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Reform plan raises fears of Bank secrecy

Discussion in 'Finance & Banking' started by Tropo, 16th Jan, 2009.

  1. Tropo

    Tropo Well-Known Member

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    Reform plan raises fears of Bank secrecy

    The Bank of England will be able to print extra money without having legally to declare it under new plans which will heighten fears that the Government will secretly pump extra cash into the economy.
    Reform plan raises fears of Bank secrecy - Telegraph
     
  2. Chris C

    Chris C Well-Known Member

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    Should help push gold prices up and rekindle some good old fashion fears of hyperinflation...

    :D
     
  3. Tropo

    Tropo Well-Known Member

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    Pure speculation!! :rolleyes:
     
  4. Chris C

    Chris C Well-Known Member

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    Well I speculate that England has dug themselves and their Pound a big hole and that with policies like these they hasten the likelihood of the pound depreciating below the Euro which will ultimately put a lot of pressure on the UK adopting the Euro.

    One way or another the UK is between a rock and a hard place.