Now Britain Prints More Money!

• AndrewPKYap

  6 Mar 09, 17:54

   

  Originally posted by Shotgun:

  Seriously... abolish currency!! Everyone takes what they need only! And lynch all the rich people along with it!

   

  Originally posted by Man!x:

  Reintroduce barter trading.

  "hey you there, trade me your PS3 for 1000kg of fish, deal?"

   

  If it comes to that, and maybe it will come to that (with this current situation, anything is possible), world trade comes to as good as a complete halt, banks close because nobody trusts money and banks deal only in money; stock exchanges close down because stocks and shares are just another form of paper money.... etc etc...

   

   

   

• AndrewPKYap

  7 Mar 09, 02:23

  
  

  Looks like we are in a midst of WAR!!!! Economic, not military.

  
  

  In a military war people die. In an economic war people die... slowly....

  
  

   

   

• AndrewPKYap

  7 Mar 09, 02:40

  
  

  The Americans blame the Chinese for devaluing the Renminbi/not allowing the exchange rate of their currency to rise.

  
  

  Americans blame Asians. 

  
  

  It is like, you don't revalue your currency? We will print more US$ and British pounds and now lets see what you are going to do about it!

   

  Asians blame Americans. 

  
  

  Live within your means!

   

  We just sit idly by eating our popcorn, watching the movie while the cinema is about to collapse on us.

• AndrewPKYap

  7 Mar 09, 03:25

   

   

   

   

   

  The One Big Advice I Can Give You

   

   

   

   

   

   

• AndrewPKYap

  7 Mar 09, 09:08

   

  Economies set for $1,000bn boost as oil price falls

  By Ed Crooks and Javier Blas in London

  Published: March 6 2009 02:00 | Last updated: March 6 2009 02:00

  The fall in the oil price is set to give a $1,000bn stimulus to oil-importing countries this year, the head of the International Energy Agency has said, as he urged oil producers to think about their "mutual interest" with consumers.

  Nobuo Tanaka, executive director of the IEA, the rich countries' energy group, told the Financial Times that the boost to oil-consuming countries created by cheaper oil ranked alongside the largest of government stimulus packages.

  Members of Opec, the oil producers' group, meet in Vienna on March 15 to decide on production levels, with their economies battered by falling prices.

   

   

• AndrewPKYap

  7 Mar 09, 09:16

   

  First they print lots of paper money. They exchange the small pieces of paper with the arabs for oil. 

  Now they tell the arabs to think of the "greater good". After all the oil is transferred to them, "sayonara".

  As what Temasek and GIC has learnt too late, you must take their paper money and use it to build businesses, convert the money to real assets under your control and not lend it back to them and / or convert it to other forms of paper money like stocks and shares (in companies you do not control) and bonds.

   

• Worldlybusinessman

  7 Mar 09, 10:21

  Originally posted by AndrewPKYap:

   

  First they print lots of paper money. They exchange the small pieces of paper with the arabs for oil. 

  Now they tell the arabs to think of the "greater good". After all the oil is transferred to them, "sayonara".

  As what Temasek and GIC has learnt too late, you must take their paper money and use it to build businesses, convert the money to real assets under your control and not lend it back to them and / or convert it to other forms of paper money like stocks and shares (in companies you do not control) and bonds.

   

  yes, when u go money, jus spend it on real assets that u can use. If the value of the assets drop, they can still be used. Fine example is a car and house. When u have the cash, invest in a house or car. They may depreciate but they still are physical assets.

  The reason GIC and Temasek will not sell their assets to others is because of national security. One thing is buying banks is very comlicated. its a hit or miss thing.

• AndrewPKYap

  7 Mar 09, 10:33

  Originally posted by Worldlybusinessman:

  yes, when u go money, jus spend it on real assets that u can use. If the value of the assets drop, they can still be used. Fine example is a car and house. When u have the cash, invest in a house or car. They may depreciate but they still are physical assets.

  The reason GIC and Temasek will not sell their assets to others is because of national security. One thing is buying banks is very comlicated. its a hit or miss thing.

  
  

  The problem with buying properties in Singapore is, if your property loan interest rates hits 21%...

   

  The One Big Advice I Can Give You

   

  Therefore, no matter how, make sure that your HDB loan is from HDB and not the banks. HDB can't chase so many out that 100,000 families have to live in the streets, can they?

  
  

   

• AndrewPKYap

  7 Mar 09, 10:38

   

  BTW are Singaporeans allowed to get loans from HDB nowadays?

   

   

   

• AndrewPKYap

  7 Mar 09, 11:00

   

  THAT"S IT???!!!!

   

  

   

  Might as well print 1 trillion, and use the money to buy up everything in Asia, why stop at 150 billion pounds?

   

   

• xtreyier

  7 Mar 09, 12:13

  Originally posted by AndrewPKYap:

  
  

  What should people do when 

   

  NOW IS THE TIME TO GO INTO FULL PANIC MODE

   

  ?

  
  

  They should HOARD even more of course!!!! Except that you might not want to keep all the money you hoard in cash....

   

   

  If you dont have much... well it is not going to make too much diff. Otherwise have a good talk with a financial advisor... no, a few financial advisors ... and ask them what you should do if inflation, or worse, stagflation (more likely) goes sky high.

   

   You really are running around scared just like an irrational mouse. I find it highly amusing, because you did yourself in, if not for the seriousness of the situation.

  You have seen the effect to hoarding money, and now you want others to hoard other securities instead of money?!!!

  Buy gold and hoard by all means. US will be darn happy. You will be paying off their national debt. They have the largest hoard of gold after WWII, being paid by wrecked nations for their infrastructure reconstruction. It was on $58 per oz. Now its like $1000 per oz. You will save US and allow them to spend more.

  The only thing one should hoard and hide away is Uranium. Because when countries start hoarding their food and fuel stocks, IT WILL BE OUTRIGHT WAR by those who have not enough food and fuel!!!

  The only thing which really should be hoarded up is you and your kind who tell others to hoard - encased within a thick 3 metre concrete reinforced  walled room without windows and the keys thrown into the sea!

   

• Worldlybusinessman

  7 Mar 09, 14:04

  Originally posted by AndrewPKYap:

  
  

  The problem with buying properties in Singapore is, if your property loan interest rates hits 21%...

   

  The One Big Advice I Can Give You

   

  Therefore, no matter how, make sure that your HDB loan is from HDB and not the banks. HDB can't chase so many out that 100,000 families have to live in the streets, can they?

  
  

   

  Its the banks which cause the mortgage crisis. I never trusted banks in my life before.

  But i must say POSB is not bad..though interest is low, but money is still there.

• maxtor

  7 Mar 09, 15:10

  the term used is quantitative easing ... hahahaha. amazing how the concept of printing money can be made to sound so abstract and intelligent...

• AndrewPKYap

  7 Mar 09, 15:42

  Originally posted by xtreyier:

   You really are running around scared just like an irrational mouse. I find it highly amusing, because you did yourself in, if not for the seriousness of the situation.

  You have seen the effect to hoarding money, and now you want others to hoard other securities instead of money?!!!

  Buy gold and hoard by all means. US will be darn happy. You will be paying off their national debt. They have the largest hoard of gold after WWII, being paid by wrecked nations for their infrastructure reconstruction. It was on $58 per oz. Now its like $1000 per oz. You will save US and allow them to spend more.

  The only thing one should hoard and hide away is Uranium. Because when countries start hoarding their food and fuel stocks, IT WILL BE OUTRIGHT WAR by those who have not enough food and fuel!!!

  The only thing which really should be hoarded up is you and your kind who tell others to hoard - encased within a thick 3 metre concrete reinforced  walled room without windows and the keys thrown into the sea!

   

  
  

  Right, the one that tells people to spend was in a state of panic all along and the one that tells people to hoard their money had no idea how bad the situation was until now.

  For once you talk sense - I am thorougly amazed at your ability to analyze the situation - so now you can STFU.

  
  

   

  

• AndrewPKYap

  7 Mar 09, 16:06

  Originally posted by Worldlybusinessman:

  Its the banks which cause the mortgage crisis. I never trusted banks in my life before.

  But i must say POSB is not bad..though interest is low, but money is still there.

  
  

  Actually what "caused" the banks to go under is their relentless quest for profits outside of mom and pop banking.

  
  

  When you have in your hands so many billions that the company you control owns and so many billions people deposit with you, you start to feel like you are GOD!!!!

  
  

  You start to think how you can, as GOD, make more money with the depositors' money in ways more lucrative than lending the money to borrowers, what depositors gave you.

  
  

  Then you think up risky "products" that you think, you can control, the risks, with sophisticated algorithms running on super computers.

  
  

  So you expand and expand and suck in more and more money and you take on more and more risks to generate more and more profits.... until...

  
  

  What worked in the beginning stopped working!

  
  

  The risk spirals out of control. As Alan Greenspan puts it, "the computers did not take into account these parameters because humans did not input these parameters, and humans did not because.... in ther words, when what you put in is garbage, what the computer generates out, is superior, super computer generated garbage"

  
  

  Did I relate this before? MOF Singapore called for an open tender sometime back on "real-time" "risk analysis" "portfolio balancing" "worldwide online" "24/7 connected" software. Together with a Japanese MNC I put in a tender as well. (if you go to my website and click on "more info on the author" - you might be able to figure out which Japanese MNC, which has since changed name with a merger, it was. hahaha)

  
  

  E&Y if I remembered correctly put in a bid of $111 million.

  
  

  I dont remember what happened to the tender because it did not look as if we would have won it and I was busy partying in Bangkok.

  
  

  Anyway, when the risks the banks took went out of control, they started to bleed profusely and with the massive overheads of their global operations now with no income to sustain it, the double blow wiped them out.

  
  

  Right POSB. No way it could have been caught up with this. They are not "smart" enough to understand what was going on. All they know is, use the depositors money to lend to borrowers at a higher interest rate, that's all, and that is why they are safe.

  
  

   

• AndrewPKYap

  7 Mar 09, 16:16

  Originally posted by maxtor:

  the term used is quantitative easing ... hahahaha. amazing how the concept of printing money can be made to sound so abstract and intelligent...

   

  hahaha... I had to look up the term, google it, and what it means is, previously as a central bank, you ease by cutting interests rates but you do not know the impact, "the quantity", "the amount" that your interest rate cut generates.

   

  This is "quantitative" because you know the quantity. It is 150 billion pounds with 75 billion pounds to be printed immediately.

   

  What they are trying to say is that when they cut interest rates, it is "same as printing money" but the amount is "of an unknown quantity". 150 billion pounds, you know the quantity, it is 150 billion pounds and that is why they call it quantitative easing.

   

  But like you pointed out, it is just propaganda like CDO's and SDO's which was to put it simply, lending money like an ah long for higher interests rate to people that cannot afford to pay back the money.

• AndrewPKYap

  7 Mar 09, 16:25

  
  

  What they don't say of course is that in traditional easing, it is freeing up of funds locked away but in this case, it is printing more money, NEW MONEY (I would call it real countefeit money) that you can use to buy assets in Asia.

  
  

  Of course what they imply is that they will destroy the money once the economy recovers.... but if some other country does it, they will say: "You are not a first world democracy with transparency, press freedom, freedom of information act in your statutes and no one can trust you to destroy the money after you have printed it and therefore, your currency is no longer legal tender in foreign exchange markets.

  
  

  Overnight your currency drops to zero in the markets. As you can see, when THEY do it:

   

  THAT'S IT!

   

  

   

  The downslope bit at the end of the graph, that is it!

   

• AndrewPKYap

  8 Mar 09, 06:30

  
  

  So whats the difference when these people print money:

   

  

  
  

  and this these people print money?

   

  

   

  They can print all they want but

  1 Zimbabwean Dollar = 0 Singapore Dollar

  1,000,000 Zimbabwean Dollar = 1,000,000 x 0 Singapore Dollar

  
  

  1 British Pounds = 2.2  Singapore Dollar

  150 Billion British Pounds = 150 billion  x  2.2  Singapore Dollar

  The British just printed 330,000,000,000.00 Singapore dollars that they can use to buy you.

   

   

  So you say, fark the British Pounds! BUT the Americans do not mind taking it.

  So you don't want GBP when they want to buy you? No problem, they change to US$ first then buy you.

  
  

  So you don't want the US$?

  
  

  Your trade with the US and practically the rest of the world, (they accept US$, not S$), stops.

  
  

  FARKING 3rd World War

   

• AndrewPKYap

  9 Mar 09, 13:59

   

  Bank Of Italy Denies Saccomani's Remarks On ECB - Source

   

  ROME -(Dow Jones)- The Bank of Italy denied Friday that one of its senior officials had said the European Central Bank is considering buying government bonds.

  Earlier Friday, Bloomberg News reported that Fabrizio Saccomani, director-general of Italy's central bank, had suggested the ECB was "considering several options."

  He made the remarks when asked whether the ECB would follow the Bank of England, which Thursday announced a "quantitative easing" policy including the purchase of GBP75 billion in gilts and other securities.

  No such statement was made, a source at the Bank of Italy said.

  The ECB's statute prohibits the central bank from buying government bonds from member states directly, although purchases on the secondary market are allowed.

  -By Luca Di Leo, Dow Jones Newswires; +39-335 617 1960; [email protected]

   

   

   

• AndrewPKYap

  9 Mar 09, 14:01

  
  

  Is this going to be a "let's see who can fastest print the most"?

  
  

  
  

   

• AndrewPKYap

  11 Mar 09, 11:29

   

  Speaker Pelosi's Personal Airline?

  Tuesday, March 10, 2009

   Speaker Pelosi's multiple requests for military air travel. Transparency advocate Judicial Watch obtained internal documents by the Defense Department detailing attempts by its staff to accommodate Speaker Pelosi's numerous requests for military escorts and military aircraft, along with frequent last minute cancellations and changes costing taxpayers money. Other documents detail demands from Pelosi's people for certain aircraft.

   

  
  

  Why not? Need cash just print!!!!

• AndrewPKYap

  11 Mar 09, 12:16

   

  Pelosi open to second stimulus package

  CNN - ‎1 hour ago‎

  WASHINGTON (CNN) -- House Speaker Nancy Pelosi said Tuesday that another stimulus package might be needed to help the ailing economy.

  Speaker Pelosi's Personal Airline? FOXNews

  Economists: Stimulus Might Create Fewer US Jobs Than IntendedVoice of America

  HispanicBusiness.com  - ABC News  - Albuquerque Express  - Reuters

  all 222 news articles »

  
  

   

   

   Why not? Need cash just print!!!!

• angel7030

  11 Mar 09, 14:57

  Originally posted by AndrewPKYap:

   

  Pelosi open to second stimulus package

  CNN - ‎1 hour ago‎

  WASHINGTON (CNN) -- House Speaker Nancy Pelosi said Tuesday that another stimulus package might be needed to help the ailing economy.

  Speaker Pelosi's Personal Airline? FOXNews

  Economists: Stimulus Might Create Fewer US Jobs Than IntendedVoice of America

  HispanicBusiness.com  - ABC News  - Albuquerque Express  - Reuters

  all 222 news articles »

  
  

   

   

   Why not? Need cash just print!!!!

  Oops, sori, Uncle, just helping you to bump up your thread...ya...run...

• AndrewPKYap

  12 Mar 09, 13:27

   

  JAPAN Leading Thw Way?

   

  STOCKS and GDP down....

  "Japan Braces For 1st Back-To-Back GDP Slide In Postwar Era

  
  

  TOKYO (Nikkei)--The Japanese economy is widely expected to shrink by more than an annualized 10% in the January-March period, in what would be the first back-to-back double-digit contraction in the postwar era. "

  

   

  BUT

   

  USD against the JPY DOWN!

   

  

  wow USD down 2 Yen!!!!!

   

   

• angel7030

  12 Mar 09, 17:49

  Originally posted by AndrewPKYap:

   

  JAPAN Leading Thw Way?

   

  STOCKS and GDP down....

  "Japan Braces For 1st Back-To-Back GDP Slide In Postwar Era

  
  

  TOKYO (Nikkei)--The Japanese economy is widely expected to shrink by more than an annualized 10% in the January-March period, in what would be the first back-to-back double-digit contraction in the postwar era. "

  

   

  BUT

   

  USD against the JPY DOWN!

   

  

  wow USD down 2 Yen!!!!!

   

   

  
  Time for Japanese girls to put up more shows