The Bank of England’s Implicit Deficit Monetisation Will Destroy the Currency
- maneco64
Today I look at the co-operation between the Bank of England and the UK Treasury in indirectly monetising a huge increase in government deficit spending. I will refer back to what happened in Germany during and after the First World War and how the U.K. and the rest of the world are set on the same path to ruin or fiat currency destruction.
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