BOE’s Carney on Brexit, Trade Uncertainty, U.K. Economy: Statement

Nov.07 -- Bank of England Governor Mark Carney speaks at a news conference in London about uncertainty surrounding Brexit and global trade tensions, and the outlook for the U.K. economy. This is the opening statement of Carney's news conference in London following publication of the central bank's monetary policy report.

[henryjarvis]

Considering the EU will not be reasonable, a no deal Brexit is the best long solution for the UK

[globalreaction]

In short, I am talking out of my ass.

[goldassayer]

Debt Jubilee

The problem in the Economy is too much consumer debt. 

The Solution is proposed by Steven Keen of Australia the Renegade Economist. We need a Debt Jubilee where the Central Bank creates money out of nothing and Give it to each consumer to pay down debt. 

When the consumer debt load has been reduced to near zero the consumer will again be ready to buy stuff and get the economy going. 

Pay off Student loans, mortgages, car loans and credit card loans to zero with money not loaned but created and given to each consumer.

Hire Steven Keen and put him in charge of this program.

[MrEvertonian]

All of my money is going into the FTSE100. We will see.

[yayamon]

The world printing press & minus 0 interest rates will keep the party going for a while

[richardburton]

The UK economy has done better than the EU on the idea of leaving despite the uncertainties. Global economic outlook is dismal due to continuous printing of money by central banks and the lending this free money to their friends, by the time the money trickles down to us prices have gone up and productive small businesses are failing. The European Investment Bank is just about to go bankrupt again and the population will be forced to bail them out (another big transfer of wealth to the ruling class) - the UK is liable for about 500 billion Euro. Let's leave with a clean Brexit before the final nail is driven in