Thursday, January 08, 2009

UK enters whirlpool towards hyper-inflation

Like a leaf floating across whirling rapids, sterling has now entered the outer edges of a whirlpool which can seemingly inevitably only sweep it round and round and down and down to the inevitable end of a Zimbabwean hyperinflation..... The Bank of England MPC reduced interest rates today by a further suicidal half percentage point to an all time 400 year record low of 1.5 per cent!

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