Today I look at the co-operation between the Bank of England and the UK Treasury in indirectly monetising a huge increase in government deficit spending.
I will refer back to what happened in Germany during and after the First World War and how the U.K. and the rest of the world are set on the same path to ruin or fiat currency destruction.
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Thanks again, Maneco64, Thanks for keeping us educated and informed. As some say, a hyperinflationary period is a mathematical certainty.
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The problem is human memory. The lessons from the past are forgotten after a generation or two, and have to be relearned. There is something called collective memory, but it is hard to define. The only place where lessons from the past are recorded and integrated for eternity, is in technology. Everything else goes around in circles/ back and forth in pendulum motion.
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