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Printing more money to solve the economic problems Watch

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    The UK government should just print Euros. Loads of them. Just don't tell anyone.

    That will cause massive inflation in mainland Europe and the Pound will settle back to a strong position.
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    I think that wars have been fought over things like that before.
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    (Original post by MnWhCntBMvd)
    The UK government should just print Euros. Loads of them. Just don't tell anyone.

    That will cause massive inflation in mainland Europe and the Pound will settle back to a strong position.
    That will just mean that both are in a **** position.
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    (Original post by MnWhCntBMvd)
    The UK government should just print Euros. Loads of them. Just don't tell anyone.

    That will cause massive inflation in mainland Europe and the Pound will settle back to a strong position.
    This sounds great
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    If Europe can't afford to buy anything from the UK then the UK economny will suffer because our exports would slow down. It makes sense to keep the euro within reach of the pound.

    P.S. this is also the reason why the bank of england stocks about 5,134 tonnes of gold. Gold is reliantly stable at holding value regardless of whatever is happening, wars, political conflict, natual disasters, someone printing a load of fake money, the gold will still hold value. However the euro is not backed by gold, so technically you could mess it up a lot by printing a load of euros.
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    We should all just start again and print money for everyone so we can solve poverty and all be happyyyyy
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    (Original post by rm715)
    We should all just start again and print money for everyone so we can solve poverty and all be happyyyyy
    The last time the goverment tried printing money and giving it the poor they ended making the poor, even poorer and worsening a recession. Its a great idea if done properly but umm who would expect the british goverment to get something right?
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    Sigh . . .
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    9 posts in, up pops an Economist to point out that the UK doesn't/can't print Euros (could try counterfeiting but that'd be an act of war) :gah:

    (Original post by Jonsmith98)
    the bank of england stocks about 5,134 tonnes of gold
    How much of that do you think belongs to HM Treasury

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    Clue: not much, thanks to Labour's myopia/economic illiteracy e.g. the New Labour **** Gordon Brown

    Gold is reliantly stable at holding value regardless of whatever is happening, wars, political conflict, natural disasters, someone printing a load of fake money, the gold will still hold value
    It's a hedge asset. Very long term trend is fairly stable but it has its volatile moments (less stochastic than silver, and no VAT to pay, mind) :scrooge:

    However the euro is not backed by gold
    Greenspan is now calling for a return to the gold standard, incidentally. Soros et al. are hot for gold, can see a fair few going long on it
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    we should all get a printer (i recommend the canon one) and print pound notes to end poverty you know
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    (Original post by Jonsmith98)
    If Europe can't afford to buy anything from the UK then the UK economny will suffer because our exports would slow down. It makes sense to keep the euro within reach of the pound.

    P.S. this is also the reason why the bank of england stocks about 5,134 tonnes of gold. Gold is reliantly stable at holding value regardless of whatever is happening, wars, political conflict, natual disasters, someone printing a load of fake money, the gold will still hold value. However the euro is not backed by gold, so technically you could mess it up a lot by printing a load of euros.
    Well ok print just the right amount to keep holiday makers and exporters happy.
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    (Original post by ihatePE)
    we should all get a printer (i recommend the canon one) and print pound notes to end poverty you know
    Hp > Canon

    You heard it here first
 
 
 
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