Wednesday 19 October 2011

QE or Not QE

We all know that the Euro Zone is in a mess – bail outs etc etc.

But just how bad is UK PLC??

The Pound dropped against the euro again, following the Bank of England

Saying it’s going to do more QE – which is printing money to your or me.

Not that they print the stuff, they just do this electronically – just product money out of thin air, which is a nice trick if you can get away with it.

I suspect if we tried this on our bank accounts – we be ‘done for fraud’ – good old UK where only mugs work, and MPs and Councillors get brown bags full of Cash!

The UK must be pretty bad if we are dropping values against the Euro