The post you are reporting:
You are right, Peter, in your assessment on QE, however, in my post on the previous page I did say that a QE measure would require a strict inflation-curb policy on the part of the Government.
This would prevent the stink-rich becoming richer on a money-printing initiative.
The fact is, though, Peter, the Bank of England is likely to do some money-printing any time soon, according to available information.
My point is, this time round it should be to the direct benefit of those really in need.
Examples:
1 to pay off hopeless private debts that people have contracted at very high interest rates and which they could never pay off. Often - indeed usually - these are hard-working people with children who got themselves in a debt spiral, have paid back all the initial borrowed money, but are paying mountains of accumulated interest.
2 Increase unemployment benefits for people who we know are out of work because there is so much competition from Eastern Europe. It's not fair to force people into unemployment and then make them suffer on peanuts-benefits.
3 Fund training courses for unemployed people to help them get back into work, so-by relieving employers from training expenses, such as apprenticeships. Training courses should also see the participants receiving a decent income during their training period.
4 increase the minimum wage for UK citizens, but not at the expense of the employers.
And a few more.
As said, Peter, the BoE will probably do more QE, tens of billions of pounds worth in one go, but it is likely to go to anyone OTHER than those really in need.