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13 Comments
- diguptruth77, on 06/26/2009, -1/+9Isn't the Bank of England the British counterpart of our Fed Reserve?
Don't we see what they're doing? ***** the smaller banks by MAKING them vulnerable, then telling everybody why they should have MORE power so they can MAKE SURE no huge crash of the system happens... Sound familiar? - slifty, on 06/26/2009, -0/+5It must be a Water or Flying type bank.
- damack, on 06/26/2009, -0/+3Thats exactly what they are doing and the long term consequences are terrible.
***** in fact they've sat on their ass and made the economy worse during the recession. If the Chinese weren't pouring so much into our economy this country would have been in serious trouble.
Problem is the pound is getting weaker its only a matter of time before they stop investing in it and buy copper and other metals instead.
I love this country but with my experience in finances I'm scared for the next generation of this country. - roodammy44, on 06/26/2009, -0/+1They already have stopped buying our gilts (equivalent to US bonds) about a month or two ago and can you guess what the govt has been using to buy up our humongous debt???
Yes, that's right - printed money (mysteriously called quantitiva easing).
Stagflation, here we come... - ep53, on 06/27/2009, -0/+1I despair when I read views like yours.. The Bank of England and central banks in general, primarily the Fed are responsible for the crisis that occurred through setting artificially low (non free market determined) interest rates and thus masses of cheap credit that created a speculative binge and in the aftermath of the collapse that they facilitated, they continued to inject billions of uncommodotised currency as an attempt at a cure. Central banks and the monetary system (in the sense that money has no defined scarcity and is not redeemable against a valuable asset like gold) is why we suffer vicious boom bust cycles. This is NOT the fault of irresponsible or greedy bankers as the media might have people believe. They are merely pawns in an intrinsically faulty model.
- LilJimmyNordin, on 06/26/2009, -1/+2As long as Briana Banks is okay, we can all relax.
- andygavin, on 06/26/2009, -1/+2Thank goodness for the Bank of England: they seem pretty sane. I'd suspect that this goes for most banks in the world that are in the same position. I hope this affect the shares enough to compel the banks to come clean.
- Whitecoolie, on 06/26/2009, -1/+2Heh, sounds very similar to the US Government's situation.
http://digg.com/politics/US_Government_to_Pass_Mor ... - sodade, on 06/26/2009, -0/+1Short the GPB and get rich?
- 3rdDay, on 06/27/2009, -0/+1I still wouldn't rule out large scale nationalisation of failing financial institutions. And the taxpayer will pay and pay again.
- askhyder, on 06/28/2009, -0/+0Start your company in India. It is least affected with the recession.
For more information on how to do business in India log on to
www.companyregistrationhyderabad.com - buzaman, on 06/26/2009, -1/+1All the banks are insolvent. This is not news, its a consequence of a Fractional Reserve Banking System. Toss in Central Banking and a Fiat currency and you've got the trifecta of doom. Its all a confidence game.
- inactive, on 06/26/2009, -6/+1Cool story, Bro.
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