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UK: £500 billion bail-out to insure banks' bad debt

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sty

posted on Feb, 23 2009 @ 06:49 AM
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A new one, in UK. Original link here





Taxpayers' money will be used for a £500 billion bail-out to insure banks against toxic assets as part of the Government's latest banking rescue package.


I made a quick calculation , it looks like this new bail-out means 15000 £ worth of taxpayer money per UK working person.

Where are the 500 bil. £ from?




posted on Feb, 23 2009 @ 07:59 AM
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reply to post by sty
 


EU leaders turn to IMF amid financial crisis
www.iht.com...

Inter-connected?


sty

posted on Feb, 23 2009 @ 08:16 AM
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reply to post by Hx3_1963
 


YES, same people behind indeed. The architects of the crisis with the purpose of gaining total control over the worlds money supply / economy.



posted on Feb, 23 2009 @ 08:21 AM
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THe 500 billion will be coming from "quantatative easing",in other words the Bank Of England will be printing money.This will reduce the value of the pound in your pocket and most likely lead to hyper-inflation.They don't call it the nuclear option for nothing!The uk is BANKRUPT-we are going down the plughole.



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