UK - Slave work schemes

[jonbuoy]

It hasn't worked out in many country's... but it has worked well around the globe for millenia. Do you think we just find stashes of $1 billion bundles just lying around? Someone prints it because they decide that it is ok to be printed. Are the major producers of money audited by anyone? No they're not. Why don't they print more money then as no one will ever know?

Because it raises inflation, devalues your currency and can trigger hyper inflation. They have had to do it with quantative easing in the States and UK they do it very gradually - print money - pay government workers with it, let it filter into the economy and see what effect it has. Major "producers" of Money - you mean like the federal banks and the Bank Of England? Ever been to a country and wondered why you have to hand over thousands of the local currency units for a beer when you only have to hand over $6NZD for a beer?

[mashman]

Because it raises inflation, devalues your currency and can trigger hyper inflation. They have had to do it with quantative easing in the States and UK they do it very gradually - print money - pay government workers with it, let it filter into the economy and see what effect it has. Major "producers" of Money - you mean like the federal banks and the Bank Of England? Ever been to a country and wondered why you have to hand over thousands of the local currency units for a beer when you only have to hand over $6NZD for a beer?

That's strange. Coz like I say, they've been doing it for millenia and the US, the largest money producer?, hasn't suffered. QE/CE? Can you explain how that combats inflation?

[jonbuoy]

That's strange. Coz like I say, they've been doing it for millenia and the US, the largest money producer?, hasn't suffered. QE/CE? Can you explain how that combats inflation?

Yes they have been that's why every year your dollar is worth less- inflation. But you cant suddenly print billions of NZ or US dollars without lowering the value of the dollars already out there triggering massive inflation. NZ dollar would drop like a stone because no other country would want it, great for exports terrible for anyone wanting anything not made in NZ.

[mashman]

Yes they have been that's why every year your dollar is worth less- inflation. But you cant suddenly print billions of NZ or US dollars without lowering the value of the dollars already out there triggering massive inflation. NZ dollar would drop like a stone because no other country would want it, great for exports terrible for anyone wanting anything not made in NZ.

Rubbish, the UK printed GBP350 billion last Jan and by August inflation was up 0.1%. QE/CE, why does it combat inflation?

[GrayWolf]

Awwww poor little darling(s)

They have to work for their Dole? well hard F***kn cheese.

Social aide has been around in one form or another in the UK since to 1500's the poor law.
What is now considered a local body property rates to pay for services was actually started as a tax called the poor rate... yup each local area (parish) was responsible for supporting it's own 'UNABLE' poor.. Almshouses etc. Able bodied were expected to work.

If you read on the Irish Potato famine, they had to work for a daily pay that was just a little over the amount needed to feed a family with the basics.
Not bloody cigarettes, booze, DVD.s pokies, TAB, a car........

The Victorian Workhouses? just that, you want to be fed, somewhere to sleep, be clothed? You work for it. What the OP is likely not going to read in the story is your 'job' when receiving Dole is to look for work. They expect to see job applications, interview proof etc that shows you ARE at least trying.... I'll bet some of those who are being made to work are not doing that.
As for the person in the story?? WTF? She works in a Museum for free, voluntary, but winges when asked to do an actual 'job of work' for the same conditions? Cry me a river!!!
The benefit is 'enough' for those on it to afford, ciggies, booze etc,,,, but they still complain? And before you start on it,I HAVE been unemployed and on the Dole.. I took a job earning minimal hourly rate, it didnt leave me with much more than the dole had been paying, BUT I was able to apply for other jobs with EMPLOYED as my work status, and believe me, it helped considerably....

poor duckies, have to get out of bed before midday, and EARN what my/OUR friggin taxes are paying for......

[mashman]

As for the person in the story?? WTF? She works in a Museum for free, voluntary, but winges when asked to do an actual 'job of work' for the same conditions? Cry me a river!!!

poor duckies, have to get out of bed before midday, and EARN what my/OUR friggin taxes are paying for......

She was already working according to you... however you've decided that she wasn't. Hmmmmmm, make your mind up.

I know, lucky lucky people getting to keep their own hours... I'm sorely tempted to join them and reap the benefits of the taxes that I've put into the system. You wouldn't begrudge me that would you?

[jonbuoy]

Rubbish, the UK printed GBP350 billion last Jan and by August inflation was up 0.1%. QE/CE, why does it combat inflation?

Eh? I said it INCREASES inflation not DECREASES. For someone who wants to build a "new world order" I would have thought you need to get your head around the system that's in place now Mashman.

Historically Spain, Portugal Greece and Italy have all got out of financial troubles like this in the past by their central banks printing more money - devaluing their currency and encouraging foreign spending. Foreigners snapped up holidays and cheap properties and businesses. They cant do that now as they aren´t in control of the Euro. Its also the reason why people used to wander round with 50000 pesetas just to do the weekly shopping.

[mashman]

Eh? I said it INCREASES inflation not DECREASES. For someone who wants to build a "new world order" I would have thought you need to get your head around the system that's in place now Mashman.

Historically Spain, Portugal Greece and Italy have all got out of financial troubles like this in the past by their central banks printing more money - devaluing their currency and encouraging foreign spending. Foreigners snapped up holidays and cheap properties and businesses. They cant do that now as they aren´t in control of the Euro. Its also the reason why people used to wander round with 50000 pesetas just to do the weekly shopping.

And you didn't answer the question, again ... I didn't say that it decreases (even though inflation has decreased). To make it a little clearer. How does QE/CE work in that it doesn't cause hyperinflation. As highlighted above the UK did this with hundreds of billions of pounds and inflation barely burped. How is that possible? After all, it's money that is printed and thrown into the system. And it's a New Ordered World, not new world order, there is a rather large difference.

Oh I understand why some country's have large denomination notes.

[jonbuoy]

And you didn't answer the question, again ... I didn't say that it decreases (even though inflation has decreased). To make it a little clearer. How does QE/CE work in that it doesn't cause hyperinflation. As highlighted above the UK did this with hundreds of billions of pounds and inflation barely burped. How is that possible? After all, it's money that is printed and thrown into the system. And it's a New Ordered World, not new world order, there is a rather large difference.

Oh I understand why some country's have large denomination notes.

Jesus I knew I shouldn't have posted on one of your threads. Your question was "QE/CE, why does it combat inflation?" My answer was it doesn´t combat inflation - it INCREASES inflation. Question answered!

"How does QE/CE work in that it doesn't cause hyperinflation" - Is that a question - you want me to tell you why QE/CE hasn´t caused hyperinflation in the UK - if you do too much QE/CE it WILL cause Hyperinflation. - So does that answer your strangely worded question??

When currency markets get wind of QE happening they get a bit nervous - if the US printed a huge amount of money people would start selling off their US dollars even before the QE money had reached peoples pockets anticipating a drop in the currency value.

Just do a search on quantative easing and inflation.

[mashman]

Jesus I knew I shouldn't have posted on one of your threads. Your question was "QE/CE, why does it combat inflation?" My answer was it doesn´t combat inflation - it INCREASES inflation. Question answered!

"How does QE/CE work in that it doesn't cause hyperinflation" - Is that a question - you want me to tell you why QE/CE hasn´t caused hyperinflation in the UK - if you do too much QE/CE it WILL cause Hyperinflation. - So does that answer your strangely worded question??

When currency markets get wind of QE happening they get a bit nervous - if the US printed a huge amount of money people would start selling off their US dollars even before the QE money had reached peoples pockets anticipating a drop in the currency value.

Just do a search on quantative easing and inflation.

stop being such a drama queen. The first question was poorly worded and the second was missing a bit... I ain't perfect, go figure. Yes I understand, as far as I dare to, QE/CE vs printing money, but I was trying to find out your terms of reference so that a "discussion" could take place on the "differences". Essentially they're both a different reason to produce new money. Yet for some unknown reason one is acceptable and doesn't really hurt inflation and the other is just a no no, that which shalt not be named. That's it boiled down for me. Yes I understand the concept of imports vs exports in relation to the value of the $.

We're losing jobs to the high $ (more on the dole competing for limited positions, the current govt having promised 170,000 new jobs). We have an almost historic low in terms of inflation. We've borrowed 50+ billion (potentially 70+, not looked in a while but have seen the figure thrown around) so far for something I've yet to see (I'm going for the miracle turn around so that the nats can secure a 3rd term ). To stem the flow of job losses and the borrowing that we're going to be saddled with, why aren't we printing more money to help create more jobs?

Jobs are needed for people to fill. If private enterprise can't create them, then someone has to. At least the money printed would go to people who were working in NZ? No doubt the majority of the unemployed are looking for jobs, but if you've applied for every job in the region with the only 3/4/5 who are going for those jobs and for what ever reason don't get them, then in all likelihood you could end up on the dole for a long long time... especially if you have a certain level of $ needed to cover your ever increasing in price outgoings. So why bother forcing people into what should be paid jobs that don't/won't/can't/shouldn't (single parents) work when there are more than enough jobs to go around for those who will go the extra mile to find them? The only difference being that one group are looking and the others aren't.

As mentioned in an earlier post. There will always be unemployment. Why not leave that too the professionals instead of creating a cycle where a person works for a year, then spends a year on the dole, then works for a year, then spends a year on the dole? Why not bypass that working year and leave those jobs available for those that want work? It would seem like a no brainer to me given that there will always be unemployment and the tax payer will always be funding that unemployment. Much better than using a sledge hammer to crack a nut and hammering the honest job seekers, just because they're in with a small portion of people that you're trying to punish for being unemployed by choice (quite possibly being realistic in their choice)?

[Ocean1]

You do realise that they could print more money at anytime meaning that you wouldn't have to work harder. So it ain't thems at the bottom who are making it hard for you, it's thems at the top.

They could, but on this point Johnny baby's perfectly correct, printing 5% more cash doesn't alter the economy's net worth, it just knocks 5% off the value of the currency. You no listen.

[mashman]

They could, but on this point Johnny baby's perfectly correct, printing 5% more cash doesn't alter the economy's net worth, it just knocks 5% off the value of the currency. You no listen.

...I did listen... and as I pointed out, where we currently have a historically high $ that hurting exporters, are borrowing billions extra, are losing jobs etc... then why no do just that?

[Ocean1]

...I did listen... and as I pointed out, where we currently have a historically high $ that hurting exporters, are borrowing billions extra, are losing jobs etc... then why no do just that?

Generally exchange rates are a product of the variables affecting the relationship between economies, not a variable you should fuck around with in some attempt to distort related variables.

You're correct in that unemployment fluctuates with the general health of the economy, not because of any evel capitalist scheme but simply because charity suffers along with every other facit of the budget when the overall value in hand shrinks. And again, you can print money, not value.

[superjackal]

Its not for free is it? Someones paying for benefits.

As long as that employer isn't paying them, then yes, they are getting labour for free. It doesn't matter the employee is receiving a benefit. No company should benefit from free labour. The tax payer is subsidising that company to get free labour. Disgusting.

Having worked briefly on "work experience" for free during study, I'd like to say that any employer that does that is a total w*nker.

Reminds me of a similar thing. When an employer gives you a promotion but no extra pay for your "development". Yeah right.

[jonbuoy]

As long as that employer isn't paying them, then yes, they are getting labour for free. It doesn't matter the employee is receiving a benefit. No company should benefit from free labour. The tax payer is subsidising that company to get free labour. Disgusting.

Having worked briefly on "work experience" for free during study, I'd like to say that any employer that does that is a total w*nker.

Reminds me of a similar thing. When an employer gives you a promotion but no extra pay for your "development". Yeah right.

I despair. The West only has itself to blame when we end up at the bottom of the heap overtaken by hardworking, driven workers from other countries hungry for the opportunities we piss away, moan and gripe about.