The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.

The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.

  • theneverfox@pawb.socialEnglish
    1·
    4 days ago

    As in the money in the UK is not freely flowing through the real economy, the one where money has a healthy velocity (eg the same pound flows from the carpenter to the baker to the electrician to the cafe worker and leaves everyone involved enriched by goods and services)

    Instead, the lion share of the money is tied up in London playing games with math. It’s not even investments that create more economic activities… It’s just making money on paper

    It means that while the GDP looks good on paper, the velocity of money continues to drop and the real economy is being starved

    It’s also a severe problem in the US, but long story short, when the US economy pops the UK economy is going to also be thrown into chaos