Quantitative easing is the printing of money by the Government’s Central Bank.
The Bank of England’s money printing is set to hit £1 trillion over the next year due to the Lockdown and COVID.
A £Trillion is an eye watering one thousand £billion. That is the equivalent to half of the entire annual Gross Domestic Product of the UK. The Government’s huge debt will have to be paid back over many decades by our children and grandchildren.
The Government’s Central Bank sells bonds worth a £TRILLION, to fund the disastrous effect of the Lockdowns and COVID, and the commercial banks and rich people buy them.
The Government then purchases them back at a higher price, which causes inflation and an increase in prices for consumer goods, which disproportionately affect the poor.
The rich get richer and the poor get inflation.
The billionaires are laughing all the way to the Bank…
And the joke’s on you.
During the biggest self inflicted economic slump EVER, the really wealthy have never had it so good.
You would expect the so-called ‘opposition’ to be shouting about this gross inequality, in favour of those that are already the richest people in the world, from the rooftops, but the Labour Party and the other ‘opposition’ parties in Parliament are silent.
Why would that be?
We are living in a one party dictatorship.
Boris has no opposition worthy of the name.
Cllr. Brian Silvester
Candidate, Crewe West
Putting Crewe First