Tuesday, March 17, 2009

Monopoly Money?

IMF poised to print billions of dollars in `global quantitative easing`
The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.

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Printing money: £150 billion leap in the dark for Bank of England
The Bank of England has taken an historic "step into the unknown" by pledging to create £150 billion of cash and pour it into Britain's stricken financial system.

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