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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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DEBT DEJA VU: Bank of England says market risks hit 2008 highs

DEBT DEJA VU: Bank of England says market risks hit 2008 highs | Countdown to Financial Armageddon | Scoop.it

UK market participants see risks of major crisis at their highest since just
before the collapse of Lehman Brothers, with a eurozone break-up their top
worry, according to a Bank of England survey.

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Why QE2 will damage pensions by pushing inflation up and interest rates down

Why QE2 will damage pensions by pushing inflation up and interest rates down | Countdown to Financial Armageddon | Scoop.it

The Bank of England's website homepage states "the Bank sets interest rates to keep inflation low to preserve the value of your money". Such sentiments ring hollow as inflation roars ahead. The bank is ignoring the evidence and increasing inflation risks further.

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BOE Chief Mervyn King admits: "This is the most serious financial crisis we've seen at least since the 1930s, if not ever,"

BOE Chief Mervyn King admits: "This is the most serious financial crisis we've seen at least since the 1930s, if not ever," | Countdown to Financial Armageddon | Scoop.it

The Bank of England caught financial markets by surprise yesterday by announcing that it will inject £75bn into the ailing British economy over the next four months.

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ECB Called For Italy Budget Cuts by End of September - Will They Comply?

ECB Called For Italy Budget Cuts by End of September - Will They Comply? | Countdown to Financial Armageddon | Scoop.it

A leaked letter reveals the European Central Bank told Italy to make big changes to its labour laws and take action to cut its deficit.

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Inflation to rise despite Bank assurances as economists downgrade growth forecasts

Inflation to rise despite Bank assurances as economists downgrade growth forecasts | Countdown to Financial Armageddon | Scoop.it

The official rate of inflation is predicted to rise even higher this week, defying assurances price rises will fall back, while two heavyweight economist groups downgraded UK growth forecasts. City economists say inflation could hit 5 per cent when figures are published Tuesday 18 Oct, putting further pressure on the incomes of cash-squeezed families, savers and pensioners.

 

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Bank of England's QE2 may reach £500bn, economists warn!

Bank of England's QE2 may reach £500bn, economists warn! | Countdown to Financial Armageddon | Scoop.it

The Bank of England may have to inject as much as £500bn into the economy to rescue Britain's faltering recovery, economists warned after the central bank shocked markets by restarting its money printing programme.

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The Printing Presses Have Started Again! Bank of England Injects £75bn Into Economy

The Printing Presses Have Started Again! Bank of England Injects £75bn Into Economy | Countdown to Financial Armageddon | Scoop.it

The Bank of England says it will inject a further £75bn into the economy through quantitative easing (QE).

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