BBC go into doublespeak overdrive

[rjl9332]

From http://news.bbc.co.uk/1/hi/business/7924234.stm

Quantitative easing -or- Taking the economy behind the shed and shooting it.

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"The Bank is expected to try and boost the money supply by a new measure - so far untried in the UK - called quantitative easing.

It is sometimes referred to as printing money, but it will not expand the supply of money by making new banknotes.

Instead, it would buy assets - such as government securities (gilts) and corporate bonds. But as it will not borrow to fund the purchases, it is creating new money. "
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So, it's NOT expanding the money supply (by making new banknotes) but it IS creating new money..

Left is right, up is down, you f*cking useless bunch of corporate brainwashing whores. You can see the editor overlord with rubbing his hands together as that story went out... ' yes, yes, that'll confuse those ignorant f*ckers mwah ha ha ha.. '

[lupus]

its cos of the various definitions of money, i suggest you look up M1, M2 and M3 which are all used to measure the various types of money such as securities and gilts. Cash is part of M1 so while creating new money ie out of thin air by pledging future tax receipts for gilts they aren't expanding the cash supply as such,

[lupus]

A better example of double think on that page is where they say they're doing this to help the financial sector when they are really punishing savers and people living of savings such as retirees who are a BIG part of the 'financial' sector

[smariot]

The correct way to expand the money supply is to create something of valuable, and sell it. More value is now in the system, but the amount of money hasn't changed, thus, all the money now has more value.

Printing bank notes does the exact opposite. Nothing of value is added to the system, but now there is more money, thus all the money now has less value.

Printing money should only be done to keep the amount of money in existence in balance with the amount of value in existence, otherwise inflation happens.

And inflation is basically a special case of robbery, stealing the value of the money rather than the money itself. And it's worse than robbery, if you don't get a pay raise to compensate for your loss of buying power, they're effectively stealing from all your future paychecks as well.

[belial]

The BBC is the NuLiarbor press-office/mouth-piece. Everything NuLiarbor thinks and wants comes across in the way the BBC presents it's programmes/'news'. The BBC does it subtly in order to maintain their 'impartial' image and 'worldwide credibility'.

For instance, it was the BBC that coined the phrase 'downturn' (because 'recession' sounds bad, and makes NuLiarbor look bad too) and they even created a logo for it:

http://www.bbc.co.uk/cumbria/content/images/2008/10/23/downturn_logo_203_203x152.jpg

The article in question is the usual BBC garbage that is designed to both confuse and obfuscate. It also shows how much the BBC panders to this communist/socialist shower of shit of a UK government we have.

[atticus_finch]

The BBC is the NuLiarbor press-office/mouth-piece. Everything NuLiarbor thinks and wants comes across in the way the BBC presents it's programmes/'news'. The BBC does it subtly in order to maintain their 'impartial' image and 'worldwide credibility'.

For instance, it was the BBC that coined the phrase 'downturn' (because 'recession' sounds bad, and makes NuLiarbor look bad too) and they even created a logo for it:

http://www.bbc.co.uk/cumbria/content/images/2008/10/23/downturn_logo_203_203x152.jpg

The article in question is the usual BBC garbage that is designed to both confuse and obfuscate. It also shows how much the BBC panders to this communist/socialist shower of shit of a UK government we have.

Agree with everything apart from the BBC coining the noun 'downturn'. Surely it was, at most, popularised as a euphemism.