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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%4:00 PM EST

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To: Cogito Ergo Sum who wrote (45212)1/12/2009 6:27:09 PM
From: TobagoJack  Read Replies (2) of 217755
 
<<yield vapourised>> - no one has any business investing in shares other than the top 50 companies around the world. the great culling of private wealth is coming. 2008 was a warm-up.

... to herd folks into ever worth-less bonds, meaning to lend out what money was not destroyed earlier, and then ... here it comes, just in in-tray, exactly per script of the sequence of collapse

alarming transparency in old blighty..

By Edmund Conway
The Telegraph, London
Saturday, January 10, 2009

telegraph.co.uk.

The Bank of England will be able to print extra money without having legally to declare it under new plans which will heighten fears that the Government will secretly pump extra cash into the economy.

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 that originally granted the Bank the sole right to print UK money.

The ostensible reason for the reform, which means the Bank will not have to print details of its own accounts and the amount of notes and coins flowing through the UK economy, is to allow the Bank more power to overhaul troubled financial institutions in the future, under its Special Resolution Authority.

However, some have warned that it means "there is nothing to stop an unreported and unmonitored flooding of the money market by the undisciplined use of the printing presses."

It comes after the Bank's Monetary Policy Committee cut interest rates by half a percentage point, leaving them at the lowest level since the bank's foundation in 1694.

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