IMF tells UK to consider rate cut to boost growth

[Jimbuna]

The International Monetary Fund (IMF) has said the UK's continuing economic weakness means authorities should consider more quantitative easing (QE) and even cutting interest rates.
Its annual look at the UK economy endorsed the government's deficit cutting plan, saying it was essential.

Don't they realise interest rates in the UK are currently at an all time low...far better cut the rate of VAT.

http://www.bbc.co.uk/news/business-18158226

[Gerald]

IMF should not interfere in a country's sovereignty, and politics.

[BossMark]

Originally Posted by jimbuna

Don't they realise interest rates in the UK are currently at an all time low...far better cut the rate of VAT.

I wouldnt trust posh George to run a bath never mind the economy

[Jimbuna]

Originally Posted by BossMark

I wouldnt trust posh George to run a bath never mind the economy

Originally Posted by Vendor

IMF should not interfere in a country's sovereignty, and politics.

[Skybird]

Germany placed 2 year-bonds today for an interest of 0.00%. They "sold" well.
Bringing inflation down to 0.00%, and cold progression as well, nobody mentioned.

For John Smith and Lucy Brown with heir small private savings, this is even worse news. They get their money's value stolen from them. Which is apparently the strategy behind what the Fed plans to do with American debts, and what is being followed more and more by the Eurozone, and Germany, too. Get rid of debts by stealing monetarian value from private savers.

If I would have my way, famous Berlin alley "Unter den Linden" soon would be renamed into "Unter den Köpfen". It would be a boulevard of prominent faces, no doubt.

[Skybird]

Originally Posted by Vendor

IMF should not interfere in a country's sovereignty, and politics.

Now you sound like that greek ultra-leftist.
It makes no sense to pump money into a regime that is incompetent and/or corrupt, when giving them more money is not linked to conditions over how to imporve.

Whether the IMF's demands always are wise and altruistic, now that is something different. But interfering with the inner politics of those lending money from it, it must.

[mookiemookie]

Originally Posted by Skybird

Germany placed 2 year-bonds today for an interest of 0.00%. They "sold" well.

The coupon rate was 0. But they sold at a discount, meaning that investors still received a positive yield.

[Gerald]

Originally Posted by Skybird

Now you sound like that greek ultra-leftist.
It makes no sense to pump money into a regime that is incompetent and/or corrupt, when giving them more money is not linked to conditions over how to imporve.

Whether the IMF's demands always are wise and altruistic, now that is something different. But interfering with the inner politics of those lending money from it, it must.

To clarify what I meant by my statement, so in this situation, the IMF would have a structure with all its loans it gives out, but if the Greeks had it, you should keep your own personal profile and safety, creating in this way own independence without intervention from other help, now it is not so well known.

[STEED]

Originally Posted by jimbuna

Don't they realise interest rates in the UK are currently at an all time low...far better cut the rate of VAT.

http://www.bbc.co.uk/news/business-18158226

Jim the last Labour bought VAT down for a year and it did sod all, granted you could try lower than the 15% of last time. So what's left? Print more money, well the last count at the BoE was more against last month than the month before that and anyway the money goes straight to the Banks who just sit on and do sod all. So we are left with cutting interest rates and this would appeal to George/David & Nick as this will mean paying off the deficit will cost less.

As for the IMF I believe we the Brits set that one up...Sod it.

Its about bloody time we were told what the true debt is.

[Jimbuna]

Originally Posted by STEED

Jim the last Labour bought VAT down for a year and it did sod all, granted you could try lower than the 15% of last time. So what's left? Print more money, well the last count at the BoE was more against last month than the month before that and anyway the money goes straight to the Banks who just sit on and do sod all. So we are left with cutting interest rates and this would appeal to George/David & Nick as this will mean paying off the deficit will cost less.

As for the IMF I believe we the Brits set that one up...Sod it.

Its about bloody time we were told what the true debt is.

I'm currently on 3 1/2% fixed for one year on ISA's which then drop to 1.5%

Basic accounts currently pay between .1% and .5%

The base rate of the BoE is/was 1/2% so how can it be cut any further?

Strange how the banks can charge between 8% and !)% to borrowers.

[STEED]

Originally Posted by jimbuna

The base rate of the BoE is/was 1/2% so how can it be cut any further?

Easy 0.4% or 0.3% or 0.2% or 0.1% and yes you got it..0.0%.

[soopaman2]

I always wondered what would happen if SOVERIEGN nations told the IMF to copulate with themselves...

When did we let bankers like IMF, Federal Reserve, and Moodys (etc.) control the whim of nations?

Lots of rich folks in all our countries, but tons of empty pockets for nation building as a whole. To benefit all, not just the capitalist factions, but the people as a whole.

Some of you took Alan Keynes way too seriously, and we are all paying the piper.

Nations are people, not GDP, NOT MONETARY FIGURES, WE ARE PEOPLE.
d
Yeah and get rid of the Federal Reserve too, it is unconstitutional, and does not serve anybody (unless your name is on their rolodex), and only hinders the world (majority) as a whole. Both IMF and the Fed.

(I.e: lets start with commodities being pegged in dollars, quantative easing (printing money) to feed underwater banks, causes inflation. So forth and so on...) Now oil (pork bellies,, coffee etc) is worth way more, thanks to inflation, add that to wage stagnation, and you got a 1% perfect storm of profit.

edit: I also wonder what would happen to the IMF if the big 4 (US, GB, France, and Germany) were to pull back investment funding....*giggle*

I think it is time to show them who really holds the power....

The people!

OK bank of America, and moodys, and standard and poors, lets see your money and gold beat a tank, and a batallion of angry marines.

[STEED]

Originally Posted by soopaman2

I always wondered what would happen if SOVERIEGN nations told the IMF to copulate with themselves...

When did we let bankers like IMF, Federal Reserve, and Moodys (etc.) control the whim of nations?

Lots of rich folks in all our countries, but tons of empty pockets for nation building as a whole. To benefit all, not just the capitalist factions, but the people as a whole.

Some of you took Alan Keynes way too seriously, and we are all paying the piper.

Nations are people, not GDP, NOT MONETARY FIGURES, WE ARE PEOPLE.
d
Yeah and get rid of the Federal Reserve too, it is unconstitutional, and does not serve anybody (unless your name is on their rolodex), and only hinders the world (majority) as a whole. Both IMF and the Fed.

(I.e: lets start with commodities being pegged in dollars, quantative easing (printing money) to feed underwater banks, causes inflation. So forth and so on...) Now oil (pork bellies,, coffee etc) is worth way more, thanks to inflation, add that to wage stagnation, and you got a 1% perfect storm of profit.

edit: I also wonder what would happen to the IMF if the big 4 (US, GB, France, and Germany) were to pull back investment funding....*giggle*

I think it is time to show them who really holds the power....

The people!

OK bank of America, and moodys, and standard and poors, lets see your money and gold beat a tank, and a batallion of angry marines.

Give that man a pint of beer.

I agree.

[STEED]

Here's some wise words.

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)