George Osborne unveils £140bn scheme to kick-start stagnant British economy
Posted by seumasach on June 15, 2012
Effectively, another bail-out of the banks. Instead of facing the reality of the bankruptcy of the banks, their dodgy assets are to serve as “security’ for further funding from the Bank of England. Thjs will eventually lead to run on pound and hyperinflation.
15th June, 2012
GEORGE Osborne unveiled a £140bn (€173bn) emergency scheme to try to avoid a second credit crunch caused by the ongoing chaos in the eurozone.