Since writing the previous blog I have read the latest offering from CynicusEconomicus: The Bank of England - The Printing Presses Start Turning. This, I would suggest, should be required reading for every tax payer in this country.
The fact that the main stream media are apparently not capable of reporting the situation adequately means that there cannot be an informed debate over the BoE latest policy.
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We are only just begining. Worse is yet to come.
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