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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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British banks could ask taxpayers for more cash as Credit Crunch Part Deux arrives

British banks could ask taxpayers for more cash as Credit Crunch Part Deux arrives | Countdown to Financial Armageddon | Scoop.it

Sir Mervyn King, the Bank's Governor, confirmed that there are "signs of a credit crunch already in the euro area". Banks have been ordered to slash bonuses to staff and payments to shareholders to get their houses in order as a second credit crunch bears down on the
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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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Bank of England's dire warning over eurozone threat

Bank of England's dire warning over eurozone threat | Countdown to Financial Armageddon | Scoop.it

Banks should prepare to withstand an "extraordinarily serious" climate, with the eurozone crisis the main worry, the Bank of England chief says.

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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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