Positive growth my #$%$!! If I had a car firm that made a 1000 cars a week and to make that car firm look successful, on the books, I bought 700 of them on a weekly bases. Would that be classed as honest business, or fraudulent behaviour? Because, that is exactly what the (privately owned) Bank Of England is doing with its Quantitive Easing programme. There is a bond bubble forming, so huge, that all bubbles thus far in history will pale in comparison. Stop QE, let the banks fail, Abolish the Bank Of England, start again by wiping every households debts with freshly signed, none interest backed, promissory notes. Just a thought.
Posted on: Sun, 21 Jul 2013 06:44:02 +0000
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