John Ward – Analysis : As Britain Goes Bust, Carmerlot Goes For Broke – 10 September 2013

But rising rates are going to prevail

Next time George the Idiot Draper tells you everything is just fine and dandy, I suggest you read this post here, which I shall now bowdlerise and summarise below for those in a hurry.

The Bank of England Asset Purchase Fund Facility Ltd is a ‘vehicle’ set up to Quantitatively Ease Britain’s ‘economy’, aka save banks, inflate dividends and keep stock prices up in order to give an entirely false impression of what’s really going on. If you like, this £100 company (I’m serious, that’s what it cost the Treasury to set it up) trades in UK gilts while buying up toxic sh*t.