This is still the blind leading the blind as we edge ever closer to the precipice of greater debt. I understand that Charlie Bean must provide reassuranc
e. Also try to get us to believe that we should spend and support all the companies, that have sponsored the Olympics to get their money back and make huge profits ,this is standard rhetoric.
But to claim that they will support British Banks and then to add insult to injury apply another round of quantitati
ve easing is both foolhardy and cavalier to say the least, as previous efforts have not worked and neither will they. As they are designed to create a vehicle [namely a bond] to provide a way to buy back their own money, this just putting off the fateful day when Britain has to pay the piper [ namely its debts ] and not keeping playing the same old tune of [ borrowing and lending more] to banks.
Read the Article at HuffingtonPost
