has a hypothetical money tree growing in the back yard!

The high street banks are there to act as distributors or retailers to service the minions. And they put a small margin on top to make a profit to stay in business. like every company providing a service should.

Sorry .... you are wrong again! The high street bank is the depository (on paper) of your deposits, which are a LIABILITY to the bank. It arranges payments, deposits, direct debits etc. as well as topping up the ATM. As the issuer of private and small company loans it has the power by doing so, to create New Currency every time it grants credit (,,,every time it LENDS!) Their 'small margin' is what they can make in interest on credit accounts in negative figures and their various bank charges they make for their services. The BIG EARNER is the interest and DEBT is their primary source of income. Do you see where this is doing? Remove the debt and the banks lose virtually all their income!!!! Is it any wonder the Banks and these economic experts don't want to discuss this publicly on the TV?

I dont think you are saving much anyway by cutting out the high street banks and dont think it would be any cheaper if they weren't there. because the BoE would incur higher costs to replace them and. to deal with all the minions.

In case you hadn't noticed the local branches/ATM's are disappearing already as YOU/WE are being forced into on-line banking and plastic cards. (When they have eliminated all local branches and the need for ATM's they will will replace plastic cards with IMPLANTED CHIPS for security reasons, of course!)

I think you are overlooking the fact that the BoE sets the interest rate, they dont "create it for nothing" or can make it for no interest. They might do that for some of the time but as the manufacturer of currency, they need to be paid as well. because money inst really "created from thin air". The paper costs, the ink costs, the printing press costs and the servers storing your digit on a screen cost money too and i could go on.

You are confused! The BoE sets the base rate ...... I believe that is the Inter Bank Lending Rate? The Banks HQ will set the actual varying interest rates they apply in transactions. That is 'digital currency'! Paper IOU's (Bank notes and coins) are created by the BoE by government command (Treasury) and do so through the Royal Mint. Today that represents about 1% of the 'money' in circulation! The BoE then sells these at face value to the banks. Banks are not permitted to print paper currency IOU's.

Now think about things more carefully and why money "created from thin air" actually exists.

I suggest you take your own advice and do a bit of careful research. Better to know what you are talking about before advising others!

Its the central bank that has jurisdiction over the amount of notes and coins in circulation.

You clearly have limited idea about how this works. Just stop pretending you know something because you read a couple of books.

Now go back to the drawing board before posting silly solutions that will only work within the realms of the imagination.