Fury as Bank of England Says Printing Money Helps Pensioners and Savers
Monday, 27 August 2012 11:14
Posted by David Icke
'Claims by the Bank of England that pensioners and savers are better off as a result of its controversial money-printing policy were greeted with scorn last night.
Spencer Dale, the Bank’s top economist, said that while pensioners and savers had ‘much to be angry about’, they would have been even worse off if it had not pumped £375billion into the economy.
He even claimed the policy – called Quantitative Easing – had saved the economy from plunging into a deeper recession, with more firms going under and thousands of jobs being lost.'
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