The 4th Bomb » London 777 Financial Attack – Wall St Plunge 30-Sept-08 http://www.the4thbomb.com The Book That Shook MI5 Sun, 22 Jan 2012 09:13:22 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 The Bank Of England’s Virtual Money Theory http://www.the4thbomb.com/bank-of-england-virtual-money-theory/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-england-virtual-money-theory http://www.the4thbomb.com/bank-of-england-virtual-money-theory/#comments Thu, 05 Mar 2009 13:07:15 +0000 Daniel7:7 http://www.the4thbomb.com/?p=372
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In the wake of the financial attack on London launched on 30th September 2008 the City have decided not to follow the Zimbabwean government’s lead by printing tons of money in response to the financial crisis. Instead it has made the Bank of England credit £75 billion to banks. This is a virtual amount because there’s no gold backing it up in the Bank of England’s reserves, they just added extra zeros to some accounts, sorted. Legalised fraud? Yes, but still, as long as they promise to pay the bearer. The problem remains… none of these masters of finance, i.e the Lord Fred the Shreds of this world have the slightest idea what effect this latest gamble will have on the crestfallen British economy. Isn’t life exciting?

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