Quote Originally Posted by Returnofrros View Post
There was an article I read but it blew my heid aff as I just didn't understand it.

Basically every world economy prints money and pays off it's debt at exactly the same time. Read to me like quantitive easing on steroids......just don't understand how that works......sounds straight from the Jeremy Corbyn book of economics but as I say I didn't really understand it.

I do think the 1st emergency budget will also cover all emergency exits for the vast majority of people there will be no escape, for the super wealthy there always is secret tunnels and escape routes.

They won't want northern rock style queues forming either so maybe there will be a period of limited daily cash withdrawals as well.
There's a fable about a potential guest at a hotel wanting to reserve a room with £100 deposit. Hotel owner takes the £100 and pay his food bill, food supplier takes the £100 and pays his newspaper supplier who he uses to advertise, newspaper pays his professional companion with whom he has an illicit liaison but because of the longevity of the relationship she had been giving him some time to pay, she takes the money and pays the hotelier for the short term hires of his rooms to carry on her business. Tourist comes back, doesn't take the room and gets his deposit back. Quantitative easing, everyone gets paid but nobody has any money!

We should be much more concerned about the financial problems. It isn't going to be something that we can ignore and getting people back to work needs to have much more consideration.