SHOCKING? The Bank of England Makes An "Official" Announcement.
From Greg M
Lions!
The Bank of England has “officially” announced that it will intervene with debt market instability. (Just in case you were unaware, intervening in debt market instability/rigging is a common practice of central banks).
Bank of England Statement: The new facility will only be activated during episodes of severe gilt-market dysfunction. (ONLY? Really? how about no…)
Now, The Bank of England is making it “officially” known that they will continue to rig the debt market.
Can I see your shocked face?
GM
The BoE also said they will not disclose which non--bank institutions they bail out.
Translation: They will destroy any remaining purchasing power in order to bail out the system