/biz/ - Business & Finance

Post source fag

Gbo trading like a shitcoin. FUXK THAT NIGGER AND WOMAN IN OFFICE

>>51676779
When they hyperinflate what will be the name for the replacement currency? Dubs names it

>>51676830
>inb4 zerohedge

>>51676841
The pound will become an ounce

>>51676852
Disclose.tv is reporting on it too
https://nitter.it/disclosetv/status/1575065551554035712

>>51676881
Real source up
https://www.bankofengland.co.uk/news/2022/september/bank-of-england-announces-gilt-market-operation

yeah, more panic, crash soon

This is the biggest policy fuck up for over a generation. Is it any surprise a. Woman and a nigger came up with it together

>>51676779
Is this what is called "monetization of debt" or did I get this wrong?

Yes! I fucking love inflation

>every single open market rallies on news like these nowadays
In my gut, that tells me something is wrong. It should not reach that far.

Illiquidity?

the fuck does that mean??

>>51676947
they are choosing inflation over recession

but the only source is OP

>>51676779
>printing money to buy your way out of inflation
interesting

£ is already dropping further kek

>>51677369
Every bloomberg terminal bot on twitter tweeted it

>>51677369
mate
https://www.bankofengland.co.uk/news/2022/september/bank-of-england-announces-gilt-market-operation?sf170940617=1

Why is the chancellor meet the EMEA CEOs of US banks? I can't tell who's in the wrong here, the chancellor, the Bank of England or the market itself.

WHAT THE FUCK IS WRONG WITH THIS RETARDED ISLAND CAN I NOT LIVE SOMEWHERE NORMAL REEEEEEEE

>>51676841
The Quarter Pounder

>>51676922
>Nigger and woman come up with a brain fart.
I dont think they quite get it.

>>51677407
>Central bank implements contractionary monetary policy to offset the government's expansionary fiscal policy
For what purpose? We're fucked aren't we lads.

I cannot overstate how retardedly expected this was, but still completely and utterly retarded nonetheless
>QE+low rates
>whoopsie inflation is going up but we cant do anything about it we have to save stonks
>10% inflation
>QT+rate hikes (200 entire basis points of them, whoa...)
>10% inflation, stonks crashing to fuck, bonds sky high, pound getting pounded
>restart QE with 10 minutes of a heads up
>pound dumps to shit within minutes, inflation ???, stonks ???
stay tuned to find out on when the US also pivots

>>51676841
>>51677419
Royale with jews (because of the metric system)

>>51676779
Can anyone explain the thinking behind this? How does unlimited purchasing of bonds "stabilize the market" ? And what are the medium-long term implications?

>>51676779
>>BANK OF ENGLAND: BANK WILL CARRY OUT TEMPORARY PURCHASES OF LONG-DATED UK GOVERNMENT BONDS FROM 28 SEPTEMBER

so we're going to print money by selling bonds then buy the bonds ourselves?

great plan, why didn't we think of this before?

>>51677489
>thinking

Kek

>>51677489
kick the can down the road until you run out of energy to kick

>>51677510
Lol fair enough, just was hoping to try to get an understanding from the government's point of view. If everyone and their dog can see how dumb this is, why are they doing it?

>Inflation problem
>Government announces inflationary policies
>Inflation problem gets worse
>BoE announces inflationary stance
>Inflation problem gets even worse
Just fuck my shit up senpai

>>51677489
Bongs rope

So the brits are choosing inflation to a recession?

Is the ECB doing the same? They seem to lean towards recession

>>51677658

The market is reacting retarded to the BoE announcement to be honest. Looks like retail are all over this trade.

The aim was to fuck the gilt market and let it be the release valve instead of the GBP for the governments retarded new policy. It’ll probably happen but till take a few days for retail to get out of the trade.

It will work in the short to mid term. Cant say much about the longer term view unless the government changes their policy

>>51676922
part and parcel

>>51677489
>And what are the medium-long term implications?

>>51677640
They have no choice. If they let bond yields skyrocket government is gonna be wiped out by an uncontrollably growing debt avalanche. Bank of Japan is doing the same.

>>51677489
When Japan did it wages stagnated for 30 years. That is what you are getting except with niggers.

>>51677774

The difference is:
Japan has committed to it for too long and are trapped, already beyond 300%

UK just had a retarded policy moment by a woman and a niggers brain fart and is only at 80-100% debt levels right now.
It’s fixable but the question is will Truss be hard headed and commit the UK to Japan mode forever or reverse course asap.

It seems the bank of England are betting or know the government will reverse course as they have said this operation is temporary(unlike Japan), are already raising and will continue to raise rate(unlike Japan) and are experiencing massive inflation(unlike Japan). Truss and mr Zimbabwe will have to back down.

>>51677820
You're missing a key component: when a government program fails, they say it's only because they didn't make the program big enough so they double down. There's nothing more permanent than a temporary government program.

>>51677718
>The market is reacting retarded
everytime

>>51676841
Bong Bucks

>>51677851

Im watching closely anon but if you cant see the incompatible nature of the BoE buying gilts and raising rates at the same time i dont know what to say.
It means one is temporary. Either they stop raising rates next month or they end their gilt program after the market cools and the government pipe down their retarded policy.

>>51677877
checked
>mfw I hold 100% of my dca money in bong bucks

>sky falling
>still raging against 'conventional economic thinking'

That feel when it was all a Corbyn government after all

>>51677998

Nobody thinks their policy is wrong. Its their retarded timing thats wrong. We are in an inflationary crisis and you cant keep your mouth shut till it starts to ease in a year?

Had they announced this later it wouldn’t be so bad

what a shithole, just gonna put evey paycheck into crypto and sell next bullrun and move to Portugal

>>51676830
BUDDY

WOAH THATS A BIG SHAKE OUT

George Soros will be rubbing his hands rn.

>>51677877
No, it's gonna be Rishi Rupees.

>>51677820
>the government will reverse course as they have said this operation is temporary(unlike Japan)
lol
lmao
I'm sure Japan's started the same, as a temporary action. As the saying goes, nothing is more permanent than a temporary government policy.

>>51677380
Former US treasury secretaries and even former UK finance ministers are coming out saying that what they’re doing is incredibly fucking stupid and is essentially the same mistake Latin American countries keep making. Hyperinflation is obviously on the cards

>>51678138

Nah. I live in Japan. Japan is a one party state and the way these people work means nothing ever changes. Behind the facade to the outside world Japan is third world both in terms of peoples attitudes and the way the country/government is run.

Its basically impossible for them to change anything without unanimous agreement. Imagine that in a government that tries to be democratic with house seats modelled after parliament. Nothing can every change in Japan.

The UK isnt like that though.

>scamwick

This is insanely bullish. Low iq's have no fucking idea.

>>51678032
>Nobody thinks their policy is wrong

Get back to drafting your resignation, Kwasi.

>>51678308

What do you expect? Look how biz piled in ln “GBP WILL DIE” over the past week. That means every retail redditor is also short the GBP.

Im very worried about the govs policy and the GBP was the only release valve for it as the FTSE is energy company and dividend heavy, and gilts were already fucked.

The BoE just shifted the releases valve to gilts instead of the GBP but retail is obviously too dumb to understand anything so i fully expect them to be trapped into this trade by some firms now.

However the gov better change course by November or we’re fucked still

>>51676779
>Women in charge
>Economy immediately goes to shit
It isn't even funny anymore

>>51678308
Every other central bank will follow in the BOE's path.

YCC = $1M BTC

>>51678376
don't forget the nigger...

BANK OF ENGLAND CANCELS SPEECH ON BALANCE SHEET REDUCTION BY ANDREW HAUSER, WHICH HAD BEEN DUE ON SEPT. 29

lol

>>51678186
Fuck the anglos. Hundreds of years of colonialism have consequences.

>>51678769
Cuz white men dindu nuffin

>>51677419

>>51678361
This government isn’t going to exist by November…

>>51676841
Picrel
>>51677419
Kek

>>51679680
pajeets are CEOs of everything and now they're in government shilling shitcoins to the general public, this world is going to become increasingly hilarious until it collapses

is a 20 year triangle relevant meme lines for the gbp/usd?

>>51676922
Damn, is there a word in English for a phenomenon at once so funny and so sad?

>>51677419
*sensible chuckle*

>>51677877
Ding

>>51676922

Jews have owned the bank of England since the 16th century

>>51676779
So if I understand this situation correctly, the BoE prefers inflation to recession, presumably to save jobs and the stock market. But at the same time, there are not enough people to fill all jobs, so the government is lowering immigration standards even more. All of which merely delays the inevitable and will make things much worse in the long term. Have I got that right?

>the entire UK gets bogged by a nigger
REPARAYSHUNS, WHITEY

>>51678308
>>51678361
>>51680708
If you were holding only £ right now, what would the best play be?

>>51679776
just redraw them bro, lol

>>51680708

You need to understand the British market.

FTSE 100 is very manufacturing and especially energy company heavy, and on top of that dividend heavy. Not Tech heavy at all. That is why it’s performing quite well this year. There is no pressure on the BoE towards UK stock market.
The Gilt market is different. Unlike US bonds, most people who own gilts wont sell them and then dump the GBP they get to buy another currency. Most Gilt holders are domestic. If someone sells a gilt they likely keep the GBP or invest it domestically. This doesnt put pressure on the GBP so much.
On top of that, because most people who buy gilts are domestic most government debt in the UK is GBP and stays that way when paid back. This is unlike the US too where all the foreign holders of treasuries will dump the USD they get when they sell their US Treasuries to fund whatever domestic thing.

Currently the Gilt market is all kinds if fucked up. The spreads are massive. Nobody can sell them easily.

This meant that when the gov announced their shit new policy there was nothing to dump except the GBP to try price it in.
Now that the BoE are going to provide unlimited temporary liquidity to gilt market that will allow the release valve to move to gilts where it naturally should have been.

>>51676841
Niggercoin (NGR)

The most important thread on /biz/ right now.
BOE is the first central bank others will follow very soon.
QE infinity globally the entire financial system gets exposed as a charade.
tocks, housing pump to nose bleeding valuations - housing will in particular will become unattainable for first time buyers.
Inflation will get worse hyperinflation is on the menu.

>>51680827
leave the uk lol

>>51676779
FUCKING CENTRAL BANKING NIGGER RIGGERS. I SOLD MY FUCKING STOCKS BECAUSE OF THE BOND SELLOF AND THESE NIGGERS RESTART QE?????? FUCKING HELL

>>51681345
>housing will in particular will become unattainable for first time buyers.
for those that keep their assets in fiat, yes.
get out of fiat and hold on to your butt until the weimar moment takes place, you should be sitting good.

>>51676830
A nigger and a woman. Who the fuck thought this was a good idea?
Look at all those African countries ran by niggers which are submerged in corruption. Look at Argentina when it comes to a woman led leadership.

They're stealing your wealth, bongs. They're performing "reparations" by destroying your currency.

>>51681345
bro relax. we can just kick the can down the road for infinity

>>51680827
I'm thinking of shopping for Christmas presents tomorrow before I can no longer afford them.

>>51681050
This is giving me a headache, it's damned if you do and damned if you don't, but both ways fucks over the ordinary person. Maybe I should put what's left of my savings into gold tomorrow as well.

>>51680827
I don't think a large move in to USD is right atm. I'd maybe start buying in to Bitcoin. Gold if you like that or any stocks that look "oversold".

>>51682452
Sell when? The fed hasn't lowered rates, they're not done raising them.

>>51681607
They share her right wing ideology

>(((Temporary)))
We all know how this is going to end

>>51676841
midwest island istan , ticker: MIN

> The British Pound Sterling
> boys named Sterling

Imagine if you were in bonds as a retiree in December of last year and you were told by your financial advisors stocks were too risky and bonds then acted like a crypto shitcoin.

>>51676841
Pounded

>>51676945
You bet your ass.

>>51677419
Ok this was pretty fucking good

>>51677486
Royale with Squeeze rhymes better.

>>51676922
Why is it a policy fuck up? Its genius. UK will be the only country to grow next year now and inflation will be quashed by rates and the transitory nature of the causes. Its triggered all the right people this has...

>>51680827
btc and then enlist in us military

>>51677447
US won't pivot. Fed is unironically trying to start a depression. They HAVE to get unemployment up, or everything shits the bed as wages spiral up. They keep banging the gong, "Get your money out you dinguses we're flying this shit into a mountain," and no one will listen.

>>51677998
It's all Greece to me.

>>51676896
seething

>>51676864
>The mascot just died
kek

>>51677998

> Corbyn government
> tax breaks for top earners and no limits on bonus for banker kikes which the ‘middle class’ has to pay for

At least under labour they’d be creating jobs with the money and abandoning Londoncentric policies like HS2 etc. Nobody can convince me that we’re better off now under the conservatives who are just handing out gibs to their kike friends in the square mile/Canary Wharf before they get well and truly annihilated in the 2024 elections and need to call in a favour when they’re out of a job. Anyone who still supports the conservatives is so high on kike cum they could recite the Israeli national anthem backwards with 3 rabbi cocks in their mouth.

>>51683081
>"Get your money out you dinguses
But out to where?

>>51680490
the policy that fucked everything up has mothing to do with the bank.
the bank is trying to save the economy after these 2 fucked up

>>51676841
LGBTCBDC

>>51683416
NFA
If you have to ask you probably don't have access. I sure don't.

>>51678186
The UK is probably the most evil country to ever exist. This will hopefully lead to Scottish and Welsh independence.

>>51683416
United States Dollars (Ticker: USD)

>>51677447
>stay tuned to find out on when the US also pivots
won't happen, thank you kindly for accepting our inflation exports

Can someone please explain why the Bank of England is buying back bonds? Has the price gone so low that they could fall to zero, hence the BoE stepping in to restrict supply?

>Rishi was right. Unfortunately, telling the truth gets you nowhere in politics.

>Large amounts of government spend to deal with pandemic and sustainment of the economy during the second wave.
>Prices sore sky high because everyone wants their goods NOW when everything opens up.
>t. inflation
>War in Ukraine, no more oil from Russia
>energy prices sky high
>moar inflation
>cost of living becomes a major concern for the poorest
>shit don't move a muscle, don't do anything stupid, be very careful
> /ourmen/ Kwasi and Lizzie: Sike motherfuckers, lower taxes, increase government spending (borrowing) DURING high inflation and murky economic waters.

Absolute dumb fucks. And they're trying to gaslight us, no this is the right path, we're on the right path. Can we just get a bank run and accredited investors withdrawing funds from British funds now, make them understand, this is not a communist shithole, you cannot mold the economy to your whim.

HAHAHAHA FIAT MONEY IS LITERALLY A BIGGER MORE ELABORATE PONZI SCAM THAN CRYPTO

>>51684754
This would happen regardless of whether the Pound Sterling is pegged to something like the Gold Standard

>>51684812
Not if there was no (((fractional reserve))) banking, which originated with the (((goldsmiths))). Cope harder fiat fag.

>>51676779
>government says?
Yes, Andrew Griffith says.
>literally who says?
The Financial Secretary to the Treasury.
>What's that?
It's a mid-level ministerial post, nominally the fifth most significant ministerial role within the Treasury.
>I see, well we at the BBC are completely reassured. No reason at all to believe that everyone else is hastily distancing themselves from this cluster of fuck.

>>51676922
klaus schwab came up with it with zhe great reset

Well, this is nice and all, but how do I make some cash out of this mess?

>>51685402
you don't lol. maybe see if any bookies are taking odds on the collapse of the british government

>>51680827
a whole bunch of pre 1947 silver coins

>>51677877
Dubs confirm, Anon's decree will be carried out to the letter.

>>51676779
>woman in charge in crisis time
good fucking luck

>>51676779
Will deano be ok?

>>51685981
Lol fucking hell. we’re sorry BoJew please come back and call in favours with your Jewish buddies to get us out of this.

>>51683510
The most realistic choice desu

>>51676841
The goyim buck

>>51676841
Goy Shekels (GSK)

When they turned on money printer due to coof back in March 2020, I said inflation. When the printer was still on a few months later I said oh theyre gonna make a war. After inflation war always follows its an easy method to destroy demand and get away with it.
Bitcoin will stop next week due to War between NATO vs Russia officially being declared. Fiber cables and all sats are first to go.
Internet will be gone, back to isdn speeds.

>>51687034
>Fiber cables and all sats are first to go.
>Internet will be gone, back to isdn speeds.
Yes, please.

>>51683501
Imagine being this naive. You need to spend more time on /pol/

>>51687140
>the internet goes back to the late 90s-early 00s era

SOVL

>>51676779
based

>>51687034
>Smelly, sanctimonious yuros kicked off the first world internet
GLORIOUS

>>51687034
>Internet will be gone, back to isdn speeds.
please stop, I can only get so erect

>>51684957
Fractional reserve isnt that bad

>>51687034
>Internet will be gone, back to isdn speeds.
WinMXbros...we're going home...

>>51676779
So now governments pass terrible policy and central banks bail them out. The obvious moral hazard being that there is no incentive for creating good policy.

The future is Zimbabwe tier.

>>51684395
That's a great setup but chair don't look that comfy

>>51688805
central banks around the world lost a lot of legitimacy and the market does what it does.
it's probably half the reason why Powell is rising fast and won't stop anytime soon, problem is by doing so is admitting the CB previous errors

>>51687034
Does this mean I'll get to listen to the sound of the internet on a phone again?

>>51684754
>HAHAHAHA FIAT MONEY IS LITERALLY A BIGGER MORE ELABORATE PONZI SCAM THAN CRYPTO
>>51684812
>This would happen regardless of whether the Pound Sterling is pegged to something like the Gold Standard
>>51684957
>Not if there was no (((fractional reserve))) banking
Bingo!

Wtf
So they are still raising variable rates while bonds are already dropping.
What are the fixed rates going to do then?

>>51683081
>or everything shits the bed as wages spiral up.
But have wages actually been spiraling up? I haven't seen much to contradict the fact the same wage stagnancy we've had for 20+ years. Companies are still miserly with the purse strings and your average consumer is running on fumes and staying afloat via credit alone.

>>51687034
Saved. See you in two weeks.

>>51687034
Should that be the case they would have introduced higher denomination cash.

Current economy can't operate with such small ammount of bills without them internet

>>51688966
Wages have not gone up. Company profits and C-suite executive bonuses have hit new record highs. Inflation is just an excuse to price gouge the consumers who are running on fumes at this point.

I have a few bongs in the bank, what do?

what do I do with my fucking good boy points (GBP) before they become completely worthless?

>>51688981
Cash bills are too small for economies to operate without internet

>>51689039
>>51690034
Ups tough I had answered this in another thread

>>51677489
Isn’t that exactly what the fed does? QE?

>>51686298
>rename

>>51676841
The L-bo

>>51680827
selling calls on /6b

>>51682935
>maturity 2061
>retiree
nice picture though, thanks for the context.

>>51689745
Buy Gold and XMR.

>>51677489
It doesn't, it just delays it. Combine that with quantitative easing which is all about stealing from fiat savers and it will go as long is it can. The collapse will only happen when the people exchange goods outside of this ponzi scheme.

bump
because most important thread on /biz/ right now

>>51681593
>for those that keep their assets in fiat, yes.
>get out of fiat
into what??

>>51679829

>>51693512
the theoretical answer would be any asset that outperforms the erosion/inflation rate of fiat
the practical answer could mean anything from precious metal, real estate, tangible goods, even non-perishable foods, guns/ammo if you're able, tools, vehicles, alcohol, tobacco. Your imagination is the limit.

bump 123 !@#

>>51676841
Bongbucks

>>51679829
Oh, the price of bankruptcy has gone up. When I applied for mine in 2008 is was around £500. Definitely worth it though. You're only blacklisted for a year instead of six, plus no threat of the bailiffs coming around.

>>51684686
There was something about pension funds getting margin called or someone getting margin called that would have resulted in bond dumping that would crash the pensions. It really feels like the threads are starting to unravel alot faster boys.

>>51676841
CBDC

>>51694201
>>>/toy/

>>51677851
>There's nothing more permanent than a temporary government program
True

>>51677877
Winrar

Lmao

>>51687140
Cant use 4chan anymore
No thx

I just watched a few hour long interview compiliations of british politicians about this mess and they really are delusional. They genuinely have no understanding what is going on and how to fix it. And the opposition in Labour are screeching about the Tories being stupid with tax cuts funded by borrowing while at the same time saying that they too would provide fiscsl stimulus to counteract the effects of high inflation.

It was fucking unbelieveable watching this shit. All doom and gloom aside, but these idiots are actively pushing their economy closer and closer towards the edge of an economic depression. Maybe the eggheads at BoE aren’t as delusional and will be able to counteract some of the damage that the braindead politicians are enacting

>>51676841
Colostomy Coin

>>51676779
Here's a good video on the details what happened with the Bank of England.

https://youtu.be/FgkJ4Qj4KyA

>>51694486

Had the central bank not intervened, there would have been mass insolvencies of pension funds by Wednesday afternoon.


https://www.risk.net/derivatives/7954682/uk-pensions-hit-with-ps100m-margin-calls-as-gilts-and-sterling-slide

From article: Pension funds face large margin calls on the interest rate derivatives and asset swaps they use for asset-liability hedging. Some are also being asked to post additional collateral against leveraged gilt repo positions, as well as foreign exchange derivatives used to hedge US dollar assets.

>>51694486
>Lets pay each other's interest rates. What could go wrong? lol
Everyone involved in this scam should be drug into the streets and hung from lamp posts. None of this should be legal.

>>51694952
You know what's funny, there was this that was posted the other week. Predictions are always shit, however the timing of the liquidity crisis wasn't that far off the mark. Make of it what you will.

>>51676779
>TEMPORARY
It'll keep going until the fed pivots lol.

>>51695278
>There will be no pivot until pain and suffering is known by all.

>>51676779
They want Dollar parity to introduce a common cbdc

>>51694952
Why the fuck do pension funds have margin?

>>51697485
This right here. Its a rigged scam.

>>51684395
>subwoofer aligned with the walls in a square room
this setup is used to jerk off to loli. don't shine UV on that lap tray

>>51697485
Because bond yields have been non existent for over a decade. They're most likely mandated to hold a relatively high amount of bonds and that was one of the only ways to hit their targets.

>>51676779
> bank of england tries bank of japan’s tactics
> Japan has basically negative population growth for decades and inflation is a non issue cause no organic growth
> England imports shitskins by the boatloads

What could go wrong

>>51694486
thanks for turning me on to that channel anon, he explains stuff like i'm 5, which is great. I found myself saying out loud conclusions he was building towards at the same time he said them. great stuff, have a well earned (You).

The UK will do what every European country does: import more third worlders. Lmfao

>>51698097
The uk has grown because it’s population isn’t just dying like Japan. Just because a neet stormcel like you can’t cope with the fact doesn’t make it untrue.

>>51683081
#1. The fed will pivot after the election.
#2. The fed can't destroy employment in a market where you don't even have enough workers because the labor force is dying or dead from the clot shot/bioweapon cocktail

>>51698170
>uk strong
in a thread about BOE bailing out pensions, you really have zero self awareness, don't you?

>>51698280
>#1. The fed will pivot after the election.
the fed won't pivot after the election, look at all the institutional power and politicization, it's all pro-democrat, everyone has also agreed that biden is going to be the fall guy for everything, they will try to save as much power as possible by trying to hang on to seats in the midterm and then after the midterm maybe do something meaningful about inflation and blame biden for everything and try to come up with a way to produce a decent candidate for 2024 whose entire campaign will be "fuck biden" as a democratic slogan

>>51676779
ww3 will sort all this out

>>51695087
Hey which forum is this from?

>>51676779
So the milkshake mixer has finally started.
US dollar (ticker: USD) is about to moon.

>>51697485
Because the decisions made by the UK goverment are so incompetent they were considered beyond the realm of possibility
It's like asking why you don't have insurance for a meteror strike on your home

>>51698860
The slide in gilts came because the UK is already known to be on the edge.
Why, when gilt yields rose (and rose) didn't buyers step in?

>>51695048
>drug
Dragged
>hung
Hanged
The language is named after your country, learn to speak it.

>>51688966
They have from what I've seen with low to mid skill jobs fast food and retail jobs were paying $9-$11 an hour on average 5ish years ago when I got out of highschool now its $15-$18. Alot of low to mid skill blue collar jobs are paying anywhere from $5-$15 more start then they were 5-10 years ago.

>t. Low skill blue collar wagie who's been with the company for a year and a half making $3 less than a guy who's been here for 8 years

>>51676841
Nigger

>>51684395
>guys really live in apartments like this and don't see any issue

>>51684395
>twist left to use keyboard
>twist right to use mouse
>starfish to use both
>cartoonishly sized screens
>crane neck to switch tabs
>speakers on floor
>subwoofer stuck to the side somewhere it can fit
>no desk
>shit lazyfatboy chair
This is one of the worst setups I've ever seen. It has to be a troll. Nobody can be so fucking retarded as to think this is even remotely comfy let alone practical. If this was my only option for internet access I'd unironically go outside instead.

>>51683018
Don’t reply to this tranny bait post

>>51696648
Wtf does this mean? I keep seeing this one liner everywhere. You can’t just spring a cbdc into place once you have a crisis.

>>51676779
Britbongs time to go all in on crypto

>>51676779
https://www.marketwatch.com/story/heres-two-reasons-the-bank-of-england-had-to-step-in-and-buy-bonds-11664378907

>>51676779
>TEMPORARY

>>51699142
No. I won't think I will. The meaning come through fine. Your understanding the meaning fine.

> Liz dipped out as soon as Truss came into power
It all makes sense.

>>51694952
On September 26, 2022, the entire UK pension fund almost completely broke, if not for the intervention of the Central Bank of England.

For some reason, UK pension funds entered into these liability driven investment strategies where it entered into leverage interest rate swaps, where it would pay variable rates but receive fixed rates.

In other words, UK pension funds bet that interest rates would not go up, and received fixed interest rate payments, while paying low variable interest rate payments.

Back then, I assume nobody would enter into these types of agreements unless it's leveraged to benefit the other side (investment bankers).

So when interest rates started to go up, these leveraged interest rate swaps, pension funds started to have to pay variable interest rates x7 while continuing receiving fixed interest rate payments, resulting in large unrealized losses, and got margin called.

On September 25, 2022, the GBP dropped all time lows to against USD, and at one point fell 4% against USD within minutes to an all time low of $1.0382. The circuit breaker had to kick in.

On September 26, 2022, traders pressure bank of England to raise its overnight interest rates by 200 bps in order to defend the pound against falling and continue devaluing. This cause the 30 yr yield curve to spike over 200 bps.

(cont)

>>51703120
As a result of that spike, this cause pension funds to be margin called as described above. Which would have triggered a mass selling of the collateral of the pension funds which likely are 30 yr gilts in order to meet those cash margin requirements of those leveraged interest rate swaps.

Then on September 28, 2022, Bank of England intervene and went on full emergency crisis mode and announced its unlimited QE program in order to buy up all the gilt at 30 yrs and thus implementing trying to control the yield curve on the 30 yr, so that pension funds wouldn't go insolvent.

This sounds like we are heading back to the 2007 financial crisis but much worst.

>>51688906
Oh god yes. I can troll my kids all day with modem noises
>see kids this is what the internet was like back in my day, you had to connect uphill both ways and if you wanted to download anything you had to leave it running overnight only to find out it had disconnected partway through and now you have half a picture on your screen

>>51684686
>Can someone please explain why the Bank of England is buying back bonds? Has the price gone so low that they could fall to zero, hence the BoE stepping in to restrict supply?

Nobody wants to buy the new government bonds so they have to raise the interest rate on them so that they will sell.

This means government bonds with lower interest rates held by pension funds are now worth much less.

This means pension funds are being margin called and potentially could get liquidated which would dump huge amounts of unwanted bonds on the market and the financial system would collapse.

It turns out pension funds are paying out pensions with funds they have borrowed using government bonds as collateral.

>>51698439

>>51695087
second this. Which forum is this?

>>51687034
>Fiber cables and all sats are first to go.

nobody cares about fibre cables. only energy matters. no energy, no power for the fibre.

>>51676830
fpbp

>>51676841
UmBongoCoin

>>51694952
>>51703120
>>51703143
Sounds like Weimar. If UK doesn't end up in hyperinflation in the next few years, the entire economy is fake and gay.

>>51676841
Big Bong Cock (Ticker : BBC)

>>51676779
In these trying times how do we make sure people don't become antisemitic??

>>51676864
Freaking annoying, Truss is even worst than Boris..
Lucky my savings are in cryptocurrency stable, staking on spool and not gaf anymore This so gay

>>51703673
Pounds is deff going sub Dolla, Biden gots what he wants, all western station at his mercy.. Jew shit
>>51701731
Take it easy, am only buying USDC

>>51703473
If BoE measures are temporary, I should exit UK markets and GBP holdings, right?

New Times Poll:
>Labour 57%
>Tories 23%
That would be about 450 seats for Labour. And under 70 for the Tories.

>>51704055
>If BoE measures are temporary, I should exit UK markets and GBP holdings, right?

I am not a financial advisor but it would seem to make sense to sell then buy back in if/when then price falls?

Or can the BoE somehow keep the plates spinning? They didnt manage to against Soros.

>>51704089
>That would be about 450 seats for Labour. And under 70 for the Tories.

Irrelevant. Politics doesn't matter, nor do politicians. What we need is cheap energy to fix things and now there is none.

>>51704129
Post the clip of Clegg in 2010 saying they wouldn't build nuclear plants because they would take 10 years to come online kek

>>51688906
>Does this mean I'll get to listen to the sound of the internet on a phone again?

No. All phone lines go over fibre now.

>>51704055
That's if you Smart
>>51703647
Shits is that kek?
>>51704129
They don't just gaf painfully

>>51677820
Japan will also get out of it when (if kek) their boomers ever fuck off.
England is all into the "le population growth" meme by importing useless eaters.

>>51704150
>Post the clip of Clegg in 2010 saying they wouldn't build nuclear plants because they would take 10 years to come online kek

They actually are buiding one at the moment that is well underway.

https://www.youtube.com/watch?v=qhZypfzRxtE

Its not cheap energy though. Nuclear plants and the fuel cost a fortune. Plus the spent fuel ponds and the decommissioning.

>>51678192
And thats a bad thing... because....?

>>51698919
> Why, when gilt yields rose (and rose) didn't buyers step in?
Everyone is sick of trying to catch falling knives

>>51676779
what a cool building

>>51676841
XRP
The Standard.

>>51704089
Anon, electoral maths doesn't work that way.

>>51704202
Tell us how many years behind schedule and how overbudget Hinkley is.
>Guaranteed energy price in gross excess of normal energy prices
>UK Government responsible for any accidents and decommissioning
>EDF is majority French government which sets prices and uses the UK as its private arm

Literally turned me completely against nuclear. It doesn't matter all your autistic reasoning, governments can't handle large infrastructure projects.

>>51704089
>>51704129
HAHAHAHA Imagine if the UK turned into an actual socialist shithole.

>>51683081
>we have to rug your 401k to keep your wage down
lol

>>51694486
Why were all these investment banks holding these interest swaps with pension funds?
It seems a lose-lose in a way, if interest rates fall you have to pay the pension fund, if interest rates rise, the pension funds risk going bankrupt, meaning you risk losing the money they would owe you.

>>51705580
>HAHAHAHA Imagine if the UK turned into an actual socialist shithole.

it already is. so is the USA. political parties mean nothing.

they are trying to stop things collapsing.

>>51676841
Coco Banga

>>51682822
It is temporary, trust me

My story with chainlink begins in 2004. Someone told me something on a phone dating Chatline. I feel God will show me a sign when it's time to share my story.

>>51705559
>electoral maths doesn't work that way
I think you'll find it does, actually.
That would be the approx results under the current fptp system. Altho, Labour would probably be nearer to 500 seats. It would be even worse under a PR system - with a 34% lead (!) for Labour, Tories would never get elected again. tldr, that poll is, for the Tories, utterly appaling, no other to way to put it.

>>51677419
Holy shit. My money is shit. I’m gonna freeze to death. The Queen died. Supermarkets are out of breed, water and toilet paper. Can life get worst than these?

Lads we're making a comeback. Told you everything would be alright.

>>51706873
Anon, i...

>>51705559
Fucking French faggots can't into nuclear.

Olkiluoto 3 in Finland has been in construction since 2005 and it's still not running. 11 billion dollars down the drain.

>>51704129
>What we need is cheap energy to fix things and now there is none.

the era of cheap energy is over. north sea oil peaked and has been declining since 99. even massive oil monsters like ghawar in saudi are in decline and only have a decade of production left. the tight oil from shale is gone.

it's officially fucking over. we're just gonna have stagflation for the rest of our lives.

>>51703483
>>51698439
Godlike productions, whole site is a psyop but there might be some legit leaks

Y'all are dumb. There will be no hyperinflation caused by this.

They're not printing money to buy these bonds. The Bank of England's reserves are in foreign assets like the dollar and Euro, which will be used for these purchases. This isn't going to cause hyperinflation because they're NOT PRINTING MONEY.

>>51677489
Purchasing their currency takes it out of circulation. Scarcity means their currency is worth more.

>>51707664
>They're not printing money to buy these bonds. The Bank of England's reserves are in foreign assets like the dollar and Euro, which will be used for these purchases. This isn't going to cause hyperinflation because they're NOT PRINTING MONEY.
how do we know for sure that they are selling foreign treasuries to finance the purchases and not printing money

>>51707664
>The Bank of England's reserves are in foreign assets like the dollar and Euro, which will be used for these purchases.
basically it will collapse the pound even more and cause inflation because the uk is an import economy lmao ahahaha fucking bongs are done for

>>51707698
Because this is a normal thing that every central bank across the world does to control the value of their currency. It's the entire reason why the central bank holds any currency in reserve. And the reason why that currency is in foreign assets.

>Currency's price is inflating too high?
Print more to reduce the price
>Currency's price is dropping?
Buy it back to increase the price

>>51707761
How would removing the amount of currency in circulation cause a decrease in value? This place is filled with idiots

>>51707807
evidence against them dumping foreign reserves to finance the purchases:
1. bond yields went from 5% to 3% almost overnight when they stopped buying
2. the GBP didn't bounce at all against the eur/usd. if they were dumping foreign reserves/bonds to buy GBP to buy GBP-denominated bonds, then logically it would follow that their purchasing program would prop up the pound. But the pound doesn't seem very propped up at the moment despite the very drastic change in glit yields

>>51707761
Supposedly they are selling short to buy long. This conforms to a policy of raising the short term rates to get long term inflation expectations under control. People thinking this is monetary easing are kinda tarded.

>>51707664
>The Bank of England's reserves are in foreign assets like the dollar and Euro, which will be used for these purchases

That's only 100 billion. They will run out very quickly and then what?

Don't care. When will BoE finally capitulate and raise that interest rate to keep up with the fed? I want my cheap house already.

>>51708091
selling what short?
gbp?

>>51707838
they want to devalue the pound, but they dont want to spook the bond market. It'll keep falling fasho cuz they'll sterilize rising bond yields and no carry trade money will come in.

If the pound hadn't crashed, they'd have no excuse to bail out the bond mkt.

>>51708175
Selling short term British government debt. The same thing they do to tighten monetary policy.

>>51677369
Moron every reputable source is reporting this GBP Bonds had a massive recovery today off this news... the GBP is literally trading like a a BSC casino coin

>>51706039
because the bankers know that the government would never let the pensions go bankrupt, it is politically impossible.

>>51694952
I work for the government and I do not pay into my pension at all.

Like fuck am I giving you £200 a month for 30 years on the PROMISE that you will give it back to me when I need it, no questions asked.

Literally funding their fucking gambling addictions with my salary. I'll take the extra money and invest it myself thank you.