"Governor Mervyn King said it will take a long time to recover and the slump will become even worse if the Government fails to restore the health of the banking system.
He said the Bank may have to start printing money within weeks in a desperate attempt to pull the country out of its economic dive."
Did you hear that, folks? The governor of the Bank of England just threatened hyperinflation. Maybe it's got something to do with this story, from the London Telegraph of January 16th 2009:
"The Government is set to throw out the 165-year old law that obliges the Bank to publish a weekly account of its balance sheet – a move that will allow it theoretically to embark covertly on so-called quantitative easing. The Banking Bill, which is currently passing through Parliament, abolishes a key section of the law laid down by Robert Peel’s Government in 1844 which originally granted the Bank the sole right to print UK money."
ARE YOU GETTING THIS YET? THE NEW WORLD ORDER IS MAKING IT'S MOVE.
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