Italy now has far higher debt as a percentage of GDP than it did during the last euro-zone crisis a decade ago: 150pc against 125pc.
Still, that’s OK, right? That’s just government providing a savings method for those who want it, right?
Italy now has far higher debt as a percentage of GDP than it did during the last euro-zone crisis a decade ago: 150pc against 125pc.
Still, that’s OK, right? That’s just government providing a savings method for those who want it, right?
Government by “experts”.
Is his latest bout of Covid having the usual effect on his productivity?
Back on July 13, was that before or during his latest bout of Covid, his idiocy was on clear display in a post about a windfall tax on banks. A man called John gave him a run for his money
“John says:
July 13 2022 at 10:17 am
Your argument is quite simply the most ridiculous thing I have ever heard. The extension of this quite crazy argument is that because the BoE at some point created all sterling, all sterling belongs to the BoE/government. Which is simply nuts.
“The Bank of England creates central bank reserves”
So what.
“It then used that money it created – of its own free will to buy bonds”
Bonds that other people already owned, and most importantly, had already paid for with their own money.
“The commercial banks were – as I have shown here – intermediary beneficiaries of the payment made”
Again, so what if they are intermediaries, unless you are claiming they get to keep the money as intermediaries.
“They did nothing to acquire the funds they have supposedly deposited with the Bank of England – the Bank of England created those deposits – gifting them to the commercial banks as a result to inject new funds into the economy which is what QE provided cover for”
They sold bonds which they already owned and had paid for. No money was “gifted” to the banks.
“So yes, I am 100% right and you are 100% wrong”
You must live in a topsy turvy world. You are 100% wrong here, and I really cannot understand how you are making your claim with a straight face. It is totally ignorant.
You can check this. Have banks market capitalization increased by the same amount as QE? If your claim was true, this would be the case as their assets would have increased by the amount of QE.
I’ll give you a clue. They haven’t.”
I was surprised that Spud did not just block him after the first exchange. He must have been on meds
“Day 2. Yesterday was not fun, and the night was feverish. So there won’t be much going on today. By and large I am going to do nothing until this is gone.
One thing I noticed though, which is how extraordinarily long the day is when doing nothing. I admit I am bad at doing nothing. I am much better at dual tasking. But how do people manage to do nothing, all day? I am baffled.”
Dual tasking? Managing to be a fvcking moron and an obnoxious cvnt at the same time?
Apparently he even has to drink coffee while watching birds. I wonder how long it will be before his neighbours dig a big pit around his house to prevent him from leaving it
he even has to drink coffee while watching birds
Feathered variety or unfeathered?
Coffee would be a strange drug for the second.
Coffee would be a strange drug for the second.
Well, he is strange, odd, peculiar…
I think this is about the hundred and thirty seventh time he’s had covid so far?