Far from considering quantitative easing, we now know that Gordon Brown has been implementing it for some time. The facts as laid out in the Redwood Diary are indisputable as they come from the Bank of England's own weekly statements. The very same Bank of England informed the Government back in 2006 warning of the 'Credit Crunch', that's a full year before 'Northern Rock'. Printing Money (quantitative easing) is a form of devaluation in all but name,and it would require the full knowledge, and sanction of, the Prime Minister himself. Remarkably, the Banks devised the first 'Bank Bail Out', and alongside that, we now know that Gordon Brown was printing money as part of his grand financial plan.
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Meanwhile in the USA:
"Since September, the Fed’s balance sheet has ballooned from about $900 billion to more than $2 trillion as the central bank has created new money and lent it out through all its new programs. As soon as the Fed completes its plans to buy up mortgage-backed debt and consumer debt, the balance sheet will be up to about $3 trillion. " (New York Times)
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