Governor of Bank of England- World facing worst financial crisis since at least the 1930s “if not ever”
The UK telegraph reports that-
The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night.
Yep, but that’s not really news to most of us who can do maths and have been watching socialism take us to a living standard that was unaffordable because the money needed to sustain it really didn’t exist.
And what is the Governor’s solution to the problem? He’s printing even more worthless paper.
Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession.
As usual, the left wing media is busy printing the nonsense that this is a failure of capitalism. Yeah sure, capitalism has always worked assiduously to engineer its own death.
The anti-capitalist left are behind this. Its what they’ve been working for for decades, and they’ve been ably assisted by left wing cronyists posing as capitalists. (GE’s Jeffrey Immelt for example) This disaster is down to the left who have always wanted a societal collapse so they can use the resulting disarray to seize power. Its the way they have operated throughout history.
BTW, how’s that $300 million a week borrowing commitment looking Bill?
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