[KMA]Avenger wrote:Bugger that mate!
If the Govt is so concerned about it's citizens buying home-grown/local produce they would have slapped tariffs on all imports and made the market more competitive by doing so because companies that have left the UK for cheaper labour elsewhere would have either taken a loss in profits due to higher tariffs or bring the jobs back and produce the goods here (or in which ever respective country) thereby passing that saving on to the consumer.
That would be much better at "stimulating" the economy instead of throwing money at the situation hoping it fixes itself.
Back to HMV, so, the banks we bailed out are now throwing OUR money away by bailing out a failing firm which is more or less nothing short of a prolonged death which will result in a bigger crash in the end...that makes sense...my youngest son (7 years old) could do a better job running the economy than these dumb half wits-actually, that's an insult to all dumb half wits-these maniacs can!
EDIT:
Hold on a mo! there's one aspect of this i've only just noticed...so the banks we GAVE money to at ZERO interest have turned around and re-borrowed that money to HMV AT INTEREST
](./images/smilies/eusa_wall.gif "Brick wall")
The UK government did not give our money to the banks, nor did it lend money at 0% interest, this is a common misconception. The government bought shares in the banks hence why we the public now own a % of the banks. When the banks recover and their share price is higher the government will sell the shares for a lot more than they paid for them.
That said, it is true that the money the government used to buy these shares was itself borrowed from the world bank and the interest the government pays will probably be higher than the increase in share price, so we the public will make a loss and saving the failing banks has and will continue to cost us.
Taxing imports sounds good, making the imports cost more than native produce & services is a great common sense move for any country with a trade deficit, but and this is a big BUT, doing this would cause massive inflation, the costs of everything would rise significantly, there would be rioting in the streets and the government would fall if it tried to do this.
On Quantitative Easing, remember the money the government is printing is also spent on UK services, the worrying thing about QE is that historically QE has always been followed buy interest rate rises to keep inflation in check. Over the last couple of years everything has risen in price but most people havent felt the brunt of it due to interest rates being so low, if interest rates rise anyone with a loan or mortgage is really going to start feeling the pinch.
Back to the share purchase the banks have made in HMV, this is a stupid move. HMV already owe the banks money and the only good reason I can think of for this investment is to delay the collapse of HMV, put off the writing off of these debts for a year or 2 so the banks profits dont take a big hit this year, it's basically falsifying their accounts by making a bad debt look like an investment on paper.
Attack Mercs Killed (30) 459,329,001
Defence Mercs Killed (10) 2,918,478,517
Attack Soldiers Killed(60) 12,677,958
Defence Soldiers Killed(20) 226,236,488
Attack Super Soldiers Killed(300) 490,627,262
Defence Super Soldiers Killed(100) 4,131,482,551
Spies Killed(50) 4,256,505,842
Spy Killers Killed(50) 651,022,448
Mothership Weapons Destroyed(300) 35,583,034
Mothership Shields Destroyed(300) 39,498,511
Mothership Fleets Destroyed(200) 2,413,254
Planet Defences Destroyed(300) 358,539
Planets Taken(5000) 411
Naquadah Stolen(0.0001) 2,355,738,435,154,805
Untrained Kidnapped(50) 5,943,886,456
Weapon Points Destroyed (Sab+Att)(0.0001) 74,293,522,376,607
Attack Turns Used(1) 1,731,971
Quantitative easing is self-deception and a slap in the face of foreign investors in national obligations.
