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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (16487)1/20/2009 11:47:49 PM
From: maceng2  Read Replies (1) of 71454
 
The English will revolt before giving up the Pound.....

Not me -g- It's only f**ks like Murdoch putting rubbish in the gutter newspapers that starts stuff like that. If UK residents knew they were better off without the pound they would drop it in an instant.

At the moment, the BOE will have to prove it has a purpose. i.e it will not just put us into deeper doo doo then having the euro. A point yet to be proven.

Is this a sensible way ahead or just more crapola?

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In conducting asset-purchase operations under its new facility, the bank needs to choose the markets that it intervenes in extremely carefully, Mr. King said.

"There is a fine dividing line between helping to oil the wheels in markets which are temporarily impaired, and artificially supporting markets in which there is no underlying demand," Mr. King said.


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BOE Chief Says Bank Is Set to Lift Money Supply

online.wsj.com
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