Its time for "Grand Theft Gordo"
Well, there was always a risk of it happening in the open instead of by the back door via Government Debt. The BoE is preparing to reduce the value of our savings by starting up the printing presses.
Imagine if you were a brewery and you had a warehouse containing full barrels of beer, your savings. The State is coming. It is driving up in a tanker full of water. It is about to break into your warehouse, water down your beer and then cart off that tanker; not with the water it came with, oh no, but a load of your now diluted beer so it can sell it off for its own profit. This is called theft in all other circumstances.
For some reason it is "permitted" for the BoE to steal my wealth. This is happening in part because the BoE is instructed to protect against price inflation. All those years while true currency inflation was being masked by cheaper imports, the BoE kept interest rates artificially low. This is frankly absurd. The BoE should be there to stabilise the value of the currency, for it has an obligation to uphold its value to those who have exchanged their wealth for those same promissory notes the BoE issues.
Get ready for a "Quantitative Fisting".
The BBC are complicit. They call it a "cash injection". No, it is a SALINE injection into a body that is already suffering from anaemia. Once complete, the blood-letting will recommence.
We really will be Les Miserables!
RED! The ink for overdrawn. BLACK! The heart of Gordon Brown.
RED! Our future they will pawn! BLACK! The abyss they'll pull us down!