Wednesday, January 21, 2009

How Much Money Is There In England? What An Unpatriotic Question Comrade!

There is a bill wending its way through the halls of parliament which would remove a pretty important requirement from the Bank of England (BOE). Parliament are looking to stop requiring BoE to fully disclose its balance sheet for the first time in a couple of hundred years.

So?

So they would be able to print money and not tell.

How [deleted] up do your banking system and the moral infrastructure of your government have to be, when you are paving the way to increase the money supply without telling the people about it? It is impossible in the current environment to generate inflation due to the destruction of wealth, but the depression won't last forever.

Contact your MP before this goes through. Yelling into the wind may be futile, but at least you can say you tried.

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