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June 16th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: ING Cut as Moody’s Downgrades Dutch, Belgian Banking Groups nbsp
Print Yet More Money! Bank of England unveils £100bn to fight eurozone threat
The Guardian – The Bank of England will start pumping up to £100bn of cheap credit into the UK economy – at least £5bn a month – within the next few days. This is on top of its £325bn quantitative easing (QE) programme. The schedule for the Extended Collateral Term Repo Facility auctions – which are reminiscent of the ECB’s LTROs – will be set out at 8am. And under a new “funding for lending” scheme, worth up to £80bn, the Bank will provide cheap loans to banks for several years, at below market rates, in exchange for the banks lending the money to households and small and medium-sized businesses. Read Article
Tags: 2nd Great Depression, debt wealth, Europe, financial system
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