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Originally Posted by Paul Markham
Now I'm not sure if you're teasing us or serious. Greece can't print money.
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greece canīt - but the EU can - actually they do not even have to print it because money can be just a balance.
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Greece had billions to spend and still it's economy nose-dived. The problem isn't spending, it's creqating a product people want to buy.
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greece has since one year a positive grow - much better than UK and many other EU-countries.
first of all these are international bonds - the majority of the bonds are national.
number 2: as you have seen in the stats i send you the bonds interest decreased
DRAMATICLY.
3. every country on the fucking planet pays the interest of the old depts with NEW DEPTS
if they can make new depts with lower interest do they NOT SAFE MONEY?
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I have just proven you to be ignorant or a liar.
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no you have proven yourself as an idiot with NO KNOWLEDGE !
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so why does the UK have such a high Credit rating?
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because it still is in the EU and the EU countries giving guarantees to each other.
britains rating already dropped from AAA to AA and after the brexit it will drop more.
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Yes this will be a problem with imports until the GBP strengthens again. The upside is exports are cheaper and tourists booking a holiday in the UK win.
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and it will make exports more expensive again - so you can turn it however you want - britain can only survive with a fucking low pound what will give the british industry a chance to export on affordable prices but the nessecary IMPORTS to produce this goods will drive the price higher.
that means, they have to safe it on the only thing they have: on NATIONAL LABOUR COSTS !!!
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Your statements on Government Debt interest being tied to countries base rate of interests proves you're a fool or conning us. Which after all the insults you have thrown at others is amazing. The idea you taught economics isn't fooling anyone.
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paul i think you should give up to discuss things what you do not understand.
i think there is NOBODY here who does not understand this really BASIC economy things.
to call me a fool shows that you do not understand it and are ignorant enough to see the truth. the world does not go your way - it goes the LOGIC way.
people like you are the reason that i am a figher for good education. peaple who did never learn about the basics of economy should not have the right to vote because they are voting without knowlegde.
this is a problem ALL over the planet and this is why fools like you think they can jump over their own shadow.
your own business is a proove that you are wrong.
YOU went to another country to produce CHEAPER as in your own country to sell this stuff to a GLOBAL MARKET were you would not survive without breaking all your own rules !