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Post by OldStokie on Mar 22, 2020 10:01:02 GMT
The banks are now printing money backed by nothing. Thin air. Being a massive sceptic, I could see this virus being a smokescreen for a new global financial system. Money backed by debt obviously didn’t work. Printing a trillion dollars a day indefinitely will be an interesting one. The banks have been doing this since forever and a day. The only valid currency that exists is that which says, "The Bank of England promises to pay on demand..." That accounts for just 3% of currency in the UK. The rest is made up money, created on paper by banks and global institutions. That's why we had the financial crash. When push came to shove, that made up money vanished overnight and the Capitalist system came crashing down. Paradoxically, those Capitalists then turned to The State to bail them out using the socialist ideology... ergo the ordinary working people were asked to contribute collectively to save them by deliberately making themselves poorer for the greater good of society. Printing money will cause inflation without production matching demand. There is a way to stem inflation. Those trillions of government backed bonds stashed away in offshore accounts could be made available to governments in the form of interest free collateral, therefore freeing up real banks to pump real money into the economy without inflationary pressure. It's not rocket science. That top 1% will need to be altruistic for it to work. I doubt the greedy bastards will do that though. Well, not until we become bankrupt as a country and those government backed bonds are in danger of becoming worthless. The other way is to drastically cut the cost of production by massive austerity measures. But there's a problem with that too. If people become paupers overnight then anarchy will spread like wildfire. Paupers have nothing to lose when they're on their arses and see no way out other than to take over the world by force. It's happened before in the form of revolution in many countries. Dominic Cummings has every right to be scared. He'll be one of the first for the guillotine. OS. |
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Post by henry on Mar 22, 2020 10:01:40 GMT
The pub at the bottom of our road was open last night, I had my suspicions, talking to my neighbour who was nursing a hangover this morning confirmed it, a severe lockdown is coming fast as people cannot behave .. It's staggering that some people would still go to a pub rather than stay at home. Any pubs flouting the ban should not receive the bail out money and the landlords evicted. |
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Post by zerps on Mar 22, 2020 10:02:10 GMT
Great interview with Stephen Fry on Marr about the mental aspects of dealing with the crisis as a wall of terror is thrown at us minute by minute. Let time take on a new dimension, do nothing in a hurry and blank anyone who claims to have some inside line, it's almost always nonsense. Constant rumours that the army are mobilising to police the streets by utter morons too. |
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Post by elystokie on Mar 22, 2020 10:02:28 GMT
The pub at the bottom of our road was open last night, I had my suspicions, talking to my neighbour who was nursing a hangover this morning confirmed it, a severe lockdown is coming fast as people cannot behave .. A week ago in Barcelona pretty much everything was shutting down, bars, restaurants, tourist attractions, the underground was virtually deserted, La Rambla nowhere near as busy as usual, on the Sunday it was how you'd imagine an apocalyptic world to look, hardly any cars or people. In the week since we've been back, aside from the panic buying most people have gone about their lives as normal, it's incredible. I'm wondering why so many took the fingers in the ear and "lalala" approach, I just don't get it. |
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Post by zerps on Mar 22, 2020 10:04:21 GMT
The banks are now printing money backed by nothing. Thin air. Being a massive sceptic, I could see this virus being a smokescreen for a new global financial system. Money backed by debt obviously didn’t work. Printing a trillion dollars a day indefinitely will be an interesting one. The banks have been doing this since forever and a day. The only valid currency that exists is that which says, "The Bank of England promises to pay on demand..." That accounts for just 3% of currency in the UK. The rest is made up money, created on paper by banks and global institutions. That's why we had the financial crash. When push came to shove, that made up money vanished overnight and the Capitalist system came crashing down. Paradoxically, those Capitalists then turned to The State to bail them out using the socialist ideology... ergo the ordinary working people were asked to contribute collectively to save them by deliberately making themselves poorer for the greater good of society. Printing money will cause inflation without production matching demand. There is a way to stem inflation. Those trillions of government backed bonds stashed away in offshore accounts could be made available to governments in the form of interest free collateral, therefore freeing up real banks to pump real money into the economy without inflationary pressure. It's not rocket science. That top 1% will need to be altruistic for it to work. I doubt the greedy bastards will do that though. Well, not until we become bankrupt as a country and those government backed bonds are in danger of becoming worthless. The other way is to drastically cut the cost of production by massive austerity measures. But there's a problem with that too. If people become paupers overnight then anarchy will spread like wildfire. Paupers have nothing to lose when they're on their arses and see no way out other than to take over the world by force. It's happened before in the form of revolution in many countries. OS. It was once backed by gold then backed by debt mate. It’s no longer backed by debt. It’s practically worthless now. |
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Post by xchpotter on Mar 22, 2020 10:06:32 GMT
The pub at the bottom of our road was open last night, I had my suspicions, talking to my neighbour who was nursing a hangover this morning confirmed it, a severe lockdown is coming fast as people cannot behave .. Has to be doesn’t it. I’m all for freedoms, but we have huge waves of entitled, selfish twats who think things don’t apply to them (just look at the parking issue at home games as a classic example amongst us) and these are the first to express outrage when the bigger picture hits home. |
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Post by OldStokie on Mar 22, 2020 10:08:00 GMT
The banks have been doing this since forever and a day. The only valid currency that exists is that which says, "The Bank of England promises to pay on demand..." That accounts for just 3% of currency in the UK. The rest is made up money, created on paper by banks and global institutions. That's why we had the financial crash. When push came to shove, that made up money vanished overnight and the Capitalist system came crashing down. Paradoxically, those Capitalists then turned to The State to bail them out using the socialist ideology... ergo the ordinary working people were asked to contribute collectively to save them by deliberately making themselves poorer for the greater good of society. Printing money will cause inflation without production matching demand. There is a way to stem inflation. Those trillions of government backed bonds stashed away in offshore accounts could be made available to governments in the form of interest free collateral, therefore freeing up real banks to pump real money into the economy without inflationary pressure. It's not rocket science. That top 1% will need to be altruistic for it to work. I doubt the greedy bastards will do that though. Well, not until we become bankrupt as a country and those government backed bonds are in danger of becoming worthless. The other way is to drastically cut the cost of production by massive austerity measures. But there's a problem with that too. If people become paupers overnight then anarchy will spread like wildfire. Paupers have nothing to lose when they're on their arses and see no way out other than to take over the world by force. It's happened before in the form of revolution in many countries. OS. It was once backed by gold then backed by debt mate. It’s no longer backed by debt. It’s practically worthless now. Of course it's backed by debt! What the hell do you think government bonds are? OS. |
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Post by zerps on Mar 22, 2020 10:08:58 GMT
It was once backed by gold then backed by debt mate. It’s no longer backed by debt. It’s practically worthless now. Of course it's backed by debt! What the hell do you think government bonds are? OS. They’re printing 1tn dollars a day backed by debt? |
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Post by Deleted on Mar 22, 2020 10:12:54 GMT
The banks have been doing this since forever and a day. The only valid currency that exists is that which says, "The Bank of England promises to pay on demand..." That accounts for just 3% of currency in the UK. The rest is made up money, created on paper by banks and global institutions. That's why we had the financial crash. When push came to shove, that made up money vanished overnight and the Capitalist system came crashing down. Paradoxically, those Capitalists then turned to The State to bail them out using the socialist ideology... ergo the ordinary working people were asked to contribute collectively to save them by deliberately making themselves poorer for the greater good of society. Printing money will cause inflation without production matching demand. There is a way to stem inflation. Those trillions of government backed bonds stashed away in offshore accounts could be made available to governments in the form of interest free collateral, therefore freeing up real banks to pump real money into the economy without inflationary pressure. It's not rocket science. That top 1% will need to be altruistic for it to work. I doubt the greedy bastards will do that though. Well, not until we become bankrupt as a country and those government backed bonds are in danger of becoming worthless. The other way is to drastically cut the cost of production by massive austerity measures. But there's a problem with that too. If people become paupers overnight then anarchy will spread like wildfire. Paupers have nothing to lose when they're on their arses and see no way out other than to take over the world by force. It's happened before in the form of revolution in many countries. OS. It was once backed by gold then backed by debt mate. It’s no longer backed by debt. It’s practically worthless now. Of course, you’re both talking about cash though really. As we move to a cashless society, currency is practically becoming virtual which is why Bitcoin has risen sharply in value. |
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Post by maxplonk on Mar 22, 2020 10:14:02 GMT
Bloody hell www.thetimes.co.uk/article/coronavirus-ten-days-that-shook-britain-and-changed-the-nation-for-ever-spz6sc9vbAt the Sage meeting on March 12, a moment now dubbed the “Domoscene conversion”, Cummings changed his mind. In this “penny-drop moment”, he realised he had helped set a course for catastrophe.
By Friday, March 13, Cummings had become the most outspoken advocate of a tough crackdown. “Dominic himself had a conversion,” a senior Tory said. “He’s gone from ‘herd immunity and let the old people die’, to ‘let’s shut down the country and the economy.’”This probably won't get the MSM coverage it ought to  |
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Post by davejohnno1 on Mar 22, 2020 10:16:01 GMT
Bloody hell www.thetimes.co.uk/article/coronavirus-ten-days-that-shook-britain-and-changed-the-nation-for-ever-spz6sc9vbAt the Sage meeting on March 12, a moment now dubbed the “Domoscene conversion”, Cummings changed his mind. In this “penny-drop moment”, he realised he had helped set a course for catastrophe.
By Friday, March 13, Cummings had become the most outspoken advocate of a tough crackdown. “Dominic himself had a conversion,” a senior Tory said. “He’s gone from ‘herd immunity and let the old people die’, to ‘let’s shut down the country and the economy.’”This probably won't get the MSM coverage it ought to There is very little in the media, social or otherwise, that has been particularly helpful during the last couple of weeks. |
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Post by crouchpotato1 on Mar 22, 2020 10:18:33 GMT
I see the National Trust have closed everything now
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Post by followyoudown on Mar 22, 2020 10:25:20 GMT
Bloody hell www.thetimes.co.uk/article/coronavirus-ten-days-that-shook-britain-and-changed-the-nation-for-ever-spz6sc9vbAt the Sage meeting on March 12, a moment now dubbed the “Domoscene conversion”, Cummings changed his mind. In this “penny-drop moment”, he realised he had helped set a course for catastrophe.
By Friday, March 13, Cummings had become the most outspoken advocate of a tough crackdown. “Dominic himself had a conversion,” a senior Tory said. “He’s gone from ‘herd immunity and let the old people die’, to ‘let’s shut down the country and the economy.’”Extremely scary. You kind of hope that it isn't true but know deep down that you're probably fooling yourself. Herd immunity was never the policy, the move to extreme suppression was because the data showed hospitalisation / icu needs were 2x what was originally thought at the very first press conference we were told all these measures were likely at some point in time. The policy is driven by SAGE and the CMO / CSO and I will stick with them over any politician or advisor. |
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Post by Laughing Gravy on Mar 22, 2020 10:34:15 GMT
I see the National Trust have closed everything now They were overwhelmed with people driving to National Trust places to walk round. Ffs walk round near your house you useless twats. Even if it’s on a housing estate in the middle of a city just fucking walk. Calke Abbey near you has had to close. A place that is about 8-10 miles IN THE MIDDLE OF NOWHERE so you have to drive 8 miles in order to walk. We truly are a mental race. |
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Post by OldStokie on Mar 22, 2020 10:34:32 GMT
It was once backed by gold then backed by debt mate. It’s no longer backed by debt. It’s practically worthless now. Of course, you’re both talking about cash though really. As we move to a cashless society, currency is practically becoming virtual which is why Bitcoin has risen sharply in value. But virtual currency is not immune to crashing. Bitcoin has had massive troughs during its lifetime. It's much like gold. The only thing of real value is society. If people are guaranteed food in their bellies and a roof over their heads and care when we become ill then we will surive any financial problems. The latter is needed now with this virus. Collectively, with those three aforementions things in place and expert direction from those who truly understand the situation, we can overcome it. OS. |
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Post by werrington on Mar 22, 2020 10:37:57 GMT
I see the National Trust have closed everything now After they said it was open free of charge which led to them being rammed |
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Post by Gods on Mar 22, 2020 10:39:11 GMT
Extremely scary. You kind of hope that it isn't true but know deep down that you're probably fooling yourself. Herd immunity was never the policy, the move to extreme suppression was because the data showed hospitalisation / icu needs were 2x what was originally thought at the very first press conference we were told all these measures were likely at some point in time. The policy is driven by SAGE and the CMO / CSO and I will stick with them over any politician or advisor. Ministers were subsequently briefed not to utter the words 'herd immunity' so you never hear it in public anymore. It was never a strategy because it isn't a strategy its a possible outcome. It surely remains a desirable outcome even if the words can no longer be spoken. Without it I'm not sure what hope there is? |
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Post by sheikhmomo on Mar 22, 2020 10:40:16 GMT
Bloody hell www.thetimes.co.uk/article/coronavirus-ten-days-that-shook-britain-and-changed-the-nation-for-ever-spz6sc9vbAt the Sage meeting on March 12, a moment now dubbed the “Domoscene conversion”, Cummings changed his mind. In this “penny-drop moment”, he realised he had helped set a course for catastrophe.
By Friday, March 13, Cummings had become the most outspoken advocate of a tough crackdown. “Dominic himself had a conversion,” a senior Tory said. “He’s gone from ‘herd immunity and let the old people die’, to ‘let’s shut down the country and the economy.’”The rotten cunt and all who are influenced by him should be thrown into jail or at the very least removed from office by armed Police. |
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Post by Deleted on Mar 22, 2020 10:40:56 GMT
Of course, you’re both talking about cash though really. As we move to a cashless society, currency is practically becoming virtual which is why Bitcoin has risen sharply in value. But virtual currency is not immune to crashing. Bitcoin has had massive troughs during its lifetime. It's much like gold. The only thing of real value is society. If people are guaranteed food in their bellies and a roof over their heads and care when we become ill then we will surive any financial problems. The latter is needed now with this virus. Collectively, with those three aforementions things in place and expert direction from those who truly understand the situation, we can overcome it. OS. No, I know it’s not immune to crashing. I’m just making the point that because it’s not something tangible we are less likely to want to attribute an actual value to it. I held a new plastic £20 note in my hand last night and thought the same but if we saw one on the floor in the middle of street, our eyes would still light up with £ signs. |
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Post by zerps on Mar 22, 2020 10:53:53 GMT
Of course, you’re both talking about cash though really. As we move to a cashless society, currency is practically becoming virtual which is why Bitcoin has risen sharply in value. But virtual currency is not immune to crashing. Bitcoin has had massive troughs during its lifetime. It's much like gold. The only thing of real value is society. If people are guaranteed food in their bellies and a roof over their heads and care when we become ill then we will surive any financial problems. The latter is needed now with this virus. Collectively, with those three aforementions things in place and expert direction from those who truly understand the situation, we can overcome it. OS. Everything will go up and down in value. Cash is finished. Has bitcoin ever crashed or has it slowly been increasing in value since 2010? Depends which chart you look at. |
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Post by estrangedsonoffaye on Mar 22, 2020 11:05:21 GMT
Any truth in the blood group theory? It says if you're a 0 person you might have an advantage compared to the A-group. I looked at my military badge made of metal again and it says "0A". Bloody typical! There is no such blood group ... I've been wondering this myself musik, a Dr D'adamo and his son have been studying blood types and their effect on what we should eat for about 40 years, hopefully someone in power has at least considered this possibility. There are certainly different concentrations of different blood types in various parts of the world, I'd take a wild guess at Italy being predominately type A due to their diet. If it mutates tho, even if it (blood type) did initially make a difference it may not any more. Could you be O+? The study has not yet been peer reviewed to my knowledge and 206 people is a very low power study to make a definitive conclusion from. Italy has a lower proportion of A type than Germany goes as a population average so it doesn’t look like a smoking gun to me. |
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Post by followyoudown on Mar 22, 2020 11:10:50 GMT
Herd immunity was never the policy, the move to extreme suppression was because the data showed hospitalisation / icu needs were 2x what was originally thought at the very first press conference we were told all these measures were likely at some point in time. The policy is driven by SAGE and the CMO / CSO and I will stick with them over any politician or advisor. Ministers were subsequently briefed not to utter the words 'herd immunity' so you never hear it in public anymore. It was never a strategy because it isn't a strategy its a possible outcome. It surely remains a desirable outcome even if the words can no longer be spoken. Without it I'm not sure what hope there is? Correct and correct and immunity is obviously the preference its a matter of how long and if a vaccine can be found. Meanwhile I am sure plenty will be happy to crack on with the idea that the tories plan was to actually deliberately kill off their core vote....... |
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Post by maxplonk on Mar 22, 2020 11:17:03 GMT
I've been wondering this myself musik, a Dr D'adamo and his son have been studying blood types and their effect on what we should eat for about 40 years, hopefully someone in power has at least considered this possibility. There are certainly different concentrations of different blood types in various parts of the world, I'd take a wild guess at Italy being predominately type A due to their diet. If it mutates tho, even if it (blood type) did initially make a difference it may not any more. Could you be O+? The study has not yet been peer reviewed to my knowledge and 206 people is a very low power study to make a definitive conclusion from. Italy has a lower proportion of A type than Germany goes as a population average so it doesn’t look like a smoking gun to me. I think if there was anything behind this then the Chinese/SE Asians would have mentioned it already given the importance placed on blood type in that part of the world. |
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Post by elystokie on Mar 22, 2020 11:22:44 GMT
I've been wondering this myself musik, a Dr D'adamo and his son have been studying blood types and their effect on what we should eat for about 40 years, hopefully someone in power has at least considered this possibility. There are certainly different concentrations of different blood types in various parts of the world, I'd take a wild guess at Italy being predominately type A due to their diet. If it mutates tho, even if it (blood type) did initially make a difference it may not any more. Could you be O+? The study has not yet been peer reviewed to my knowledge and 206 people is a very low power study to make a definitive conclusion from. Italy has a lower proportion of A type than Germany goes as a population average so it doesn’t look like a smoking gun to me. I'm surprised by that, I'd have thought Germany would have been O dominant similar to us. Do you know if any other diseases are influenced by blood type? |
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Post by sheikhmomo on Mar 22, 2020 11:33:37 GMT
Ministers were subsequently briefed not to utter the words 'herd immunity' so you never hear it in public anymore. It was never a strategy because it isn't a strategy its a possible outcome. It surely remains a desirable outcome even if the words can no longer be spoken. Without it I'm not sure what hope there is? Correct and correct and immunity is obviously the preference its a matter of how long and if a vaccine can be found. Meanwhile I am sure plenty will be happy to crack on with the idea that the tories plan was to actually deliberately kill off their core vote....... I expect Cummings will be taking legal action then because if I was reported as saying that and I hadn't, I wouldn't rest until my name was cleared in a court of law. Over to you Dom, you massive fucking twat. |
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Post by bathstoke on Mar 22, 2020 11:36:25 GMT
Bloody hell www.thetimes.co.uk/article/coronavirus-ten-days-that-shook-britain-and-changed-the-nation-for-ever-spz6sc9vbAt the Sage meeting on March 12, a moment now dubbed the “Domoscene conversion”, Cummings changed his mind. In this “penny-drop moment”, he realised he had helped set a course for catastrophe.
By Friday, March 13, Cummings had become the most outspoken advocate of a tough crackdown. “Dominic himself had a conversion,” a senior Tory said. “He’s gone from ‘herd immunity and let the old people die’, to ‘let’s shut down the country and the economy.’”Shhhh, FollowYou says we should stop sniping you nasty remoaners🤫 |
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Post by sheikhmomo on Mar 22, 2020 11:36:38 GMT
Now a massive issue for Johnson and his judgement also
How the fuck is this not the lead item on all news outlets?
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Post by Deleted on Mar 22, 2020 11:52:08 GMT
Now a massive issue for Johnson and his judgement also How the fuck is this not the lead item on all news outlets? You know the answer fella so I won’t waste my time typing it. Cummings should be dismissed immediately, he’s a side show that’s not required at the moment..... |
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Post by FullerMagic on Mar 22, 2020 11:54:33 GMT
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Post by followyoudown on Mar 22, 2020 12:01:04 GMT
Correct and correct and immunity is obviously the preference its a matter of how long and if a vaccine can be found. Meanwhile I am sure plenty will be happy to crack on with the idea that the tories plan was to actually deliberately kill off their core vote....... I expect Cummings will be taking legal action then because if I was reported as saying that and I hadn't, I wouldn't rest until my name was cleared in a court of law. Over to you Dom, you massive fucking twat. The actual story from an anonymous source with an axe to grind no doubt basically appears to be that Cummings doesnt understand everything he has read not seen any suggestion that he has input into the government policy, he obviously didnt remember the adage be nice to the people you meet on the way up as you will meet them again on the way down. As for the court of law its a he said / she said situation no mention of witnesses. |
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