We Should Be Happier To Have A Job Than To Have Savings

Discussion in 'Currencies' started by willrocks, Nov 6, 2019.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

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    It doesn't get any clearer than this.

    Lagarde:
    https://www.ft.com/content/eb8dae8c-fb14-11e9-a354-36acbbb0d9b6
     
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  2. ozcopper

    ozcopper Administrator Staff Member

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    Got Gold & Silver?
     
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  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    By the pricking of my thumbs,
    Something wicked this way comes.”

    ― William Shakespeare
     
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  4. madaw1

    madaw1 Well-Known Member

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    “We should be happier to have a job than to have our savings protected,” said Ms Lagarde. “I think that it is in this spirit that monetary policy has been decided by my predecessors and I think they made quite a beneficial choice.”
     
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  5. SilverDJ

    SilverDJ Well-Known Member

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    upload_2019-11-7_0-50-27.jpeg
     
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  6. leo25

    leo25 Well-Known Member Silver Stacker

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    makes sense to me, i mean a slave shouldn't have savings in the first place. :confused:
     
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  7. Ag bullet

    Ag bullet Well-Known Member

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    This^^. If your savings are stolen then you need to keep working. Rinse and repeat.
     
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  8. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Bet that EU policy and comment from Legarde is going down a treat with retirees.
     
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  9. Ag bullet

    Ag bullet Well-Known Member

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    If I was the UK I would want to get out of the EU. :)
     
  10. Lovey80

    Lovey80 Well-Known Member

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    A lot of us like minded people that are adverse to these high spending Keynesian doves wouldn’t be so critical if more of the worlds governments acted like Germany and the Netherlands. Their debts are manageable and they rightly run surpluses when the economy is in a growth phase. Even if that growth is modest. So many governments spend hard in growth phases then go nuclear on it when things turn south. Kicking the can down the road only leaves less powder dry for when SHTF.
     
  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    We are already doing emergency QE in the "best and strongest economy in history". That should tell you something!
    Keynsian economics always fails and this time isnt any different.
    The puppets will keep it going as long as they are told to.
     
  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    If I was in the UK I would want to get out of the UK :)
     
  13. Ag bullet

    Ag bullet Well-Known Member

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    Touché
     
  14. leo25

    leo25 Well-Known Member Silver Stacker

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    To be fair Keynes would be turning in his grave if he knew his name would be used to describe the extreme madness being conducted today by central banks and governments.
     
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  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    He might be totally proud of himself, never know.
     

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