Quantitative easing, the running of the printing press, is about Weimarisation.

Hence, Mervyn King, Governor of the Bank of England, opposes the plans of the British government.

King Faces Pressure to Spend Maximum in BOE Bond-Buying Plan
By Jennifer Ryan and Matthew Brown
April 9 (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBCz7MM86d1s&refer=home
SNIP
April 9 (Bloomberg) — Bank of England Governor Mervyn King is under pressure from investors concerned he may not honor his pledge to buy 75 billion pounds ($110 billion) in government bonds and risk undermining efforts to rescue the British economy.
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With the Bank of England today announcing its first monetary policy decision since quantitative easing started, King may have to reassure investors he’s fully committed to a plan designed to haul the U.K. out of its worst recession since 1980. Asset purchases are now the main tool of officials boxed in by a benchmark interest rate already close to zero. UNSNIP

Quantitative easing
guardian.co.uk, Tuesday 14 October 2008 12.10 BST
http://www.guardian.co.uk/business/2008/oct/14/businessglossary
Quantitative easing is what non-economists call ‘turning on the printing press’.
In extreme circumstances, governments flood the financial system with money, easing pressure on banks by giving them extra capital.
Ben Bernanke, the chairman of the Fed, won the nickname ‘helicopter Ben’ when he floated just such an idea earlier this decade. US economist Milton Friedman had originally said it would be theoretically possible for governments to drop large amounts of cash out of helicopters for the public to pick up and spend.
http://en.wikipedia.org/wiki/Quantitative_easing
Quantitative easing is a tool of monetary policy. It effectively means that the central bank injects new money into the financial system, in order to increase the supply of money. ‘Quantitative’ refers to the money supply; ‘easing’ refers to reducing the pressure on banks. UNSNIP

The inflation in the Weimar Republic was a period of hyperinflation in Germany (the Weimar Republic) during 1921-1923.
http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic

Fuelling a new world money supply
For a global reserve currency to work, it must be backed by a resource we want people to use less, like carbon
Mark Braund
Thursday 9 April 2009 08.00 BST
http://www.guardian.co.uk/commentisfree/2009/apr/08/currencies-financial-crisis
SNIP
[Zhou Xiaochuan, governor of the Chinese central bank]‘s motivation is not a desire for greater global economic justice. It is, understandably, to protect China’s interests at a time when millions of Chinese have yet to experience the benefits of his country’s recent economic miracle. Russia’s motivation is even more transparent: Dmitry Medvedev suggested that any new reserve currency should be at least partially backed by GOLD. As one of the world’s leading producers of gold, this would put Russia at a distinct advantage. UNSNIP

Ivo Cerckel
ivocerckel@siquijor.ws

China Central Television, CCTV.com, Your Window on China and the World, wants your opinion:

Your Opinion Matters
CCTV.com | Have Your Say
New Global Reserve Currency
http://www.cctv.com/english/special/say/02/03/index.shtml
SNIP
The governor of China´s central bank, Zhou Xiaochuan, has come up with an innovative idea to introduce a global currency in an effort to redefine the rigid global financial regime, which has undergone no major change since World War II.
Do you think the US dollar´s monopoly was the root of the financial crisis? Would this reform eliminate the inherent deficiencies of the current global currency system? Is it easy to do this?
UNSNIP

HERE’S THIS BLOGGER’S OPINION:

It is certainly not easy to stop the dollar regime committing its crimes.

The regime, all whose US of A subjects already face chapter 11, is not about to surrender.

The regime will continue to try to impose its will upon the planet until …

Yes, until what?

As long as the dollar financial-industry fraternity can continue its manipulative dominance, nothing will change to the global disharmony which is unilaterally being imposed by the dollar regime.

In the meantime, even the Financial Times carries this Thursday morning an “Insight” under the title “Gold standard debate roars on”.
Insight: Gold standard debate roars on
By Gillian Tett
Published: April 8 2009 17:43 | Last updated: April 8 2009 21:34
http://www.ft.com/cms/s/0/6c43927c-2456-11de-9a01-00144feabdc0.html
SNIPS
The logical conclusion of where we will end up eventually is with some type of gold standard
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Hence the chatter about a gold standard. Indeed, as the debate bubbles up, some financiers are now even emailing each other an extraordinary little essay that Alan Greenspan himself wrote in support of a gold standard back in the 1960s, called “Gold and Economic Freedom”*.
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“Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets . . . [but] in the absence of the gold standard . . . there is no safe store of value,” Greenspan wrote back then, pointing out that without a gold standard in place, there is little to prevent governments indulging in wild credit creation. “Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
UNSNIP

Ideas result in actions.
Actions result in changes.
Teach, teach and teach.
At the end of the day, the dollar regime will be forced to surrender.

Only FREE GOLD can break the monopoly of the dollar regime.

Hence, Google boycotts this blog.

Ivo Cerckel
ivocerckel@siquijor.ws