UK keeps interest rates, does not print extra money.

[ZenOps]

http://www.bbc.co.uk/news/business-11694582

The interest rate is steady, that is steady at a 315 year low. I don't think the Queen complaining that her heating bills were to high helped encourage the rest of the UK much though.

At least they didn't randomly print money like the US did.

I get the feeling heads are going to roll at the G20 in South Korea next week.

[badatusrnames]

Speaking of the UK, I'm surprised you haven't picked up on this one yet:

http://www.straight.com/article-356712/vancouver/foundation-x-wants-buy-uk

http://www.thinq.co.uk/2010/11/4/did-foundation-x-try-buy-britain/

[ZenOps]

Hey, rumblings are that the Queen is in serious talks about selling one of the four royal castles.

Thats a real estate deal worth mentioning.

"Could be linked to organized crime or terrorism." Oh puleeze, like the British Crown didn't steal half of the Royal crown jewels from India.

[broken_legs]

actually, ZenOps, the UK has monetized the same amount of debt % wise over GDP as the US has via "QE".

When you buy an asset thats worth zero for 600 billion dollars, you have just printed 600 billion dollars into existance and increased the money supply.

http://4.bp.blogspot.com/_nSTO-vZpSgc/TNH13PK0vPI/AAAAAAAAJo8/0DP1_bQV_mI/s1600/QE+US,+UK,+Japan.png




You may also be interested to know that Brazil boycotted the G20 currency summit a week or two ago.

[ZenOps]

Thanks.

I found it odd that the UK wouldn't print money. Finding actual news reports of it must be hushed up a bit. Finding a real Canadian number is tough too.

[broken_legs]

Originally posted by ZenOps
Thanks.

I found it odd that the UK wouldn't print money. Finding actual news reports of it must be hushed up a bit. Finding a real Canadian number is tough too.

Beleive that its happening in Canada too. We have an Ex Goldman Sachs guy at the helm of the BoC. I fully guarantee at some point there was an investor or bondholder who has been bailed out here in Canada. The government was giving banks capital in 2008 (in canada!) to prevent liquidity issues.

TD Bank and RBC are 'Primary Dealers' to the Federal Reserve which means they have an agreement to purchase treasury notes at auction no matter what.

And of course, let us not forget about CMHC and the Canadian mortgage bonds that are backed by the CAnadian government.

Our economy is fake too.