The huge quantities of money owed by UK banks (far greater than the
gdp of the uk) means a bail-out can only lead to hyperinflation.
allowing the banks banks to fail would have caused a short sharp
recession. hyperinflation, in contrast, destroys currencys and lead
to a break-down of society.
demonstrating their incredible stupidity the UK gov has opted for a
bailout. 90bn of a bank's debt (the rich) has been transfered to the
public (the poor). see
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3325609.ece
(you will noit find this on the bbc web site. they are using a 'sharia
law to be introduced' smokescreen to hide this.)
the uk budget is already in deficit. clearly creation of new money is
the only way to pay for the govt's friend's debts. thus
(hyper)inflation looms.
and remember, there are many more UK banks in trouble. I'm buying
gold, stocking up on tinned food and buying weapons. countries
