Quantitative Easing: Printing Money

Well its now happening and for all of you out there Good bye Great Britain Hello Zimbabwe.

Honestly what is the Bank of England trying to do to us?

Massive hyperinflation coming Its so that they can get us to riot when the price of a loaf of bread gets to £100 and implement the Civil Contingencies Bill

I advise you to go read it on the web where it is freely available and see that it can be implemented at the drop of a hat. That plus the Lisbon treaty bringing back the death penalty. It wont be long before they shoot you dead for breaking curfew and that will be on the streets of Britain.

The video explains Printing money for the casual observer. Not very well but well enough

The value of the pound in your pocket already only buys what a penny did in 1901

Now it won't even be worth a farthing by next month

Quantitative Easing: Printing Money

The Bank of England is about to fire up its printing presses, and start printing money, and consequently the value of the pound in your pocket is about to go even further down.

Already a pound today buys what a penny or a ha penny did in Victorian times, and remember that there were 240 pennies to the pound back then, So an income of four pounds a week in Victorian times was equivalent to a salary of 70000 now.

The Times has a link here


Welcome to ZanuLabour and hyperinflation and the Zimbabwean barrel load of money

What do the Weimar Republic, Zimbabwe and now Great Britain have in common?

For anyone struggling with the correct answer, may I point you to Guido's excellent post and comments, from today

Alistair Darling( luvvie) may have said that we are not going to print more money but that is a lie, he means hes going to turn a blind eye if more is printed.

They are changing a law that has been around for over 164 years

I shall quote a bit

The Government is set to throw out the 165-year old law that obliges the Bank to publish a weekly account of its balance sheet – a move that will allow it theoretically to embark covertly on so-called quantitative easing. The Banking Bill, which is currently passing through Parliament, abolishes a key section of the law laid down by Robert Peel's Government in 1844 which originally granted the Bank the sole right to print UK money.

... Debating the issue in the House of Lords recently, Lord James of Blackheath, a Conservative peer, said: "Remove [this] control and there is nothing to stop an unreported and unmonitored flooding of the money market by the undisciplined use of the printing presses. If we went down that path we would be following a road which starts in Weimar, goes on through Harare and must not end in Westminster and London. That is the great fear that the abolition of that section will bring about – but the Bill abolishes it."

Robert Peel the same man who established the police force and why a colloquial term for the police is the Peelers

Yet the government lies to you hand over fist ( tip you can tell when Gordon does it He cackles with laughter)

Another person who comments on Guidos post says that he predicts war

I support that prediction The war that 1984 ( the book) has is going to become real.

Im going to try and persuade my elderly parents to invest in gold bullion rather than have paper money in their savings accounts.

It might mean that they enjoy whats left of their retirement rather than fall prey to the five billion pound note issued on December 21 2012.....
Repent
The end of the world is nigh ....


I mean in Eschatological terms the death of Wedgwood as an industry and it going into administration when it was one of the first companies of the Industrial revolution , is a portent of doom

The Mayan calendar finishes in 2012