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G20 Quote of the Day

Posted on April 3, 2009January 28, 2025 by admin

It’s a triumph of “doing something not nothing”. We’re opening up history’s largest line of credit ($5 Trillion) to eastern Europe and the Third World. So, the crisis caused by lending money to people who couldn’t pay it back is to be solved by lending money to countries that can’t pay it back. It’ll be fine. We’ll write it off, print some more and the people who lent it can get seven-figure bonuses paid into their named and shamed tax havens, whilst our grandchildren pay for it all.
Get me out of here.

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