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ATW's 3 point financial plan to save Britain

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    ATW's 3 point financial plan to save Britain

    Main objective: wipe out all debts - personal, corporate and Govt.

    Solution:

    1. Print lots of sterling notes - start with £10000 to save on paper costs.

    2. Repay all debts in sterling at the same time.

    3. Since value of sterling on exchange will rival that of Zimbabwe dollars, the only sensible thing would be to use the money to buy UK assets such as property etc.

    BOOMED!

    #2
    Originally posted by AtW View Post
    Main objective: wipe out all debts - personal, corporate and Govt.

    Solution:

    1. Print lots of sterling notes - start with £10000 to save on paper costs.

    2. Repay all debts in sterling at the same time.

    3. Since value of sterling on exchange will rival that of Zimbabwe dollars, the only sensible thing would be to use the money to buy UK assets such as property etc.

    BOOMED!
    Printing is a bit of an old fashioned solution isn't it? Gordon just has to utter a few magic words and then someone in a back room will type it in and the banks become awash with free cash

    Comment


      #3
      The snot goblin is way ahead of you.

      The sausage guzzlers tried it last century - we should check how it worked out for them.
      How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

      Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
      Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

      "We hang the petty thieves and appoint the great ones to high office" - Aesop

      Comment


        #4
        Originally posted by HairyArsedBloke View Post
        The snot goblin is way ahead of you.

        The sausage guzzlers tried it last century - we should check how it worked out for them.
        They're now a highly efficient prosperous nation and the second top exporting country in the world. Blimey, worked out rather well didn't it? (so long as we forget that bit with the comical figure sporting a moustache).
        Speaking gibberish on internet talkboards since last Michaelmas. Plus here on Twitter

        Comment


          #5
          Who could have guessed at the beginning of Labour's term that it would all end with the country bankrupt, immigration out of control and the printing presses working at full capacity?

          Comment


            #6
            Originally posted by TimberWolf View Post
            and the printing presses working at full capacity?
            I think, in all fairness, this was totally unpredictable.

            Comment


              #7
              Originally posted by AtW View Post
              I think, in all fairness, this was totally unpredictable.
              Of course not - it's totally out of character for them. Just because this is what happened every other time they have been in power doesn't mean we could have expected it this time.
              How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

              Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
              Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

              "We hang the petty thieves and appoint the great ones to high office" - Aesop

              Comment


                #8
                Originally posted by HairyArsedBloke View Post
                Just because this is what happened every other time they have been in power doesn't mean we could have expected it this time.
                Did they print money before? I know Nu Liebor crashed and burned economy, but I find that this one did it a very profoundly unique way that must be the record even for Nu Liebor.

                Comment


                  #9
                  Has it dawned on anyone with investments in the UK yet that the removal of indexation allowance when calculating Capital Gains Tax liability will mean a whole lot of tax will be generated simply by inflation?

                  It wouldn't be too bad in a low inflation environment but when asset values are increasing massively purely because of inflation people are going to go

                  Comment

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