Billions of pounds

World monetary system and you!

I think there is a giant money tree in the garden of 11 Downing Street - the question is how do I get a cutting??

And there was Theresa saying that there was not a money tree....

You ladies have all missed something underhanded which has gone on under our noses for years.

The Government quietly introduced two pension hikes to affect women born after 1953 that went unopposed because no one outside of Parliament knew what they were doing!

For me, not getting my pension in 2014 and having to wait to November 2020, has lost me £48k worth of pension that I would have received had I retired aged 60!

Now multiply £48k by the estimated 3.8 million women similarly affected,and you can see that the Government withheld our pensions (paid in good faith by us AND by our employers) in the name of "equality"!

In an Express article By JON ROGERS, dated 16:42, Sun, Jun 11, 2017 the following report:

Claims George Osborne that the pension changes would “deliver dignity in retirement” have been thrown into doubt after newly unearthed footage reveals the former Chancellor might have had other motives.

“The new system means that, at last, people will have certainty in what they can expect from the state in old age and for many women and the self-employed, it will be more generous.”
NOT IF THEY DON’T INFORM YOU HOW THEY CHANGED IT!

He added: “These changes you see today are what a modern, compassionate Conservative government is all about.
LAUGHABLE – WHAT COMPASSION? IT’S ABOUT SAVING MONEY!

“They are absolutely enormous savings and they enable you to go on providing a decent retirement income. So you’re not necessarily reducing the entitlement of people who are retired you’re just increasing the age when that entitlement kicks in.”

“I’ve found it one of the less controversial things we’ve done and probably saved more money than anything else we’ve done.”
THEY HOPED THAT WE WOULD DIE BEFORE WE WERE ABLE TO CLAIM OUR PENSIONS.

Even though its costing much more to buy all extra cleaning items& raising water bills(&heating water) all extra costs for the elderly,&disabled too.and families relying on working tax credits.

It's going to be paid for with increased taxation when this is eventually over.
No, they haven't been sitting on huge sums of money, the last Labour government left us pretty much bankrupt ? Which is why we had to have austerity measures ?

I don’t understand! If that’s the case, why have we been through a horrible recession because we needed to find the money that apparently the Labour Party used up?

Because the tories were bl**dy LYING to us.

It's a good lie because it enabled them to cut public spending (with the disastrous results we're seeing in the NHS now) and sell off as much as they possibly could to private enterprises (their donors).

It also meant that the economy took much longer to come out of recession than it needed to have done because cuts to public spending meant there was less money circulating. People employed in public services lost their jobs, private firms which supplied public services (and everything used in a public service is bought from private enterprises) lost customers (therefore losing money).Less money, smaller economy...

Ultimately, it really doesn't matter where the money comes from, state or private. It's the fact that it's there and circulating in the economy that is important.

Here's one economist's take on 'austerity'

mainlymacro.blogspot.com/2020/04/ 'Who still thinks austerity was a good idea?'

Theres already worry on the disability& benefits website as theyve changed the universal credit payments,upping by £20(per wk,i think) but NOT the E.S.A ,nor tax credits.

I heard a discussion on the radio about this. The ‘expert’ said that “The Bank of England will print more money.” I did not hear how that would work but, I suppose, that, as all the Western countries will be in a similar situation, it will be something for the IMF.

I'm sure I read somewhere they are using the billions that was put aside in case of a war.

But MaizieD,they said,when it started,that chancellor was giving companies& businesses 'loans' so will have to be repaid?

I thought they was spending the pension fund what we been ripped off.

They cant just keep on upping and upping the retirement age,or else all the workforce is going to be full of VERY very old people and most would likely die before they can even retire..?what do gov't think uk citizens are,packhorses?

I agree TATT the poor and vulnerable will indeed suffer. I can see another long season of austerity and cutbacks ahead of us when we get back to “normal”

The value of our money has absolutely no connection at all with our gold reserves, Volunteer77. Gold reserves were important in the days when our currency was on the gold standard, i.e. backed by our reserves of gold (and silver). This restricted the amount of 'money' that could be issued without devaluing it. Extra 'gold' to expand our money supply had to be earned from exports. 'Borrowing' was either from other countries' gold reserves or the issue of government bonds. But the gold standard was abandoned in 1972. This completely altered the way that our national economy can be run. No need to 'borrow' from anyone though selling bonds (which is a form of borrowing) is useful to the government and to savers. It's a good safe investment which gives a reliable income and guaranteed repayment at 'term'.

The risk of hyperinflation arises if there is nothing, or very little, for people (or the government) to buy. That is not the case in the UK at the moment.

The money injection is desperately needed because suddenly people find themselves with no jobs and their employers with no money to pay them with! Look on it as 'replacement' money. We need it to keep the economy ticking over. It won't have to be 'repaid'.

Gosh i feel better now ive ranted!?

There should be a ban on buying from china anyway- weve no real idea how its transporting or how long the virus really lasts on items.be safer and also it'd make china more careful in future! & get rid of the blooping markets.( there and here) everyone being able to touch all the goods..its a surefire way to spread every disease known to man..or unknown,as CV was...?

Money is just printed paper. It is what it stands for thats valuable.
Just keep printing......

I've been thinking abou this a lot, Tanith , and as we well know there is no such thing as a free lunch. I fear our children and grandchildren will have to work to a much greater age than we are. What else can be done? If the government don't support businesses large and small there will be an economic crisis like nothing we have ever experienced. I don't suppose life will be easy when it returns to whatever normal might be, but I do believe that what has been done is the best of a very bad situation. Fire fighting is not the best economic course to follow, but this is what governments all over the world have been faced with; decisions needing to be taken in hours that in reality should be considered over a much longer period - but it hasn't been possible. Some of those decisions will undoubteldy turn out to have been wrong but I hope that it can be accepted that everyone did their best with the information and resources available

Nanan2 my feelings exactly

Well i think we should all bl**dy well object to the MP's getting extra.they arent handing EVERYONE an extra 10k to work from home are they??? We should start a petition against that! The only 1 who deserves it is poor Boris!

I don’t understand! If that’s the case, why have we been through a horrible recession because we needed to find the money that apparently the Labour Party used up?

Whatever the outcome we can be certain, as always, that the poor and vulnerable will suffer most.

Several contributers have suggested that the solution is to print more money literally or by computer adjustments. This will only hasten a rapid devaluation of the pound as happened to the currency in Zimbabwe albeit for different reasons. Yes, there will be a debt to be repaid but perhaps it is wise to remember that the UK is the 5th or 6th strongest economy and that the debt incurred by the country through the Second World War was not cleared until 2006 but the country never went bankrupt. Competent stewardship of the economy will prevail under Sunak

So is leaving EU delayed for now then,till the CV crisis is over? Or did they do it anyway& i didnt notice cause of this crisis?