Re: Brown's Banana Republic preparing to start the printing presses...

On Sat, 13 Dec 2008 13:52:18 +0000, James Hammerton
<jah.usenet@xxxxxxxxxxx> wrote:

abelard wrote:
On Thu, 11 Dec 2008 01:12:39 +0000, aracari
<spamtrap@xxxxxxxxxxxxxxxxx> wrote:

No, we have no bananas today, we have no bananas today.

ooooooooooh yes we do:

http://business.timesonline.co.uk/tol/business/economics/article5321228.ece

"The economic situation has become so serious that last night the
Treasury was not able to rule out the prospect of extraordinary
measures being taken to pump billions of pounds into the economy.
The Bank of England was reported to be looking at a crisis
strategy known as ?quantitative easing?. This would involve the
Bank buying up either government or commercial debt using bonds
and securities. It is the direct modern-day equivalent of printing
money."

.......

"Peer Steinbrück, the German Finance Minister, described Britain?s
switch from financial prudence to heavy borrowing as crass and
breath-taking. In an interview withNewsweek magazine, he
criticised the decision to cut VAT. ?All this will do is raise
Britain?s debt to a level that will take a whole generation to
work off,? he said."

slight correction re your title....
he's been printing money for years.....
this is just (another) technique for accelerating the rate

I draw your attention to this:

http://www.order-order.com/2008/12/something-odd-in-banking-bill.html

The Banking Bill will repeal a section of the 1844 Banking Act that reads:

"And be it enacted, That an Account of the Amount of Bank of England
Notes issued by the Issue Department of the Bank of England, and of Gold
Coin and of Gold and Silver Bullion respectively, and of Securities in
the said Issue Department, and also an Account of the Capital Stock, and
the Deposits, and of the Money and Securities belonging to the said
Governor and Company in the Banking Department of the Bank of England,
on some Day in every Week to be fixed by the Commissioners of Stamps and
Taxes, shall be transmitted by the said Governor and Company weekly to
the said Commissioners in the Form prescribed in the Schedule hereto
annexed marked (A.), and shall be published...."

Thus the obligation to print weekly reports on money issuance is being
removed, just as the government is ramping up inflation.

and outrage...but it is to be expected.....

britain is now ruled by a gang of the corrupt...
the normal endgame for socialists...

the usa 'obscured' similar figures a year or two ago....
but there are sources who are reassembling them....
but the usa does have a considerable degree of freedom....

my first expectation is that similar bricks will remain available
in the uk...at least for a while.....just further buried....

in corrupt regimes the money supply is just one of the things
claimed as 'state secrets'...

regards
and thanx for letting me know

--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc 1,552,396 document calls in year past
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