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Bank of England to fire up the printing presses again ??

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jimmy


Joined: 15/09/2008
Posts: 251

Message Posted:
23/02/2010 14:00

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Message 1 of 4 in Discussion

So the first round of money printing failed, giving us devaluation and the highest inflation in the G7. And what do they propose?



http://www.guardian.co.uk/business/2010/feb/23/mervyn-king-quantitative-easing-eurozone



Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
23/02/2010 16:06

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Message 2 of 4 in Discussion

Quelle surprise!



This article explains the basics of the Ponzi scheme banking has become.



http://www.telegraph.co.uk/comment/personal-view/7273332/Darius-Guppy-our-world-balances-on-a-sea-of-debt.html



jimmy


Joined: 15/09/2008
Posts: 251

Message Posted:
23/02/2010 16:48

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Message 3 of 4 in Discussion

Talking of banks, the RBS (royal bank of Scotland) the one that the taxpayer bailed out, is likely to post the biggest loss of any European bank ever on Thursday.



http://www.bloomberg.com/apps/news?pid=20601102&sid=aNof7rn6_frM





No need to worry though cos the bankers at RBS are in line for a £1.3 billion bonus



http://www.guardian.co.uk/business/2010/feb/19/rbs-bonus-row





more proof that debt is classed as wealth



rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
23/02/2010 17:53

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Message 4 of 4 in Discussion

lloyds will be next big bonus bank , funny how they were all in trouble until the tax payer bailed them out ?



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