Free Money?
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- Senior Forumgod
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Free Money?
I have heard a crazy suggestion that the UK government may give us £500 in vouchers to "buy" something to "help" the economy....
personally I think it is daft...it's just more debt the country will be in....however if I took it...I would try and spend it on my next "CW" watch....
It is suggested that not for "internet" purchases....so I am lucky enough to live within an hour and a half drive from CW towers ....so buying in person is not "internet"...a "British" (hand over heart, standing proud) company
Failing that what would you spend it on?....maybe for me upgrading the stereo system on my beloved MX5. or some fog lights or luggage rack
But what watch would be a decent watch (any brand) for 500 notes??????
personally I think it is daft...it's just more debt the country will be in....however if I took it...I would try and spend it on my next "CW" watch....
It is suggested that not for "internet" purchases....so I am lucky enough to live within an hour and a half drive from CW towers ....so buying in person is not "internet"...a "British" (hand over heart, standing proud) company
Failing that what would you spend it on?....maybe for me upgrading the stereo system on my beloved MX5. or some fog lights or luggage rack
But what watch would be a decent watch (any brand) for 500 notes??????
Remember...your left hand has the thumb on the right hand side
- jkbarnes
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Re: Free Money?
I received a rather sizable relief check here in the US. As my financial position was, and still is, stable, I decided to put that money back into the economy. Rather than buy some big ticket item I’d been longing for, I spent as much as I could locally at small businesses. I spent a decent chunk just buying gift cards from local businesses that had to close due to the quarantine. (And a big chunk going to the local repair man to fix my AC that died!)
Drew
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- Senior Forumgod
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Re: Free Money?
I believe it when I see it! Even if the voucher scheme does materialise, we'll be paying it back and then some in taxes and duties for a long time to come.
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- Senior Forumgod
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Re: Free Money?
Didn't the Australian government do something along those lines during the last recession?
I started out with nothing and I still have most of it left
Re: Free Money?
Why do the government have to pay it back? They print it , no one else can.
Welcome to me modern monetary theory.
Welcome to me modern monetary theory.
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- Senior Forumgod
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Re: Free Money?
Bravo sir! Stimulus checks are of great importance for those that need them. For everyone else I think the responsible thing to do is to support local, small businesses in whatever way you think is appropriate.jkbarnes wrote: ↑Mon Jul 06, 2020 5:52 pm I received a rather sizable relief check here in the US. As my financial position was, and still is, stable, I decided to put that money back into the economy. Rather than buy some big ticket item I’d been longing for, I spent as much as I could locally at small businesses. I spent a decent chunk just buying gift cards from local businesses that had to close due to the quarantine. (And a big chunk going to the local repair man to fix my AC that died!)
2017 CW Forum "Darwin Award" winner.
- H0rati0
- Senior Forumgod
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Re: Free Money?
They do not print it, it is borrowed. A bank "note" is a debt instrument and all "money" anywhere in the world has been borrowed into existence since 1971 except circulating currency from a mint which is paid for with seigniorage.
"There is no beginning to enlightenment and no end to training" - Dogen Zenji (1200-1253)
Re: Free Money?
I am not sure all governments are too worried about whether it is ‘borrowed’ or not as it is unlikely that governments will ever ‘pay back’ the size of their national debts. Look at Japan for example.
The money that is created/borrowed is all used to move the economy onwards
The money that is created/borrowed is all used to move the economy onwards
- TigerChris
- Senior Forumgod
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Re: Free Money?
500 quids worth of ale, split between several local hostelries - supporting my local landlords for free sounds like a good plan to me
- jkbarnes
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Re: Free Money?
Perfect!TigerChris wrote: ↑Tue Jul 07, 2020 4:02 pm 500 quids worth of ale, split between several local hostelries - supporting my local landlords for free sounds like a good plan to me
Drew
- Bahnstormer_vRS
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Re: Free Money?
Nothing in life is ever free; you'll pay for it one way or t'other, sooner or later.
Think of it as a Tax Rebate, then the tax is recalculated a year or so down the line and you have to pay it back!
As to what to spend it on?
I'm sure CW have got some juicy new releases lined up for later this summer / early autumn (I too live within an hour and a half of CW Towers), alternatively I have a week's holiday to Northumberland booked for mid-September, will use is as my spending money.
Guy
Think of it as a Tax Rebate, then the tax is recalculated a year or so down the line and you have to pay it back!
As to what to spend it on?
I'm sure CW have got some juicy new releases lined up for later this summer / early autumn (I too live within an hour and a half of CW Towers), alternatively I have a week's holiday to Northumberland booked for mid-September, will use is as my spending money.
Guy
In small proportions, we just beautie see:
And in short measures, life may perfect bee. - Ben Jonson (1572 – 1637)
Inscription on the Longitude Dial
Hatfield House, Hatfield, Hertfordshire AL9 5NB, England
And in short measures, life may perfect bee. - Ben Jonson (1572 – 1637)
Inscription on the Longitude Dial
Hatfield House, Hatfield, Hertfordshire AL9 5NB, England
Re: Free Money?
During lockdown we have purchased more from a farm shop and a local wine retailer, both of which we only visited occasionally pre Covid-19.
Far better meat and wine than Supermarket or the chain wine retailers.
So I think I would stick with placing a couple of orders with them, rather than big businesses.
The alternative would be spending it on a couple of nice meals in favourite restaurants.
Certainly wouldn’t even think of spending it on a non essential watch.
Neil
Far better meat and wine than Supermarket or the chain wine retailers.
So I think I would stick with placing a couple of orders with them, rather than big businesses.
The alternative would be spending it on a couple of nice meals in favourite restaurants.
Certainly wouldn’t even think of spending it on a non essential watch.
Neil
Other watch forums of interest:
TZ-UK
TZ-UK
- Thegreyman
- Trusted Seller
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Re: Free Money?
I’ll believe it when I see it if we get £500 “free” from the government. Considering the amount of tax I have paid in my life however, I won’t feel guilty (in the highly unlikely event it happens) about spending it on whatever I want.
Patrick
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
C60 Pro 300, C60 Sunrise, C63 Sealander Lucerne blue LE, C65 Dartmouth, W11 Amelia (wife), C63 Sealander (son)
Some others + a few on the way
- missF
- CW Forum Poet Laureate
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Re: Free Money?
Local businesses for me, though I don’t eat out or go to pubs, and I don’t need anything over and above what I have. I may end up buying lots of coffee from my friend’s friend’s coffee shop, and subvert the whole system by not spending the rest
watching you fail in your quest for a “one watch” has been great entertainment
Watchaholic
‘Imprudently spendy’
Thomcat00
Watchaholic
‘Imprudently spendy’
Thomcat00
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- Trusted Seller
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Re: Free Money?
Discounted meals from the Chancellor - a good move imho alongside the other measures, but this crisis gets more bizarre every day.
Current collection incl Citizen, G-Shock, Rolex, Seiko, Sinn & Tag.
Chris
Chris
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