Thursday 6 May 2010

The Debt Fueled Scorched Earth UK Economy, Remember who's resonsible!

Just been referred to this article , so if you hav en't seen it go HERE

Extract:

The key evidence of the scorched earth policy is in the record 12% budget deficit that the government will run this year and the deployment of quantitative easing for the primarily purpose of monetizing government debt so as to prevent government bond auction failures which would force interest rates higher. Both of these are aimed at generating a false bounce in the economy as the eventual consequences of both is higher inflation and interest rates.

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