This page has been archived and commenting is disabled.
Is The Bank Of England Giving The Market A Hint Of What's To Come?
Despite Bank of England's Mark Carney confident overtones that policy-makers must focus on economic developments rather than worry about potential market volatility as they consider exiting stimulus, it appears the esteemed central bank is communicating 'forward guidance' on its money-printing expectations over the next decade... BANK OF ENGLAND SIGNS 10-YEAR BANKNOTE PRINTING CONTRACT WITH DE LA RUE... starting in April 2015 (when US rate hikes might start?)
Carney warns:
"We have to accept that as this process moves forward, as some economies emerge from a period of exceptional unconventional stimulus, there will be greater volatility,” Carney said in an interview on CNBC today.
“That in and of itself should not influence the path of normalization of monetary policy."
And then...
Bank of England enters new 10-yr contract with De La Rue to print its banknotes.
De La Rue was preferred bidder. BOE says it “completed assurance activity on De La Rue’s bid and finalised the contract”
Printing under the new contract will begin April 2015
* * *
It seems that instead of being recession-proof, money-printers are the perfect hedge for a new normal of lower for longer rates and "we're ready to print if stocks ever drop 10%" 3rd mandate followers - no matter what the bankers say.
»
- 11895 reads
- Printer-friendly version
- Send to friend
- advertisements -
“That in and of itself should not influence the path of normalization of monetary policy."
STFU about what should or shouldn't happen. We're way past right and wrong here.
WE NEED MORE INK!!!
PRINT, BITCHEZ! PRINT!!!
The Bank of England is the market maker in the LBMA physical gold rig - has been for decades.
They wear a large part of the responsibility for the global debt bubble catastrophe that is on us.
http://www.safehaven.com/article/35400/fix-gold-collapse-the-world
Well, well, well... look who is one of De La Rue's company advisors:
N M Rothschild and Sons Limited
http://www.delarue.com/investors/contacts.aspx
The Rothies are everywhere. Just like the Rockefeller's. There's not a single important strategic assets they don't have their evil claws buried in.
Man o man, are these criminals patient, clever and utterly ruthless. Going through the various material you have to admire them to hate the mofos.
We are nothing but Gentiles, unworthy and viewed as filthy slaves. Such is the Zionist/Talmud view.
even when it wasnt them i knew it was them
In May 2012, De La Rue was not commenting on rumors that it had a contract to print Greek drachmas once Greece was booted out of the Euro zone. With Greece's departure not happening any time soon, De La Rue decided to lock in its income from English pound currency printing. The mantra in the Eurozone is just spend, spend, spend. Borrow to the max. Carpe diem. Life is just a free ride on a mega yacht owned by one of the City of London insiders you are funneling money to, money obtained in part from the bedroom tax on poor people living in council flats.
Moral hazard? Who fucking cares?
"The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild
Why am I starting to feel that I'm in the wrong class.
U.S rate hikes.... Lol. Good one.
possible
of course, after FR announces that rates hikes will be in 1 bps increments ...
...yes, every 20 years...
yeah.....its a Monday morning comedy act for morons
Perhaps if central banks actually had to print all the money they "create" with their quantitative easing they might do less of it.
As Bernanke once said they can 'print' money for essentially zero cost. I suspect if they actually had to produce paper banknotes two things would happen. The denomination would rise and the quality would plummet.
"De la rue" or "à la rue" ?cough coughcough cough
for those who perfectly understand the language,cough coughcough it not really means the same thing, AT ALL cough cough
Yeah but even if the do more QE the atock market might just give up and break (as japan did)
click baits get weaker ... and weaker
still get you, apparently.. :)
A better indicator of what's to come is Carney tapped a UK Archbishop to hold 12 months quasi religious ethics and morality courses for upcoming young bankers 24-35 yo so they won't be crooks.
I don't believe for a second it would help but it's an admission by Carney that bankers are deservedly seen as scum by the masses.
With electronic functions increasingly bring the norm, does printing in 2015 mean they are catering for collectors or electronic breakdown due to EMP, hackers etc?
Under extreme economic stress, physical banknotes are preferable to digital ones and zeros. When the ATM machines stop working, when the EBT cards won't scan, when checks won't clear and all confidence is gone, that's when you'll want greenbacks in your pocket, not their derivatives. cf Exter's Pyramid. Gold at the apex, followed by banknotes. They can't print #1, but they can print #2.
Oh those old trades...
The carpenter, the blacksmith, the cobler, the miller...
Oh shit, and need I mention the most common ones...the prostitute and the banker..
Did the winning bidder find a way to put nine zeros on every bill without expanding the usual note-size?
Columbus Day Hurricane Watch
Gee Whiz, they can’t find good labor for $10/hr and $800/mo rent, a ratio of one instead of four, surprise.
Don’t fight nature is a better rule of thumb than don’t fight the Fed, because all the latter can do is control a shrinking sub-system, with increasingly arbitrary complexity, employing duration mismatches that the resulting automatons think of as money; in other words, talk, always redefining the problem to suit themselves, in a search for something for nothing.
If you are hunting the big wave, you want a hurricane, or better yet, a swarm of hurricanes. If you built your house in the wrong place, you don’t want a hurricane. Both factors affect the spacetime of hurricanes. The majority is always unprepared, in the wrong spacetime, attempting to rule out nature with derivatives, hiding in a box, assuming that collectivist human ‘power’ is more than trivial.
If equality was more than a slogan, it would already be a given, and the business-card, back-of-an-envelope simpletons, doomed to repeat the past, have already been given the passive investment rotation. Just bet on noise, without the institutional overhead, if you seek increasingly worthless money.
The empire is not about fiat, silver, bonds and stocks; it’s about Carney, Dimon, Gross and Blankfein, the global social networks of feudalism building artificial borders to control labor. Putin doesn’t need $60US oil, but those experiencing demographic collapse need $150US oil just to maintain dead inventory.
There is more potential energy than the gatekeepers could ever dream of spending, and all current energy technologies are a bad joke. Einstein was a patent office boy, given an A on the Bell Curve of Best Business Practice at University, who was surprised that one objective-based politician was no different from another, not a Galileo, let alone a Leonardo.
History tells you that 10% of your time effectively spent in the empire, at a ratio of four, will free 90% of your time, and there are an infinite number of paths not leading to Rome. Pick one. My wife knows more about economics than the monkeys and apes, and her interest is entirely casual.
The critters build their technology in a clean room, expecting something other than financial repression choking themselves, when it fails in the real world and they spend all their remaining resources trying to prove otherwise. Humanism, an extension of gravity, does no work, by design, which has its uses. Where there is a free will, there is always a way.
Don’t bring global city habits home and expect labor to take the resulting virus seriously. There is never a shortage of physical and intellectual commodities, and there is always a shortage of talent and skill, for a reason. Fascism, anxiety-ridden zombie consumers efficiently destroying the natural environment they depend upon, is self-adjusting.
Feeding RE inflation with drought and moving to Las Vegas, to demand more public education, drinking bottled water and brushing with fluoride, is no reason to follow the herd. Funny, they have plenty of water for the loss-leading tourism/drug/entitlement economy, but no water for the real economy, and you are suppose to accept the resulting fascism as a given.
Labor works, from and to nature, regardless of the latest empire monetary and fiscal fad, all noise. Define labor any way you want; an empire can always be shorted into itself. Recycling the lower middle class from place to place, as a replacement for labor, in an irrelevant negotiation among the upper middle class, only lasts so long, and the empire has run itself out of free will.
The ignorant, jealous and greedy little critters got mad because I was charging $150/hr and free rent for 20 hrs/wk. How do you suppose they like me now, that the shoring under their economy is collapsing?
The titration continues…tick, tock. You don’t have to do anything, but you might want to move forward, or not. Labor discounts away the empire, until it doesn’t, and things go boom. Always begin at the end, by letting the empire strangle itself, arguing over the lack of oxygen, living and dying by Family Law.
Einstein didn’t invent nuclear energy any more than Columbus found the New World. All empires are myths, that manufactured majorities assume as a given, until they can’t.
you forgot "this is zeta talk"
The medically correct terminology is Cuckoo-talk...
The Bank of England just like the Non-Federal, No Reserve, is a criminal enterprise working against the aims of humanity.
Its time we not just burned these cunts down, but eradicated the fucking problem from root to limb.
Usury was never allowed till 100 years ago, its time we brought this back and hanged the bastards that disagree.
You hear that Dimon you filthy cunt? You want to hope the throat cancer gets you before some fucker like me strangles you to death you fucking cunt.
And on that note, fuck the Bank of England, and that piece of shit cunt and her inbred kids that back it.
You will, be held accountable.
Dog said so.
;-)
I was missing the liberal sprinklings of c***ts in the comments sections lately! Almost never amiss.
Jim Willie claims Dimons cancer stunt is a scam - preparing to bale out any time on "medical" grounds
De la rule! Economy sick = print money.
Doctors orders!
Wake me up when DE LA RUE, Starts printing German Marks
LOL so they won't start printing money until they can actually PRINT it?
Listen to me:
We are entering the phase that raw material suppliers world wide are reducing and even halting supplies.
Unless a triple Lehman is triggered to wipe out multiple claims on real assets, economy will accelerate the current deterioration.
Listen to me. Raw material world is abandoning the western world right now.
Which would explain the rate hike 'talk'. Money changers trying to compete with 'real' stuff. They'll backstop it with reverse repo's.
Paper is probably still a better choice (temporarily) than the digits in a computer you write so well about ..there were posts some time back on "dollar backwardation"with exactly that theme. I've seen a 3 day delay on the debit card company charging my payment to a gas station. If I pay cash they have it right away.
agree
"How It Unfolds, Deflation Then Inflation
"As all bubbles do, they pop. This debt bubble we find ourselves in now is no exception. This Mother of All Bubbles (MOAB) will initiate as a deflationary crisis as panic causes money and credit to tighten. Deleveraging, the clearing of debt, is common during a crisis. Credit will not be easy to get and debts will be harder to repay. The stock market will lose it’s phoney inflationary value quickly as investors liquify their portfolios. In a deflationary economy cash rules the day, not credit. Money will be hard to come by. Those with savings and cash will do well for a while. This is the correction. It would be over quickly if left alone to reallocate resources correctly. The dust settles and the economy has been realigned into something more sustainable. That is until the Fed steps in with more inflationary intervention.
"To no one’s surprise the government and Fed will step in to “rescue” the economy again. Only this time the amount of monetary inflation required will have to be something unprecedented. Interest rate manipulation will be limited as they are already near zero, so the Fed will turn to it’s only tool and pull out the inflationary hammer. But printing the mega amount of money needed to stop a deflationary scenario will only lead to a currency collapse. Complicating matters, the big banks will begin to release those huge reserves they’ve had on their balance sheets for years. They too will be cash strapped. The foreign reserves that once sat idly overseas will come flooding back as foreigners attempt to divest themselves in a currency that is rapidly sinking in value. Hard assets, property and businesses will be bought up by foreigners at a rate never seen before. Americans will be pressed in to selling anything and everything they have in an attempt to maintain cash reserves. Gold and silver will be desired and cash will be exposed as the useless paper it is. After the dust settles, we will find ourselves no longer the masters of our own destiny. Businesses and assets will be held by people other than Americans. We will become foreigners in our own country"
http://www.thebluecollareconomist.wo...-or-deflation/
That's not a prediction. It's been happening for years. The bubble will not 'pop'. It will, slowly, be replaced with a totally worthless currency. Baby boomers retirements will 'disappear' to pay for it.
"s The Bank Of England Giving The Market A Hint Of What's To Come?"
Enquiring minds want to know!
Oh, PLEEEEEEAAAASE is ZH now competing with beforeitsnews?
"BANK OF ENGLAND SIGNS 10-YEAR BANKNOTE PRINTING CONTRACT WITH DE LA RUE... starting in April 2015 (when US rate hikes might start?)..."
BANK OF ENGLAND SIGNS 10-YEAR THEFTNOTE PRINTING CONTRACT WITH DE LA RUE... starting in April 2015 (when US rate hikes might start?)...
An American, not US subject.
someone please tell me how the queen's currency is worth more than the dollar???