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This is the plan;

To devalue the pound Sterling so they can then purchase real pounds cheaply with their foreign reserves in order to dilute all the fake/electronic pounds they created to prop up the banking system through QE.

Then they can run down their foreign reserves, remove all the fake pounds from the British economy to boost the exchange rate back up by buying back the foreign reserves.

;)

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This is the plan;

To devalue the pound Sterling so they can then purchase real pounds cheaply with their foreign reserves in order to dilute all the fake/electronic pounds they created to prop up the banking system through QE.

Then they can run down their foreign reserves, remove all the fake pounds from the British economy to boost the exchange rate back up by buying back the foreign reserves.

;)

Yep, I think it will make gilts more attractive.

More importantly, the QE cash is boosting asset values, including the assets purchased by the UK goverment.

Win win it seems, for everyone not holding cash.... <_<

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i say the £2 litre is only an hour away......

Thats before they whack on duty as well!

Not sure inflation targetting is such a good idea. Surely Wage growth targetting would be a better idea?

Edited by mbga9pgf

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Thats before they whack on duty as well!

Not sure inflation targetting is such a good idea. Surely Wage growth targetting would be a better idea?

oil is easy to manipulate and taxate for the masses. its a daily essential.

in effect the 'bread' of today.

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Thats before they whack on duty as well!

Not sure inflation targetting is such a good idea. Surely Wage growth targetting would be a better idea?

They dont target inflation - they target inflation expectations which is what drives wage growth -creating an unwelcome feedback(

).

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This is the plan;

To devalue the pound Sterling so they can then purchase real pounds cheaply with their foreign reserves in order to dilute all the fake/electronic pounds they created to prop up the banking system through QE.

Then they can run down their foreign reserves, remove all the fake pounds from the British economy to boost the exchange rate back up by buying back the foreign reserves.

;)

There's a plan?

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