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**unlucky** · May 22, 2012, 06:58 PM

Re: IMF tells the British:- PRINT!!!!!!!!!!!!!!!

Originally posted by Mega View Post

Print you Motherf*ckers !!!!!!!!!!!!
http://www.guardian.co.uk/business/2...summit-tsipras

Well, i gues that answers my "Do i buy Gold now?" question....
Mike

Mervyn King is a genius, who has solved the problem of maintaining "inflation-fighting" credibility by moving the 2% inflation target out to "two or three years from now". (i.e. "current course-and-speed, inflation will hit the target in 3 years time therefore it's OK to start printing more money if that's what we think we need to do"). An excellent precedent for Ben Bernanke and Mario Draghi when they too face the challenge of re-defining what it means to be an inflation fighter in the 21st century. For this King deserves a knighthood, certainly he gets my vote for "Only Persion in Britain Who Has a Clue What's Going On". Seriously, everything King says indicates he knows the only way out is to print money, as quietly as possible.

http://news.yahoo.com/boe-governor-k...3--sector.html

"We have been through a big global financial crisis, the biggest downturn in world output since the 1930s, the biggest banking crisis in this country's history, the biggest fiscal deficit in our peacetime history, and our biggest trading partner, the euro area, is tearing itself apart without any obvious solution.

"The idea that we could reasonably hope to sail serenely through this with growth close to the long-run average and inflation at 2 percent strikes me as wholly unrealistic. We're bound to be buffetted by this and affected by it."

"The balance of risks around the target two to three years from now is broadly evenly balanced. You can make an argument for doing more asset purchases or indeed an argument for making fewer asset purchases.

(Current UK inflation rate is just over 3%, down from 3.47% in March).

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IMF tells the British:- PRINT!!!!!!!!!!!!!!!

IMF tells the British:- PRINT!!!!!!!!!!!!!!!

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