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SCS EPISODE 114. PT. 2 COMMAND & CONTROL
SCS EPISODE 114. PT. 2 COMMAND & CONTROL
In this Pt. 2 I now look more closely at the UK Debt Management Office, and give some indications of how their ‘responsibilities’ are our liabilities.
In this respect I outline how they are actually the ones creating QE via various forms of gilts, which are then bought by the Bank of England, in a circle of debt creating debt, at the taxpayer expense.
I then explain two specific types of gilt, which are index-linked gilts and green gilts. The former is now responsible for over 10% of all revenue to pay interest and the latter is pure command and control to solve a non-existent problem. Utter stupidity, but all in a combination of factors that was made so much worse by lockdown. Any claim of not understanding the cause and effect in this would not be possible even for an idiot.
Ladies and Gentlemen, I give you the Debt Creation Office and the source of our nations downfall.
Links:
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ICPR 1200 Limited
http://www.icpr1200.com/
Open policy papers and consultations
https://www.gov.uk/search/policy-papers-and-consultations?content_store_document_type%5B%5D=open_consultations&order=updated-newest
UK international development white paper: call for evidence
https://www.gov.uk/government/publications/uk-international-development-white-paper-call-for-evidence
Mandating quit information messages inside tobacco packs
https://www.gov.uk/government/consultations/mandating-quit-information-messages-inside-tobacco-packs
Open petitions
https://petition.parliament.uk/petitions?state=open
What Is the Difference Between a Gilt-Edged Bond and a Regular Bond?
https://www.investopedia.com/ask/answers/09/gilt-edged-bond.asp
Bank of England announces gilt market operation
https://www.bankofengland.co.uk/news/2022/september/bank-of-england-announces-gilt-market-operation
Bank of England
https://en.wikipedia.org/wiki/Bank_of_England
Bank of England Annual Report and Accounts 1 March 2022–28 February 2023
https://www.bankofengland.co.uk/-/media/boe/files/annual-report/2023/boe-2023.pdf#page=103
Explainer: Why is the Bank of England selling government bonds?
https://www.reuters.com/markets/europe/why-is-bank-england-selling-government-bonds-2022-11-01/
The disastrous decision that gave Britain one of the world’s worst debt problems
https://www.telegraph.co.uk/business/2023/07/26/britain-government-debt-management-office-problem-decision/
A consultation on the Reform to Retail Prices Index (RPI) Methodology
https://www.gov.uk/government/consultations/a-consultation-on-the-reform-to-retail-prices-index-rpi-methodology
Mobilising Green Investment 2023 Green Finance Strategy
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1149690/mobilising-green-investment-2023-green-finance-strategy.pdf
Offsetting Transaction: What it is, How it Works, Example
https://www.investopedia.com/terms/o/offsetting-transaction.asp
Countertrade: Definition, Types, and Examples
https://www.investopedia.com/terms/c/countertrade.asp
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