Subj : Re: Russia's Endgame
To : Andeddu
From : Arelor
Date : Tue Oct 11 2022 04:38 pm
Re: Re: Russia's Endgame
By: Andeddu to Arelor on Sat Oct 08 2022 04:58 pm
> Re: Re: Russia's Endgame
> By: Arelor to Andeddu on Fri Oct 07 2022 03:21 am
>
> > I am out of the look. WHat has happened in the UK that I have missed?
>
> The Pound Sterling dropped to its lowest value in the exchange rate vs the USD
> at 1.03 per USD. The UK's pensions industry is basically a ponzi scheme using
> borrowed money as there are no safe investment opportunities that give a good
> return on investment due to the extremely low interest rates we have had over
> the last 15 years. Most investment firms have to provide a 6 percent return
> which is impossible, however the pensions industry have used clients money to
> borrow far more cash which they have then spent in the UK government bonds
> market to bring in a more suitable return. The low pound meant that banks and
> creditors were issuing margin calls which the pension funds could not pay as
> they were so highly leveraged, and so the whole industry almost came crumbling
> down along with all private pensions. The Bank of England (BoE) intervened by
> printing money and purchasing goverment bonds to stabilise the currency once
> again. As we know, there is only so much money you can print before inflation
> becomes a huge issue. They are unable to carry out quantitiative tightening now
> to combat inflation as they have made it monetary policy to carry out
> quantitative easing. Hyper-inflation will occur as the goverment are completely
> out of ideas on how to tackle the mess they've found themselves in.
>
> ---
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Thanks for the information. It sounds sooooo Spanish to me it is frightening. At least
we have the EUR to lay on, which has a lot of inertia, but since the EUR has been
print to oblivion itself I don't expect anythinything good from it.
--
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