Its official."New Labour" adopts Weimar style monetary policy by letting the BOE print as much cash as it likes within certain parameters i am told but potentially this will lead to hyper inflation exactly like the US.
You know that your country is fucked when this happens .Its not such a bad thing if its temporary and is controlled and a debt is NOT passed onto the taxpayer but thats unlikely to happen and about as unlikely as the government handing out free 50 quid notes en masse.
Thursday, 15 January 2009
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