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"Former Bank of England governor, King, admits that the skyrocketing inflation and living costs experienced worldwide post-Covid, were a predictable result of money printing by central banks"

"During Covid, when the economy was actually contracting because of lockdown, central banks decided it was a good time to print a lot of money"


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By —— Bio and Archives March 24, 2024

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In a rare example of honesty aired on the BBC, former Bank of England governor, Mervyn King, admits that the skyrocketing inflation and living costs experienced worldwide post-Covid, were a predictable result of money printing by central banks.

"During Covid, when the economy was actually contracting because of lockdown, central banks decided it was a good time to print a lot of money. That was a mistake. That led to inflation. We had too much money chasing too few goods, and the result was inflation. That was predictable. It was predicted and it happened."

Make no mistake: This was a deliberate plan to impoverish people, so they'll be more receptive to accepting universal basic income, which will predictably take the form of a CBDC, and will require digital ID (and eventually a high enough social credit rating) to be eligible.




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