HB: Stalking Sunlight

Stalking Sunlight Bloggers

So far!

Nanette - Nanette twirly humanbeams dot com
Doc Logan -
melonhead99
Arcturus
James Benjamin (of The Mahatma X Files)

note: Apparently some items (or entire posts) are not displaying properly in IE. I am not sure yet how to fix that or what to do about it except... well, Firefox is pretty cool and it's free, so....

Recent Comments

Nanette on FINALLY Someone Explains What Is Going On In Canada:

heh, I was just thinking that (about the buses).

At least we are all on the same wavelength, sorta!

Nanette on That's Senator Bad Touch To You, Pal:

Oh man, I saw that video. I think he just wasn’t thinking and probably didn’t realize how much she’d grown and all that, but I can’t …

Melonhead99 on FINALLY Someone Explains What Is Going On In Canada:

I tried making a blanket of knitting square thing, old lady stuff, I never finished, I also tried sock making, ended up like deformed wooly hats …

Melonhead99 on That's Senator Bad Touch To You, Pal:

was just looking on youtube spotted this, child protection might be needed as well!

http://uk.youtube.com/watch?v=4flkm02mPv0

Nanette on FINALLY Someone Explains What Is Going On In Canada:

lol, now that must have been fun. What did you make?

I was thinking yesterday or so about gender roles and realized that many …

Seeking light in a murky world

Thursday, October 09, 2008

I wish I understood this financial mess?

by Melonhead99

Just listerning to the radio, inter-bank lending interest rates are up, this the day after national interest rates cuts, why? I’ve no idea?

All this promised extra money from the state,pumped into the system to stimulate the market by giving banks the capital to lend, where do the government get it from? they borrow it, who from? god knows? and will it be at the new higher inter bank rates? who knows?

I’ve seen figures for the ammounts the British government will fork out, anything from £50bn to £500bn, (thats about $85bn to $850bn for our American readers, assuming anyone reads this?)

This same problem of deregulation etc hit countries like Japan in the 90’s, did we learn from this? no, we followed the same methods and ending up in the same hole, no cash flow in the system, economic decline and we are now doing what Japan did by pumping billions into the market.

It took Japan well over 10 years to start to recover, so was the cash injection the best idea? not a clue here? Seemed to work in the long run, but maybe doing nothing would have worked as well?

I’ve always been anti-capitalist, as we all know, not hidden, paper money is so much bluff and bullshit ‘heres a note it’s worth $10’ why is it worth $10? because someone printed fancy writing on it, it looks impressive, lots of special marks, ornate script, got national symbols on it, must be worth $10. Sorry I’m talking crap again, need my medication, I must be talking crap, most other people seem to accept it and I’m not well up on financial stuff.

Posted by Melonhead99 on 10/09 at 06:06 AM

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