The "What is Money?" Show cover image

Worldwide Debt Spiral with James Lavish (WiM294)

The "What is Money?" Show

CHAPTER

The Bank of England and the UK Pension Funds

When the guilt started to fall, it triggered margin calls. The Bank of England rushed in and bought gilts to stabilize the market. That's printing, pound sterling, and monetizing debt. And doing exactly what they were going to do anyway. But can you imagine, if the UK pension funds failed? I mean, these are trillions and trillions of dollars.

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