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View Full Version : LOL: Bank of England to buy UK bonds?




Johnnybags
03-05-2009, 06:19 AM
This is what is on tap for us. Our third largest buyer of US bonds is now printing money to buy its own bonds? No sign of a cut in any government spending? I guess the powers that be have drawn a line in the sand and are basically telling citizens that thier currency purchasing power will be diminished. Also, they obviously cannot continue to buy any of our bonds so who does? Uncle Ben will be buying them on the QT.



http://www.bloomberg.com/apps/news?pid=20601087&sid=a.2NTU.IAU1A&refer=home