Can't we just print more money?

MarkR

I know, I know. You clever clogs will start harping on about devaluation. Here's the kicker....


We don't tell anyone! Print off another 6 billion this year and we're laughing.

senordingdong

Yeah!
Infact, why stop at 6 billion!?

Keep going untill we all have gold houses and rocket cars!

AskMyChocolate

Ehh.. No.

PanchoVilla

MarkR wrote: »

I know, I know. You clever clogs will start harping on about devaluation. Here's the kicker....


We don't tell anyone! Print off another 6 billion this year and we're laughing.

Yeah...I already asked the ECB, they told me to fúck off. I guess that's what happens when you give your country's sovereignty away to a foreign power, you end up having no say in how your economy is run. Blame the "Yes" crowd.

Lu Tze

PanchoVilla wrote: »

Yeah...I already asked the ECB, they told me to fúck off. I guess that's what happens when you give your country's sovereignty away to a foreign power, you end up having no say in how your economy is run. Blame the "Yes" crowd.

Indeed if it wasnt for the lisbon treaty house prices would still be going up and we would all be ok :mad:

Bloody EU intervention :mad:

K-9

MarkR wrote: »

I know, I know. You clever clogs will start harping on about devaluation. Here's the kicker....


We don't tell anyone! Print off another 6 billion this year and we're laughing.

They basically have done, I don't think people realise how much!

Our fate is already sealed – now stand by for the nuclear option | Irish Examiner

The Central Bank and ECB are ultra-secretive about the extent to which they have underwritten the finances of the state and our financial institutions. €40bn of NAMA bonds were transparent. The recapitalisation and deposit base of AIB and Bank of Ireland is less clear. Reports suggest ECB involvement of up to €260bn.

M5

PanchoVilla wrote: »

Yeah...I already asked the ECB, they told me to fúck off. I guess that's what happens when you give your country's sovereignty away to a foreign power, you end up having no say in how your economy is run. Blame the "Yes" crowd.

:rolleyes:

Angron

Ireland, for no obvious reason at all gets 6 billion euro richer, not suspicious at all really.

"It came from a long lost Nigerian prince I never knew I was related to, I swear!"

senordingdong

Denny M wrote: »

Ireland, for no obvious reason at all gets 6 billion euro richer, not suspicious at all really.

"It came from a long lost Nigerian prince I never knew I was related to, I swear!"

We won it on the horses.

Good enough for Bertie.

Good enough for the rest of us.

Princess Consuela Bananahammock

Isn't that what we did to get INTO the mess...?

RoyalMarine

Ikky Poo2 wrote: »

Isn't that what we did to get INTO the mess...?

no... we elected FF which got us into this mess.

gurramok

INTO..bloody over paid teachers :mad:

senordingdong

Ah here...I hate INTO as much as anyone.

But they're hardly to blame.

jdivision

Reminds me of this - about 1:45 into it

http://www.youtube.com/watch?v=WHTNTptUEe8

phill106

Has anyone checked down the back of the couch? Maybe 6 billion fell down there?

astra2000

RoyalMarineComm wrote: »

no... we elected FF which got us into this mess.

Whats this we business pale face?:)

Angron

phill106 wrote: »

Has anyone checked down the back of the couch? Maybe 6 billion fell down there?

I just found an IOU from Zimbabwe.

topper75

The OP is a genius - there is even a precedent for it in the bible:

Says our Lord to the apostles: "Chop the fish and bread up into tiny tiny pieces. That way, everyone gets fed".

- ahm - some chapter or verse of some book.

topper75

astra2000 wrote: »

Whats this we business pale face?:)

Quite right there astra2000, no government is legit unless they have been voted in by absolutely everybody.:D

bnt

The technical term for "printing money" is Quantitative Easing - and the USA did exactly that this week, to the tune of $600 billion. If you see QE2 in the US news this week, it's not in reference to Hew Majesty next door.

However, there are downsides to QE that can be summed up in one word: Inflation. The Fed in the USA wants some inflation to kick-start the economy. (If you know something's going to be more expensive next year, you're more likely to buy it this year.) However, the Fed seems to have overlooked the fact that the USA has more than one inflation rate. The wholesale costs of food in particular have increased a lot in the last few months, despite the recession.

ejmaztec

Ireland would have to borrow money to buy ink and paper, so it's a no go. We could all do our bit, and in my case hope that the guy in the shop doesn't see the blank side of the €50 until I'm long gone.

Princess Peach

Yeah print more money, good idea.

Cause that worked so well for post World War 1 Germany!

(Yes I'm smart)

Brendog

MarkR wrote: »

I know, I know. You clever clogs will start harping on about devaluation. Here's the kicker....


We don't tell anyone! Print off another 6 billion this year and we're laughing.

Just give us some of that internet money!

DominoDub

http://1.bp.blogspot.com/_4fVBL4fjrFI/SLmFRc4gwiI/AAAAAAAAAcE/hB22zvtEryo/s400/Zimbabwe_Inflation+(2).jpg

Sykk

http://en.wikipedia.org/wiki/Inflation

jackiebaron

MarkR wrote: »

I know, I know. You clever clogs will start harping on about devaluation. Here's the kicker....


We don't tell anyone! Print off another 6 billion this year and we're laughing.

Screw money, just shoplift.

Sauve

ejmaztec wrote: »

and in my case hope that the guy in the shop doesn't see the blank side of the €50 until I'm long gone.

This actually happened a couple of months back in the shop where I worked. With a €20.
We came in on a monday morning and found the one-sided note that the boss had found in the till, with a note stuck to it saying....."very funny girls, haha".
Thing is though, it was no joke. Of course we never told her that

Wertz

bnt wrote: »

The technical term for "printing money" is Quantitative Easing - and the USA did exactly that this week, to the tune of $600 billion. If you see QE2 in the US news this week, it's not in reference to Hew Majesty next door.

However, there are downsides to QE that can be summed up in one word: Inflation. The Fed in the USA wants some inflation to kick-start the economy. (If you know something's going to be more expensive next year, you're more likely to buy it this year.) However, the Fed seems to have overlooked the fact that the USA has more than one inflation rate. The wholesale costs of food in particular have increased a lot in the last few months, despite the recession.

Americans are buying their own long term bonds as well...most of it with printed money which is effectively printing money twice.

With $600 billion of new wealth don't you think we'd be able to tap them for a measly couple of billion....just till we get ourselves straight, like.

*rattles empty coffee cup across the Atlantic*

Peace

We can't print more money but we can make more cheese.

Sacred_git

2 countries in the world do this the states and china the reason they will never go bust, more inflation but they wont go bust, we are under eu law - ecb!

Celly Smunt

good idea! ill call mugabe now!