Article

2014-03-12 Economy

Bank of England proving there IS such a thing as a free lunch

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Anguper Hupomosing9418 2014-03-12 08:43|| || Front Page|| [2 views ] Top

#1 private losses of the financial industry

Engaging in speculation (ie gambling). When the music stops and you're caught out of the seat, you get your managers working in the Fed and Treasury to inflate the overall economy (quantitative easing) to cover the losses on all the paper you are holding. As your losses float to zero, the public picks up the 'tax' in the increase of common goods (ie food, gas, etc). It's fun when you can use other people's money to gamble with - heads I win, tails I win.

Posted by Procopius2k 2014-03-12 10:40|| 2014-03-12 10:40|| Front Page Top

23:39 JosephMendiola
23:39 Redneck Jim
23:31 JosephMendiola
23:25 Anguper Hupomosing9418
23:16 Redneck Jim
23:14 Redneck Jim
22:58 Shipman
22:54 Shipman
22:52 Procopius2k
22:32 Zenobia Floger6220
21:37 swksvolFF
20:53 lord garth
20:48 Lone Ranger
20:45 Omavising Ebbemp9815
20:37 SteveS
20:36 ed in texas
20:20 lord garth
20:19 Deacon Blues
20:14 JosephMendiola
19:58 Alaska Paul
19:56 Alaska Paul
19:54 Alaska Paul
19:50 Jumbo Uliling8650
19:32 Omavising Ebbemp9815