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Content about Bank of England

February 2, 2012

Britain Would Be Much Worse Off Without Quantitative Easing

So says Adam Posen, of the Bank of England's Monetary Policy Committee.

What he really means is that the City of London would be much worse off, of course. Britain could not really be much worse off, after all. Increasing unemployment, a demoralised youth, collapsing social and health care, collapsing education, collapsing manufacturing, collapsing infrastructure and an inexorable descent into full scale dictatorship - the list is unending.

January 17, 2012

Inflation Falls To 4.2% - Where's The Hyperinflation, Then?

The main cause of hyperinflation is a massive and rapid increase in the amount of money which is not supported by growth in the output of goods and services. The UK Column has been warning for a number of years now that we are staring hyperinflation in the face. So where is it?

It's there.

It's there in the half trillion Euros pumped into an already dead European financial system at Christmas by the European Central Bank. It's there in the half trillion Euros that the ECB is going to pump in next month. It's there in the trillions upon trillions of dollars pumped into the system by the Fed, and the hundreds of billions of pounds pumped into system by the Bank of England.

December 2, 2011

The Problem With Positive Money

Positive Money bills itself as “a simple solution to the debt crisis”. With a cursory glance, it might appear to be making some of the right noises. On closer inspection, however, there’s just nothing there.

Positive Money states that it wants three things:

1. Make banks ask our permission before they gamble with our money.

October 4, 2011

Credit Easing - More Of The Same

So Osborne's big idea is out in the open now. It's called "credit easing", and it's not quite what it seems to be.

Media commentators are presenting it as a much needed shot in the arm to British business. No longer will they have to go cap in hand to unsympathetic bank managers, who cannot lend them any money, because they don't have any money to lend. Now, they can issue some corporate bonds, and swap them for cash at the Bank of England.

But what does this mean, for the country and for the companies who take part?

September 25, 2011

A Step In The Right Direction - UK's First Hydrogen Refuelling Station

The UK's first hydrogen refuelling station has been opened in ... Swindon. Hmmm.

The press release describes it as a "collaborative" effort between the British Oxygen Company, Forward Swindon economic initiative and Honda, who's absolutely brillaint FCX fuel cell powered family saloon has been featured within the pages of the UK Column a number of times.

Honda is hoping that the station will serve as an example of the public-private-partnerships necessary to rollout the necessary infrastructure to support their hydrogen cars nationwide.

September 21, 2011

Bank Of England Ready For More QE

As predicted, the Bank of England is ready to restart the money printing presses once again, possibly as early as next month.

Today's release of the Monetary Policy Committee minutes state that it is:

increasingly probable that further asset purchases to loosen monetary conditions would become warranted at some point ... for some members, a continuation of the conditions seen over the past month would probably be sufficient to justify an expansion of the asset purchase program at a subsequent meeting.

September 4, 2011

The Cattle Are Being Stolen, You Bloody Cowards!

In 2008, then South African president Thabo Mbeki’s mother, wrote an open letter to the South African people, severely criticising the nation's political leadership. Published in the Johannesburg Sunday Times, she concluded: "South Africa wake up. Zemk’iinkomo Magwala Ndini! (The cattle are being stolen, you bloody cowards!)"

Since 2007, hundreds of billions of pounds of banking assets have been wiped off the books. For a year or two now, we've been told that these same banks are "profitable" again, but the truth is that its only through hyperinflationary injections of cash that this illusion has been made possible.

February 14, 2011

Save This Nation - Rebuild The Economy

The ignorance of the majority of our political classes to the enormity of the financial crisis that we face is staggering. Their wilful denial of the fact of the continuing collapse of our nation, its institutions and ways of life is absolute deliberate treason. In fact, I would go further, it is murderous, and that fact will become clear as the destruction of the NHS takes its toll.

As a result, they prefer to decimate public spending, while at the same time increase VAT and other taxes, in order to pay off the banking mafia that pays their salaries.

Policy Of Bailout

In 2008, our then "Prime Minister", Gordon Brown, set himself up as the "global chancellor of the exchequer" and took his tale of global bailout to the G20 conference. He organised the cooperation of the other nineteen nations in setting about a policy which could only ever have had one outcome.

Gordon Brown is not a stupid man. He certainly understood exactly what he was doing, just as he did when he gave "independence" to the Bank of England in 1998 and when he sold off the nation's gold for a song.

August 9, 2010

Surviving The Perfect Storm

Britain is bankrupt. There's no getting around that fact. We have a national debt of over £900 billion and rising. We have a massive black hole in the public pension pot of £1.2 trillion. We have personal debt of £1.5 trillion.

That is a total shortfall, today, of £3.6 trillion.

£6 Trillion - £188,000 Each

If we add corporate debt onto this figure, then the nation, its people and its employers owe somewhere in the region of £6 trillion to bankers in one form or another, complete with its burden of interest. And we are told we can solve this debt problem by creating more debt.

February 21, 2010

Of Patriots

A people may choose, or hereditary succession may raise, a bad prince to the throne; but a good king alone can derive his right to govern from God. The reason is plain: good government alone can be in the divine intention. God has made us to desire happiness; he has made our happiness dependent on society; and the happiness of society dependent on good or bad government. His intention, therefore, was, that government should be good... A divine right in kings is...a divine right to govern well, and conformably to the constitution at the head of which they are placed. A divine right to govern ill, is an absurdity to assert it, is blasphemy... The office of kings is, then, of right divine, and their persons are to be reputed sacred. As men, they have no such right, no such sacredness belonging to them: as kings, they have both, unless they forfeit them.

- Henry St John, Lord Bolingbroke, "The Idea of a Patriot King"

Introduction

August 31, 2009

Rebuilding A Nation

Britain is in a state of collapse. That must seem like a redundant statement, since just about everyone recognises it. Things are getting bad enough that even our immigration "problem" seems to be solving itself.

August 5, 2009

60 Days To Doom

History is a cyclic poem written by time upon the memories of man.

- Percy Bysshe Shelley

A gloomy and muggy summer weighs Great Britain down, punctuated by frequent and turbulent rain storms. Our weather seems appropriate, as the menacing clouds of a great and terrifying international storm gather around us. Can this be how our forbears felt when confronted with the horrific calamities of their times, a “war to end all wars” of death and carnage on a scale undreamed before?

April 14, 2009

Bank Of England, Sterling & Government Treason

Many people believe that the Bank of England is a privately owned corporation. Many people believe that it's owned by the Rothchilds.

Neither of these beliefs is true.

The truth is much worse.

The story of the Bank of England is the story of the British Empire. The British Empire was never a political empire. It was always a monetary financial empire, as much a parasite on the people of Great Britain as the rest of the world. The idea of the Victorian's British Empire bringing civilisation to the darkest parts of the world is one that needs real reconsideration by many Britons.

February 24, 2009

A Tale Of Two Ideologies

When sorrows come, they come not single spies, but in battalions

- William Shakespeare, Hamlet

While uber Kommisar Gordon flails and flops around in his vat of rapidly boiling financial crisis oil, a horse nowhere in sight, the flames lick ever higher across the battered shores of UK PLC. With HBOS dragging the once proud Lloyds into the pit of mire and corruption from whence sprang our one-eyed-and-purple-tied nemesis, the rusty penny has finally begun to drop on a middle England still smarting from the demise of Wedgwood and wondering when the garden center is going to close down:this is indeed no ordinary “cyclical“ crisis.