#35

Just wanna say that I loved Football Manager 2013

#36

What monetary value would you ascribe to that love?

#37

played a lot of fm 2011 during the first weeks of lockdown. brilliant game - shoulda packed it all up then.

much like the economy.

#38

Not sure, think I nicked it from HMV when I worked there.

#39

@anon5266188 Get the lads on him

1 Like
#40

What I don’t get is that most of the big money (i.e. what the banks have, government debt, etc.) is all just zeros on a screen. It doesn’t exist. We’re never gonna stop and settle up, it’s just passing round abstract figures online.

4 Likes
#41

Exactly. It’s completely made up, it just needs everyone to collectively agree to stop fucking around.

5 Likes
#42

iF wE keEp bORrowIng TheY wIlL StoP LeNdiNg To uS

#43

reckon one guy looks at the big bank’s balance on the app or whatever every morning, and goes ‘yep, still got money, and we have x amount of money to lend and invest, let’s go to work’

2 Likes
#44

Remember Iceland had that referendum where they just decided to default on all their national debt?

What did the banks do? Lower their credit rating. FOR A BIT.

#45

Those international bailiffs and their big pints are coming

4 Likes
#46

leave the big pints out of this

2 Likes
#47

But before we stop bung some zeros on everyone’s bank account. If you’ve already got seven figures, no zeros, six figures you get one zero, down to those with like a £1 who get 6 zeros.

#48

Gotta look after those sweet, sweet zeros.

#49

image

#50

image
image680×680 45.6 KB

works for all flavours

6 Likes
#51

It’s hella bullshit, isn’t it?

#52

Do the IMF send the boys round to repossess some hospitals or roads or mountains or something?

2 Likes
#53

Kneecap the queen if we don’t pay up.

#54

^ as I understand it, the purpose is to increase the proportion of money in the overall economy to encourage spending in the same way as just “printing money” in the Zimbabwe or Weimar Republic sense, but instead of doing it to just pay the government’s bills, the buying of the govt bonds serves as a vehicle to encourage those who are getting the cash to reinvest it in less safe places, helping to kickstart the economy via private institutions.

Realistically, both will likely cause inflation to increase as you’re changing the balance of money -> resources (tangible or intangible) in the economy, but QE attempts to get around the long term impacts of devaluation via the promise of carefully reversing the process once the economy has recovered (selling the bonds back to the market eventually), theoretically making the markets less nervous about inflation and hopefully holding prices back a little more than simply money printing would do.

Whether this holds in truth is… well… :man_shrugging:

3 Likes