The American Empire in a Changing World


Saturday, November 17, 2012

''Britain has taken another step down the road to hyperinflation''

From MoneyWeek

''As a result of quantitative easing (QE), the UK government owes the Bank of England a lot of money.

Since March 2009, the Bank has printed enough money to buy up around a quarter of the government’s total outstanding debt. It now holds £375bn in British government IOUs, (also known as gilts).''

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