Bank Of England's King: 'Say Hello To The 1920s'

Video - Runs 1 minute - Recorded Tuesday - Mervyn King

Households face the most dramatic squeeze in living standards since the 1920s, the Governor of the Bank of England warned, as he reacted to the shock disclosure that the economy was shrinking again.

• Read the full story at the UK Telegraph...

Previous Mervyn King stories...

• Bank Of England Governor Mervyn King Warns Government Unions To Accept Cuts Or 'Fail Your Children' (VIDEO)

• WikiLeaks Cable: "Systemic Insolvency Is Now The Problem, Global Bank Bailout Needed"

Comments

[DailyBail]

“Federal (sic) Reserve” Selling Ads on Currency

http://qualityshows.wordpress.com/2010/01/15/federal-sic-reserve-to-sell-ads-on-money/

decent satire...

[S. Gompers]

Another greenshoot! Damn, I am going to be rich any day now, I can feel it...

[KingofthePaupers]

Jct: What else to expect but pessimism from people like Bank of England governor Mervyn King who think there is already too much money in circulation and creating new paychecks can't be done because it will cause Shift A inflation, more money chasing the goods, and who have no clue of the other possible Shift B inflation shift, same money chasing less goods after foreclosure. Let the mentally-limited continue to rule.