But, the debt narrative is preventing the possibility of investment programmes at the scale that we need, and so in this video I explain how we can use the ideas in green QE to re-orientate those savings towards productive use, and so to fund the Green New Deal.
The proposal is pretty dramatic. What I suggest is that by getting people to own the debt, quite literally, we completely change the narrative, and turn what is at present an obstacle into an opportunity to unleash the potential within the economy to deliver the good that we need.
So, QE. In order to beat the problem of all that money speculating we should….
We should issue NS&I bonds at 1% and people will flock to buy them, then we use the money to invest!
Sigh.
The reason the Bank of England currently owns £800 billion of 1% bonds is because no other fucker wants to buy them……
The solution is obvs. The govt should tax everyone £1,000 and then gift them 1% bonds with a nominal value of £1,000.
What could be simpler? There you are – Spudonomics had won a convert.
Spud has a mortgage free house. Why doesn’t he release some equity and invest in a green start up? Put his money where his fat mouth is?
‘wants to buy them’
Who said anything about ‘wants’. You will buy them. For the good of the state.
Murphy has shown himself as a person who is perfectly fine having people shot of they do not submit.
Grody little fascist that he is.
Talking of green new deals and building back better, I had 3 emails this afternoon from the World Economic Forum, which appears to be having some sort of online forum where globalists talk about their plans to stamp on your neck while taking your money.
1 – A release promoting some blather from António Guterres, Secretary-General of the United Nations: “Human activities are at the root of our descent toward chaos. But that means human action can help to solve it … Now is the time to transform humankind’s relationship with the natural world and each other. And we must do so together” – transl: it’s your fault, so hand over your money, peasants!
2 – “It makes it extremely problematic to address a public health crisis when you’re in the middle of divisiveness in the country,” Dr. Anthony Fauci, Director, US National Institute of Allergy and Infectious Diseases. Translation: it is your fault for not doing what you are told, so hand over your liberty, peasants!
3- a press release entitled “President Xi Jinping’s Speech at Davos Agenda is Historic Opportunity for Collaboration” We are told: China calls for the world to work together to tackle global challenges, particularly COVID-19 and climate change; Principles of multilateralism must be upheld to realize sustainable development and promote trade and investment liberalization; Call also made to jointly promote strong, sustainable, balanced and inclusive growth of the world economy
I don’t think I have ever come across such a vortex of utter cuntishness. There ain’t enough lions in the world.
@Andrew C, maybe he has invested all his money in green bonds. It would explain why he is hustling for grants and asking for donations.
@MC – the WEF is teeming with cunts. None more so than Schwab who really does give me the heebie jeebies
He’s not making videos again is he? I hope he has a new shirt
“ 3- a press release entitled “President Xi Jinping’s Speech at Davos Agenda is Historic Opportunity for Collaboration” We are told: China calls for the world to work together to tackle global challenges, particularly COVID-19 and climate change; ”
I imagine he means together like the Paris Accords where China gets let off the hook for now while the western economies take the brunt of the action, one area Trump absolutely called right
The state pension has always been payed out of current funds, maybe they could establish a state pension fund and gift it with all the QE bonds as a starting point
BniC
Great idea. But only for state employees. When the fund runs out…