A la Weimar: The Bank of England has just crossed the line into Outright Government Monetizing

Last week’s news that the Bank of England had stopped Quantitative Easing early because it was not needed was a load of rubbish.  The truth is that it was stopped early because MORE COUNTERFEITING WAS NEEDED, and the BOE figured out a way to directly monetize the debt, while out of public scrutiny. 
QE will continue TO INFINITY….AND BEYOND!!!  on both sides of the pond.
The MSM story actually compares the practice to Weimar Germany.

Click here for more on the BOE’s outright gilt monetization:

10 comments on “A la Weimar: The Bank of England has just crossed the line into Outright Government Monetizing
  1. bproman says:

    Tea time. Hip hip and all that jazz.

  2. snoop diddy says:

    reading ‘When Money Dies’ at the moment… riveting stuff.

  3. The Dork of Cork says:

    “MORE COUNTERFEITING WAS NEEDED, and the BOE figured out a way to directly monetize the debt, while out of public scrutiny”

    WHAT A LOAD OF CRAP

    How is it counterfeiting ?
    Its the fucking state.

  4. The Dork of Cork says:

    If HMT spend the money on rebuilding the UKs railways it might increase the UK productive capacity.

    If anything is counterfeiting its the credit banks producing credit in the Sterling unit of account.

  5. The Dork of Cork says:

    Something they can do right away………..

    en.wikipedia.org/wiki/Skipton-East_Lancashire_Rail_Action_Partnership

    “The proposal to reinstate the line is considered in the Draft Lancashire and Cumbria Route Utilisation Strategy (RUS) from Network Rail. The RUS contains a number of statements recognising the potential value of services which could be run on the reinstated line and calls for the alignment to be protected.[5]
    Network Rail has, however, stated that it will not be able to fund the construction work[6] which in 2008 was stated to cost £43 million for a single-track line or £81 million for a double-track line,[7] even though it supports the plans.[6] SELRAP are hoping to raise money from other sources, including the Regional Growth Fund”

    http://www.parliament.uk/edm/2012-13/479

  6. The Dork of Cork says:

    Blackpool has a second station.
    en.wikipedia.org/wiki/Blackpool_South_railway_station

    A regular service has a terminus in Colne.
    en.wikipedia.org/wiki/Colne_railway_station

    Please look at the passenger data – these small stations have bigger passenger numbers then most American east coast main stations.
    But the line continued on to Skipton once.
    http://www.panoramio.com/photo/12073846

    These sort of lines are everywhere in the UK.

  7. gordo says:

    Oh a silver buggery site.

    Like that is going to be a balanced view of the issues.

  8. MirrorMirror says:

    .

    Germany joins other nations demanding audit of Fed’s gold reserves
    http://americanvisionnews.com/4861/germany-joins-other-nations-demanding-audit-of-feds-gold-reserves

    .

    BTW … Samsung Hikes Apple Component Price By 20%
    http://www.zerohedge.com/news/2012-11-12/samsung-hikes-apple-component-price-20

    Nice start to the day !
    ;-)

  9. Blah Blah says:

    @Snoop diddy.

    Great book isn’t it? Have you started counting in milliards yet?

  10. JosephConrad says:

    Remembver this sick raqcistr joke and its punchline – he drowned because he stole more chain han he could carry! That’s the problem in the U.S. & E.U. The white wealthy in both region STOLE MORE WEALTH than thy could CARRY – or HIDE from their victims! Now, they must pay the price – Violence from Full Disclosure!

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