Saturday 17 January 2009

£200bn to save banks from bad debt.

If the UK government is bailing out the banks...
...who is going to bail out the UK government?
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2 comments:

knoxknox said...

Is the severity of our situation a strictly Anglo-Saxon thing, SoundMoney?

17 January 2009 at 09:52
sound money man said...

The banking crisis itself is global. It is a crisis of fiat money and the fractional reserve system. Private investors and foreign governments have been only too willing to monetize the western government debt. Our media wants to portray the credit crunch as a problem with consumer credit - which is only the tip of the iceberg.

18 January 2009 at 04:50

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