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UK CPI inflation ended 2011 at 4.2% (December) coming down sharply from a peak of 5.2% (September) that despite the mainstream presses continuing academic backed falling inflation / deflation risk warnings remains at more than DOUBLE the Bank of England's 2% target that continues to make a mockery of the central bank whose primary remit is supposedly price stability. CPI 3% was supposed to have been the maximum level a break above which was supposed to trigger a series of panic measures to bring inflation under control, instead of which the Bank of England has instead opted to print money that to date officially totals £275 billion of electronic money printing that the fractional reserve banking system will eventually leverage to over £1 trillion for the primary objective for the monetization of government debt as warned of now 2 years ago in the Inflation Mega-Trend Ebook (Free Download). UK debt continues to be monetized at the approx rate of 15% per annum, with only the deflation fools and vested interest academic economists unable to realise the highly inflationary consequences of governments monetizing their own debt. For the risk is not just what we witnessed during 2011, but the risks are of loss of confidence in fiat currency amidst a panic that would fast accelerate towards hyperinflation.