In These New Times

A new paradigm for a post-imperial world

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.

Independent

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.

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