News reports are suggesting that the Bank of England is set to print more money in an attempt to boost the weak British economy. The process, known as quantitative easing, means that the central bank (in this case the Bank of England) buys up bonds from other banks in order to help finance those banks and improve their lending. Where does the Bank of England actually get this money from? They create it out of thin air!

Yes, they actually print money and put that into the banking system, and anyone with even a basic grasp of finances knows that the more money that is out there, the less it is worth.

In Douglas Adams's 'Hitch Hiker's Guide To The Galaxy', a prehistoric Earth is colonised by settlers from another planet; those deemed the least useful to their home planet's society. Once on Earth, they hold meetings and one policy decision is to adopt the leaf as their currency. Of course this policy is shown to be flawed somewhat, when one settler points out that the ready availability of leaves means it would now take "three major deciduous forests to purchase one ship's peanut".

We're told that this policy is essential in order to stave off economic collapse, but at what cost? Will we all need a forest to buy a peanut? At this rate, quite possibly.

The following cartoon which I found on youtube explains quantitative easing (from a US viewpoint; it mentions the Fed, but the basic principle applies regardless of the nation) and illustrates what a flawed idea it is (some strong language!)

When you consider that this money, created out of thin air remember, is loaned out and interest is charged on it, you see what a swindle the whole thing is.  More about the Conspiracy Against Your Money is explained on the DVD which you can get from my site; click the link to find out more.