Forum | And pigs might fly... by BanksterDebtSlave

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And pigs might fly... 15:59 - Mar 17 with 399 views

https://www.theguardian.com/commentisfree/2022/mar/17/central-banks-humanity-fut

"First, raise interest rates substantially. Ultra-low interest rates have failed to boost investment — and, in any case, were never available to those who either needed to borrow money or wanted to borrow to do things society needed. All ultra-low rates did was to boost house prices, share prices, inequality and all those things that divide society.

But, second, this must be done in concert with a massive central bank-supportedÂ green public investment drive. Naturally, raising interest rates will not boost investment, even if it is true that next to zero interest rates also did little to help investment. To escape the low-investment quagmire, the central bank should announce a new type of quantitative easing: it should stop financing the financiers and, instead, promise to stand behind (by buying, if needs be) public green bonds that raise funds to the tune of 5% of national income annually — a sum that will be invested directly into the green transition, giving society a fighting chance to do what it must to stabilise the climate.

Third, extend the same public finance model (that is, getting the central bank to stand behind public bonds) to invest in social housing and care."

There's a clue at the end of the first idea as to why it won't happen.

[Post edited 17 Mar 2022 16:58]

	"They break our legs and tell us to be grateful when they offer us crutches."
Poll:	If he goes will he still be Super?

And pigs might fly... on 16:19 - Mar 17 with 333 views

J2BLUE

Do you regret not buying a property now?

	Truly impaired.
Poll:	Will you buying a Super Blues membership?

And pigs might fly... on 16:57 - Mar 17 with 297 views

BanksterDebtSlave

And pigs might fly... on 16:19 - Mar 17 by J2BLUE
Do you regret not buying a property now?

We never found one we wanted to live in that we could afford, so no.

	"They break our legs and tell us to be grateful when they offer us crutches."
Poll:	If he goes will he still be Super?

And pigs might fly... on 17:00 - Mar 17 with 283 views

J2BLUE

And pigs might fly... on 16:57 - Mar 17 by BanksterDebtSlave
We never found one we wanted to live in that we could afford, so no.

My apologies, I thought you didn't buy out of principle.

	Truly impaired.
Poll:	Will you buying a Super Blues membership?

And pigs might fly... on 17:08 - Mar 17 with 276 views

BanksterDebtSlave

And pigs might fly... on 17:00 - Mar 17 by J2BLUE
My apologies, I thought you didn't buy out of principle.

We wouldn't buy to let out of principle although it's all degrees of how far you have to migrate from your ideals at the end of the day and thus the extent to which you perpetuate the madness.

	"They break our legs and tell us to be grateful when they offer us crutches."
Poll:	If he goes will he still be Super?

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