4B pounds so far...
somehow people dont trust the men in suits
It’s the beginning of the end of unbacked paper money. Buy Gold now!!
If England uses the expediency (i.e. economic crime) of “fractional reserves” like we do in the U.S., they don’t have enough money to pay everybody.
And if any of their “assets” are in crap mortgage bonds, then they REALLY don’t have enough money to pay everybody.