Democracy is ending in the land where it began

Christopher Booker,Telegraph
"The latest contribution to this tragi-farce, it seems, is Sir Mervyn King’s decision to roll the printing presses and conjure a further £50 billion of imaginary money out of thin air. As Fraser Nelson explained in Friday’s Daily Telegraph, this will keep interest rates on annuities at rock-bottom, and thus rob Britain’s pensioners of an estimated £74 billion.

So our pensioners’ money will be disappearing into a bottomless pit of debt, not least to help save the euro, which the EU cannot allow Greece to leave, because this might set off a domino effect, bringing down in turn all those other eurozone countries that have run up debts they cannot repay, and plunging Europe’s and the world’s economy into unimaginable chaos."