Today the USA has announced that it is going to pump another $600B into the system, commonly known as quantitative easing. That's the equivalent of burning $1M a every single day since the time of Attila the Hun in the 5th Century. This is to be added to the $1.75 trillion that has already been printed. These are huge numbers. Two words come to mind. Bloody hell. Literally.
And here we have councils adhering to government directives to reduce spending by cutting road repairs and shutting down child care facilities. Two thoughts come to mine. The American Tea Party Movement and Parkinson's Law. Help! We need to sort these bastards out now before they reach the tipping point of no return.
Bob Hope - "A bank is a place that will lend you money if you can prove that you don't need it."
9 hours ago