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Free Money

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    Free Money

    Near as dammit

    Coronavirus: UK interest rates slashed again in emergency move - BBC News

    0.1%
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

    #2
    It's going to be even more free when the absolute unqualified numpties start printing it en-mass too.

    Comment


      #3
      Boris will be on the boob-tube soon enough telling us what a strong economy we have.
      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

      Comment


        #4
        think all this might lead to universal basic income... helicopter money and hyperinflation.
        and the rich, not the ultra rich, the rich will finally hate to start doing productive work or find a new way of sponging on the masses.
        Interesting times...

        Comment


          #5
          If only there was a new currency with no possibility of new unit creation and steady rate of deflation
          "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

          Comment


            #6
            Originally posted by GigiBronz View Post
            think all this might lead to universal basic income... helicopter money and hyperinflation.
            and the rich, not the ultra rich, the rich will finally hate to start doing productive work or find a new way of sponging on the masses.
            Interesting times...
            That's what DWP Universal Credit is supposed to do. Give the bare minimum to exist on, then anything you earn has a sliding scale effect on how much UC support you get. IIRC I think for every squid you earn above what they define as minimum you lose 63p of UC so you are supposedly 37p better off once you earn over the threshold. Supposed to encourage people to get work as they will be better off.

            Comment


              #7
              Time to pay off any debts you have. It ain't going to stay low forever.
              …Maybe we ain’t that young anymore

              Comment


                #8
                Like how Bitcoin is surging on all this new money creation advertised by the central banks either side of the Atlantic.
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                Comment


                  #9
                  Originally posted by WTFH View Post
                  Time to pay off any debts you have. It ain't going to stay low forever.
                  ^^ This.

                  Sound advice. Rarely heeded.
                  ---

                  Former member of IPSE.


                  ---
                  Many a mickle makes a muckle.

                  ---

                  Comment


                    #10
                    Originally posted by wattaj View Post
                    ^^ This.

                    Sound advice. Rarely heeded.
                    I'm being daft here, but can you elaborate? Who's offering loans to the public at these rates ?

                    Comment

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