Furlough Scheme

Staff wages are only a part of the cost and if the revenue lines dry up many companies will simply run out of cash without and future guarantees. They in turn have to wait to reclaim the money and also will have customers conserve their own cash and not pay bills as they are due.

Decent companies however are postponing dividends.

Anyone thinking they were getting free money has lost their mind. Any kind of handout or money paid without work is going to be paying it back in some way or another.

comment by Cinciwolf----JA606 NFL Fantasy Champion 2019--... (U11551)
posted 3 minutes ago
Anyone thinking they were getting free money has lost their mind. Any kind of handout or money paid without work is going to be paying it back in some way or another.
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Undoubtedly but if it’s through taxation then everyone takes a share.

The thing that gets me, and I’m sure many will jump on this point, is that money only has value because of the value we put on it.

Bank of England literally has a license to print money.

So just create money (out of thin air - which is effectively what happens whenever you get a loan) and then give that money to the nhs, to the suppliers to the nhs.

And then just wipe that debt.

The scheme was designed to stop people losing their jobs because of the virus. If companies didn't have the option to use this government scheme they would just lay them off. Look at the US unemployment statistics last week to see what happens where there is less help for companies.

comment by RipleysCat (U1862)
posted 5 minutes ago
The thing that gets me, and I’m sure many will jump on this point, is that money only has value because of the value we put on it.

Bank of England literally has a license to print money.

So just create money (out of thin air - which is effectively what happens whenever you get a loan) and then give that money to the nhs, to the suppliers to the nhs.

And then just wipe that debt.

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The wiping of world wide debt is now actually being considered.

I’d imagine not too seriously mind as some countries will recover faster and will want that advantage.

The thing is, my uncle is 63 and he wants redundancy.

But his company have told him that he has to agree to be furloughed so they don't have to make his job redundant.
🤔

The monetary system is a giant Ponzi scheme built on a mountain of irredeemable debt.
It's just occurring to people that this debt is never going to be paid back. What collateral there was has long gone, all that's left is a pile of paper promises. 😢

The only blessing is the fact our banking system isn't quite as corrupt as Americas 😅
I have to admit the whole fiat currency system is bonkers but Americas FED system is unbelievable in so many ways.