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Yeah, usual playground-level response. When challenged, try your best to deflect and distract. So predictable.

I'm happy to use the one you alluded to in post #106. Anyway...

Stop issuing gilts, then you have no interest payments (and no dramas like the last few days) at all.

Nah, no gotcha. You seem to be particularly grumpy about one head of state who authorised an invasion of another country. Just wondering if you would feel as grumpy about other heads of state authorising other invasions. Would you?

As said in my post, I wasn't sure what you meant. You seemed to be saying we should condemn one country invading another. Can you confirm whether that's your position or not.

Hmm, not surewhatyoumean there... So we should be perfectly comfortable with anyone invading another country?

We should have nothing at all to do with anyone who invades another country whether it's their neighbour or not, right?

Nah, BoE exchanged £65bn worth or reserves for £65bn worth of long term gilts. The gilts were originally for £65bn worth of reserves. One transaction cancels the other.

Where's your homework? Don't bother me again until you are ready to have it marked.

So proving my point about your lack of comprehension. Your 'contributions' so far can only lead me to the conclusion that you will never understand how the money system works in your own country (even though I laid it out as simply as possible) let alone the implications of that understanding...

Of course I'm not saying that, read what I posted. Then ask some nurses, doctors, teachers, policemen, soldiers etc. if they'd like to keep getting paid. Comprehension doesn't seem to be your strong point. You seem to want to take a specific point and extrapolate it to the general situation to...

Did you read this? You have it backwards. For example, how will creating more £s make more energy available? It won't, at least not in the short term. The issue with energy is supply, there simply isn't enough of it to meet demand hence the huge price increases. It's about real resources, not...

In what way? Govt is still spending every day It's still paying nurses, doctors, policeman, judges, and any other contracts it's entered into etc, right?

The mechanics of fiat economies like the UK can be boiled down to this: . Govt spends £s into existence . Those £s are used (or saved) . Each time they are used they attract taxation . All govt spending, except that which is saved, eventually returns to the Exchequer Inflation isn't simply a...

Govt can create £s without saying anything at all to the world. Govt has no need to 'get money in'. There's no need at all to issue bonds, it's a complete waste of human effort. It's nothing like 'promising to repay more ' Japan, like uk, is a currency issuing govt with it's own fiat...

Correct. As long as it's been authorised by parliament. As long as there are resources to spend on then there's no issue with spending to acquire them. What do you want to 'spend, spend, spend' on? You think bankers don't know how the money system works? Right, right. Here's the info I've...

No, not main banks and nothing to do with preference stocks. Never has been as far as I'm aware. There are a 'chosen few'. They are known as Gilt-edged Market Makers or GEMMS for short.

What are you talking about?

As you now know, they create more every single day. What makes you think debt is 'the issue', what debt are you referring to?

We were talking about debt/GDP figure but, anyway .. The only 'meaning' you can attach to govt debt is: what was it used for? Borrow for ever? You already know the UK govt never needs to borrow it's own currency and all it's spending is direct money creation via BoE which credits recipients...