Is the Bank of England trying to force the UK into austerity? Why?
The Bank of England: don’t believe its claims about inflation.
If the Bank is trying to force the government into austerity by selling government debt at a loss, isn’t that political interference?
And isn’t anyone – of any political organisation – going to ask the obvious questions about it?
The Bank of England owns £800bn or so of government debt.
If it sells it now it will lose £150bn.
If it keeps it until it’s due for repayment it will lose next to nothing.
So why is it so keen to sell?
Could it be that it wants to use these losses to force austerity on the…
— Richard Murphy (@RichardJMurphy) July 28, 2023
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Hi. Of course they want to force the UK into Austerity. Another way to keep a large percentage of the population cowed and fearful. Reduces the risk of revolution. Helps keep Charlie Windsor and the #PredatorClass in control.