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  1. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    So MMT says without taxes there would be no demand for a currency? That is even more batshit than I thought.
  2. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    BoE contributes about £500M per annum to Treasury. When the Tories are saying getting shot of the highest rate of tax would only cost £2B, BoE is not an important income for the Treasury. The Bonds it bought in emergency have to end up in the market eventually.
  3. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    Which of these guys told you Taxes are just to create demand for the currency or persuade us to not buy cigarettes?
  4. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    You can argue that MMT describes how things work, what you cant argue is that things could work differently, unless you can show an example where a Government has just printed all the money it needed without creating debt, and without causing massive problems.
  5. Baldseagull

    [Albion] New Yves Bissouma chant for tomorrow

    Read that some Arsenal fans were getting pissy thinking Tottenham had nicked "their" Saliba chant.
  6. Baldseagull

    [Albion] Undav

    At the moment De Zerbi arrived, all he really knew of our squad was from video of the games, Undav will have been pretty unknown. Give him a few weeks to get to know his players.
  7. Baldseagull

    [Politics] Russia invades Ukraine (24/02/2022)

    Russia is saying a truck blowing up caused the damage, but somehow two sections of the road bridge 100m or more apart are collapsed? In one video white foamy wave appears just under the bridge immediately before the explosion, could be just a wave caused by wind, or by an incoming rocket.
  8. Baldseagull

    [Misc] Suggestions to save energy this winter…

    You mix cold water with the hot to take a shower, if you had it at 60c you would be scalded.
  9. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    Doesn't really matter if the pound is only worth 60 cents, we just issue twice as many pounds. ⁶
  10. Baldseagull

    [Politics] Russia invades Ukraine (24/02/2022)

    It did catch fire accidentally, due to the bombs that went off on the road section.
  11. Baldseagull

    [Politics] Russia invades Ukraine (24/02/2022)

    The road sections will take weeks/months. The rail section looks like it could be repaired in a few days. Maybe a bit longer if the guys that would normally do the work have been mobilised, or gone on holiday to Kazakhstan.
  12. Baldseagull

    [Albion] Di Zerbi sinking?

    Submerged, or drowning in things that need to be done.
  13. Baldseagull

    [Film] Your favorite all-time trilogies?

    The Matrix set and another shout for Clint as The man with no name, though not sure they are strictly a Trilogy.
  14. Baldseagull

    [News] Winter power cuts.

    Yes, agree re planning, but would be easier to sell to the public as a vital facility than Fracking which seems to be rearing its head again.
  15. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    Yes, it needs our money. The Pound is a token, the BoE issues them, if they just printed as many as the Government wanted in order for it to spend what it wanted to spend, they would become worth less and eventually worthless. Look up hyperinflation.
  16. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    How does what has just happened fit into that theory? It didnt seem like the Government was controlling the flow of money.
  17. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    Just look up Gilts. Then look up National debt, and Budget defecit and if you really want to humiliate go and ask an eminent economist.
  18. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    This is Bollocks.
  19. Baldseagull

    [Politics] Liz Truss **RESIGNS 20/10/2022**

    I am not sure quite how it works, but I am pretty sure UK Government has subsidised the costs of Wind power in the past, to ensure they got built. Maybe there is already a payback going on, but if there isnt that would be my first port of call. Then there is the war we taxpayers are in part...

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