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Divine Intelligence, etc

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Bank of England to Buy UK Government Bonds to Stop Spread of Crisis

"It looks to me like the economy is absolutely shrinking. And part of it is they're doing demand destruction by destroying small business," he says. "I'm going to pick up a car on Friday and drive, you know, before this is over, I'll drive all the way to Pennsylvania." The B.A.V. said Wednesday it would buy UK government bonds with long charities on whatever scale was necessary.

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