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My God, it's a Depression!


In turn, the Bank of England announces the global depression. For neophytes, remember that depression is more severe than a recession : it lasts more than two years and it greatly increases the underemployment and poverty ...

A month ago we noticed that this string of official announcements, which were quietly stalk end of February. Have succeeded in dribs and drabs, in order:

• The IMF, through the voice of his spokesman Dominique Strauss-Kahn;
• Mr. Balls, an aide to British Prime Minister Gordon Brown;
• Alan Greenspan, former governor of the Federal Reserve United States from 1987 to 2006;
• George Soros, the multi-billionaire speculator;
• Paul Volcker, Federal Reserve Governor of the United States from 1979 to 1987 and member of Team Obama.

[The Crisis for Dummies " Soon on TV: The great depression of 2009. "]

And here now that the specter of depression is stirred by a central bank, and not just which: the majestic Bank of England has just warned his people against the good dangers of deflation during :

"The Country is displaying early symptoms of being trapped in a so-called 'debt deflation trap' where families find themselves pushed further and further into the red every month, according to a Bank report published today.

The stark warning will cause serious concerns, since it was this combination of falling prices and soaring debt burdens that plagued the US in the 1930s.

The Bank is using its Quarterly Bulletin to highlight the threat posed to the economy by deflation – where prices fall each year rather than rise. Although inflation is currently in positive territory, it is expected to become negative in the coming months.

[...] The Bank’s report says: 'This configuration of falling asset prices and depressed economic conditions In The face of adverse demand shock IS year include recent and prospective With Macroeconomic Developments in the United Kingdom and Internationally "

[The Daily Telegraph:" Britain Showing Signs of heading Towards 1930s-style Depression, says Bank "]

We've had the opportunity to present a synthesis of problems England in this crisis [The Crisis for Dummies: "The hour of very tea "], and to highlight the setting discreet way of printing money across the Channel, through quantitative easing [The Crisis for Dummies " The Bank of England released the parachute. "]

Meanwhile, the American voices, including the very noticeable, Ben Bernanke, current governor of the Federal Reserve of the United States, announced with a vengeance to resume in early 2010. So why the pessimism suddenly at the Bank of England?

not forget that the monkey is always closest to the precipice that breaks the silence.:
[The Crisis for Dummies: "The shock kung fuck "]

... my tailor is bankrupt?

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Crisis for Dummies