Vince Cable on UK economy - more money printing (24July11)

Liberal Democrat business secretary Vince Cable talks about the UK economy, worryingly he talks about doing things like MORE quantitative easing (printing money) - the very thing that is crippling the UK economy in the first place.

Isn't it about time we had trials for these economic terrorists who have destroyed the UK economy? Far more important than phone hack crap!

Recorded from BBC's Andrew Marr Show, 24 July 2011.

Category:

News & Politics

Tags:

• vince
• cable
• libdem
• liberal
• democrat
• uk
• economy
• economics
• qe
• quantitative
• easing
• money
• print
• printing
• bank
• of
• england
• boe
• fraud
• fraudsters
• debt
• deficit
• spending
• borrowing
• gdp
• growth
• 24
• july
• 2011
• bbc
• andrew
• marr
• show

[AnnoyedDragon]

You know the public are ignorant as to what quantitative easing means, when someone can appear on national television; and say they plan to steal more of everyone's money. Inflating their savings away, increasing commodity inflation and lowering everyone's quality of life.

[Mancunian786]

vince cable is a dumb shit

[izMattz]

this man changed my life i would rape him but not anymore now that the bus fairs have gone up

[jackscht]

Sack at will.... Cable about to abolish workers rights.

Vince Cable = 'right wing nutter'

[simpleearthling]

@chinonn1 diana was female you dumb fucking spik

[nansir]

When are we going to learn that it is MONEY itself that is causing our problems. In order for things to have monetary value they must be scarce. That fact stops us from producing things like food and good housing in abundance, which we have the technology to do. It is time we changed and started working together. It is one world and we are all one. Google Zeitgeist Moving Forward 20011 and the Venus Project.

[chinonn1]

england shit, bitch Princess Diana's good that he died, he dies Queen Elizabeth Alexandra Mary nasty old bitch, get rich making war on other countries, I'm Mexican, up mexico

[darrenrooke]

@WezKitikonti bingo

[darrenrooke]

if ever the time comes that people stop buying things they don't need with money they don't have the ponzi scheme will collapse

[Wulfyn99]

@chillercm no it cannot. It's a myth that it will kick start the economy - the only thing it can do is fuel another artificial and unsustainable boom. The market has to correct itself by allowing malinvestment to fail, not to have it continually propped up. In the meantime the greater money supply will weaken the currency and also lead to inflation eroding savings. It also leads to greater government debt that further erodes taxpayers money through higher interest payments.

[Wulfyn99]

When one of the heads of business of the UK Government doesn't understand economics you have to be pretty pessimistic about the future.