Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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Sir Mervyn King: Britain on the brink of second credit crunch

Sir Mervyn King: Britain on the brink of second credit crunch | Countdown to Financial Armageddon | Scoop.it

Britain is on the brink of a second credit crunch, the Bank of England warned
as it slashed its growth forecasts for the economy and raised the prospect
of a double-dip recession.

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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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How to Create Money Out of Nothing: Great BBC Video Explains All

How to Create Money Out of Nothing: Great BBC Video Explains All | Countdown to Financial Armageddon | Scoop.it

The Bank of England injects more money into the economy via quantitative easing, but what exactly is "QE"?

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Bernanke Says US Economy 'Faltering'

Bernanke Says US Economy 'Faltering' | Countdown to Financial Armageddon | Scoop.it

Here comes QE3! US Federal Reserve Chairman Ben Bernanke tells Congress that the US economy is "close to faltering" and more action may be needed. 

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Cartoon from 1912, one year before the creation of the Federal Reserve… amazing.

Cartoon from 1912, one year before the creation of the Federal Reserve… amazing. | Countdown to Financial Armageddon | Scoop.it

Ok, so this appeared on a conspiracy site, but such an arresting image!

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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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Japan steps in to weaken currency

Japan steps in to weaken currency | Countdown to Financial Armageddon | Scoop.it

The Japanese government and central bank take steps to weaken the yen and protect the country's economic growth.

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