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Printing Money - invest in wheelbarrows


Bank 'to cut rates and print money' - Scotsman.com News

The Bank of England is set to slash interest rates to another all-time low and announce plans to pump newly-created money into the ailing economy.
With borrowing costs also set to fall to 0.5% after a sixth successive month of cuts, the Bank is now pulling out all the stops to stave off a prolonged slump.
Chancellor Alistair Darling is expected to give the go-ahead for the Bank to create up to £150 billion, according to reports this week.

If we look over the Atlantic we can see what these exciting policies will bring us - I'm surprised Gordon hasn't found the time for an extra leg on his trip to touch the hem of his economic guru, Venezuela's Hugo Chavez as he tightens state control of food amid rocketing inflation and food shortages...

Comments

It's like, they are getting ready for Red Nose Day, but the joke is on us.
Printing money has never been the answer!

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