rabmc

All the problems with the credit crunch etc etc

Why cant they just print more money and sort everything out??

Gulp, i didnt have a answer lol

Hmm good idea

dom_xr3i

i thought the same but has it got something to do with inflation if they print more money?

KSA-Cossie

iTrader: (4)

Sounds a clever boy rab,he must be a hun.

fuzzy

if it was as easy as printing more and more it would devalue the currence to the point of worthlessness with inflation going through the roof.
mugabe in zimbabwe sent inflation to 100000% with the cash that previously bought you a house now buys you a loaf of bread

Iain Mac

The money in your pocket has no intrinsic value. The bit that is worth something is the "promise to pay the bearer" which used to be backed by cash and gold deposits at the Bank of England.

Then the rules were loosened and the banks didn't have to put the same deposits into the BoE so started borrowing from each other and here we are now.

muz

Printing more money causes Hyperinflation. Post WWI Weimar (SP) German government did it. Workers were collecting their wages 3times a day with a wheel barrow. No exageration. I think at one point the issued a 100 TRILLION Mark Note

dojj

iTrader: (3)

you can print more money, but it just means that tehre will be lots of omney sitting somewhere that no one can actually own

it's like your job, you earn x amount of money which you can get in cash eventually, but if you don't have it you can't get it

Graham S1

It is currently devaluating faster than ever, now quicker than the dollar. You can bet your last POUND that as soon as it hits Ł1 to 1Eu, bam, we'll be in the Euro! It's all going to plan rofl.

the original

is his name Karl Pilkington?

Andy_R

iTrader: (3)

very good!!!

Suppose its easy to see as having been engineered to create disorder, to bring about the collapse of the pound, before starting a fresh new system under the Euro.

KSA-Cossie

iTrader: (4)

Nice wee win and 3 points today too.

Jim Galbally

pretty sure they tech you this stuff in key stage 3 history

Rhys

As above

Lee Ivatt

iTrader: (1)

Nice to see the PF I.Q. hasn't droped below 50

Are you really that thick?

The government/banks cant just print more money, if that was legal/possible we'd all be doing it you tool

You cant just invent more wealth buy printing it

Ad4m RST

Nope even easier than that, just fling some numbers into the cycle electronically. Only 3% of the monetary cycle is physical cash. It's literally as easy as them ploughing some numbers into the economy but then wheres the drive for the masses, got bills to pay man! (this is retardedly simplified before I'm flamed)

Anyone who wants to know how BADLY they're taking the piss financially watch this....

http://video.google.com/videoplay?do...05277695921912

Rick

Simple way to think about it is there are still the same amounts of goods and services that all our money is chasing. If we print more money, it sends the price of these goods and services up as more people want them, and there isn't enough to go round - ie inflation.

Lee Ivatt

iTrader: (1)

you really dont get it do you

Lee Ivatt

iTrader: (1)

I fear your post may not register with some!

If the context dont confuse them at least the "BIG" words will

Rick

Get what? An understanding of basic economics?

Lee Ivatt

iTrader: (1)

you cant just print more money

Rick

No, you can't. Do you know why you can't?

Lee Ivatt

iTrader: (1)

Yes its called fraud!

pani_k

iTrader: (1)

Mate, instead of criticising everyone about what they are saying, why don't you try EXPLAINING rather than criticising. No need for that.

Lee Ivatt

iTrader: (1)

i just did, its called international fraud!

I dont know how u can possibly get a more simple explanation than that.

The bank/government printing more money is no different to you or I printing it in the shed at the bottom of the garden.

A countries wealth has to be earnt, you cant just print it out on paper notes! If that was the case there would be no world debt and no poor countries. infact if it was possible then "money" its self would have no value at all.

big_wig_074

pmsl,print more money?why?have we run out of bank notes?the problem is NOT a lack of money in the system as its the same physical amount of notes as there were before the problem (albeit with a few notes being made occasionally by the mint as per usual).its the VALUE of the money that is available that is the problem!
think of itin terms of an rs500.if ford just decided to make another 500000 of them after the initial 500 were made,do you think they would be worth the same in the market now?no....mass production of something tends to make something less rare,so less sought after,so less valuable.so printing more money would be a waste of time,if you print more,what do you want to do with it?pay people more?if thats the case then EVERYONE needs to be paid more!so the differential between rich and poor stays the same,the value of the pound plummets,bad times!

Jim Galbally

Lee Ivat, you are actually talking complete bollocks Please load up google, work out why, then come back before continuing the discussion

what Rick has said is CORRECT

dojj

iTrader: (3)

i think you are mistaken jim, what lee has said makes more sense

if the government were to simply just print more money, it owul dneed to be put into circulation, thus meansing more peole would be earning more money from the government and inflation would go through the zimbabwe cealing