Bank of England: This is the Worst Financial Crisis… Ever

October 8, 2011

HOUSTON (FTMDaily.com) — We hate to say it but we actually agree with a central banker right now…

The Bank of England’s Governor, Sir Mervyn King, said the world is possibly facing the worst economic crisis in history, following the decision by the Bank’s Monetary Policy Committee decision to print and inject 75 billion British pounds (116.5+ billion U.S. dollars) into the economy yesterday.

“This is the most serious financial crisis we’’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing,”” King said.

He continued, “What I think you will find, that the concern that people are really worried about now that the UK economy will slow very sharply, I hope will not materialize, that the economy will indeed continue to recover. After all, it is still growing.  We shouldn’t forget that fact.  So we have taken this preemptively to prevent what would otherwise be a slowdown.”

 

This confirms FTMDaily.com founder, Jerry Robinson’s, belief that we have entered the worst economic crisis in history.

 

In his 2009 book, Bankruptcy of our Nation, he writes on page 13, “mankind is about to enter the greatest financial crisis in world history.”

 

This is probably one of the few times that FTMDaily.com and a central banker will agree on anything. 

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