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Brit's Central Bank Buys there Own Funny Money!

serfserf Member Posts: 9,225 ✭✭✭✭
edited September 28 in Politics

Yep and the stock market here jump 500 points gosh could there be a connection? You know it's another con job when they paper over the debt with more paper! 😁 Enjoy the charade. It' won't last!

serf

https://www.mirror.co.uk/money/breaking-bank-england-launches-temporary-28101090

The shadow Chancehllor said of the Conservatives: "Their decisions will cause higher inflation and higher interest rates - and are not a credible plan for growth.

The central bank has paused its plans to sell government bonds, and instead will do the opposite by starting to buy up old ones.

The aim is to calm what the Bank of England is calling “dysfunctional markets”.

When central banks buy their country's own bonds - a sort of debt - interest rates tend to fall.

That matters to all Brits because these interest rates are built in to the price of things like mortgages and loans.

Comments

  • wifetrainedwifetrained Member Posts: 1,137 ✭✭✭

    Wasn't the Fed's doing the same thing during the 2008 financial debacle?

  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited September 29

    Those Central banks are in casino mode with crooked politicians the last 50 years that money could buy. Now they are getting ready for a Cashless society after The House has spent all the money for/on themselves and will trade your freedoms for a bailout into a new digital currency with a bail in conversion of your old money with pennies on the dollar. Just watch !

    Socialism on steroids as The Green Deal with the world economic forum council with The Bank of International settlements brings in the World's New order.

    Now if you are in Cat's bird seat with massive investments in New technological investments that are being formed now with Artificial intelligence with manufacturing with new green services and goods then you moved to the top as oligarchical winners and masters of the next Utopian con job for the future.

    serf

  • yoshmysteryoshmyster Member Posts: 19,954 ✭✭✭

    Here I thought this was about them printing King Chuck on their money. At least they won't be many renditions like Queen Elizabeth had over the decades.

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