Friday, 14 September 2007
Now we see just how safe and healthy our economy really is(n't) when a bank; Northern Rock runs out of money and has to go cap in hand to the Bank Of England for a loan. For fuck sake, a bank borrowing from a bank?! Customers are queeing outside branches to take their money out. Yes this may be a media induced panic, but....... Any way I heard a 'financial expert' telling people not to panic, because The Bank Of England could print "as much money as it needed." I shit you not. Isn't this what happened in pre-war Germany? but this time people will be using motorized wheel barrows from B&Q to carry their cash in.