tag:blogger.com,1999:blog-33825131217256115.post6992974131573592330..comments2023-07-19T09:18:00.774+01:00Comments on Ye Olde Blogge: How big of a debt mountain has the UK got to climb today?DPhttp://www.blogger.com/profile/01965423353442076871noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-33825131217256115.post-7082490028784204912012-05-01T15:54:51.057+01:002012-05-01T15:54:51.057+01:00In order to bridge this gap, either the "prin...<i>In order to bridge this gap, either <b>the "printing presses" at the BoE are going to have to "run white hot" for some time, leading to the likelihood of an inflationary fire running through the economy</b>, or much of this credit is going to be destroyed through defaults, leading to a deflationary holocaust. </i><br />What you said!Clyde Frognoreply@blogger.comtag:blogger.com,1999:blog-33825131217256115.post-89105432949578835202011-07-01T13:12:54.226+01:002011-07-01T13:12:54.226+01:00Check out the top and bottom line of the Reserve B...Check out the top and bottom line of the Reserve Balances column! Woah boy!<br /><br />So... just where did these mystical reserve balances of base money come from, eh? The amount of base money the banks have on reserve has basically trebled over this graphed period.<br /><br />Quantitative Easing in action...DPhttp://barondayne.blogspot.comnoreply@blogger.com