BREAKING NEWS! Bank of England Intervenes In Market To Halt Economic Crisis!

What UK is trying to do is step on the gas and break pedal at the same time.

Their central bank buys government bond, which is quantitative easing or printing money, while on the other hand they raise the interest rate: Two exactly opposite operations at the same time.

What are they doing??? Are they simply crazy, or current desperate situation finally has made them totally mad.

Also, printing money is only possible for the reserve currency, US dollar, or to some extent EURO, never for Pound.

If you print non reserve currency out of air, you will get hyper inflation like Venezuela.

I think UK is pretty much done now. totally crazy.

A SMALL SACRIFICE FOR UNICORN!

I MEAN UKRAINE!

Two more weeks. Nothing ever happens.

What is happening in England now happened in Ireland in 2008. The wording is the exact same, it's all BS to avoid a run on the banks and keep the public from panic. The financial system is on a knife edge barely able to maintain liquidity

We were told in 2008 if we didn't have the euro our currency would have collapsed...

US did this for 11 fucking years. Plus, they did while the reserve currency. It did not work. The Fed had 9 trillion on its balance sheet. It cannot do more. That is why BRICS will start a new currency. It will be backed by commodities. You will live in a different world.

Breaking....US rapper 50 cent wants to be known as 1 pound in the UK...

As per usual Ireland was the test case for everywhere else in Europe to see how much people would put up with, from bailing out bondholders to having their houses taken from them. This is just a taste of what can be expected in the UK once the IMF rolls into town

What UK is trying to do is step on the gas and break pedal at the same time.

Their central bank buys government bond, which is quantitative easing or printing money, while on the other hand they raise the interest rate: Two exactly opposite operations at the same time.

What are they doing??? Are they simply crazy, or current desperate situation finally has made them totally mad.

Also, printing money is only possible for the reserve currency, US dollar, or to some extent EURO, never for Pound.

If you print non reserve currency out of air, you will get hyper inflation like Venezuela.

I think UK is pretty much done now. totally crazy.

Its all about keeping the usa economy going as long as possible.

What happens when you have higher interest rates and QE... surly that's goes against all economic practice norms?

EXACTLY THIS!!!

The UK are trying a version of what the banks in Ireland were doing pre-2008 and failed miserably. The next croc of BS will be them telling the people they will burn the bondholders, but anyone with a brain will know thats an illusion of choice, the IMF won't let them and will start to dictate budgets in exchange for assistance. The UK has no clue what pain is yet to come, ask any Greek or Irish person. It will strip the working class and poor and just make the rich richer.

:pinkballoon: Sheee, I've seen that pic before, but it passed me by just how serious it is. You do not touch royalty.