[2016-08-04] themerkle.com-Deteriorating UK Economy Signals Time for Plan ...

[Strongkored]

Deteriorating UK Economy Signals Time for Plan Bitcoin

Contrary to earlier messages by the European Central Bank, the UK economy has far from stabilized. In fact, new research indicates there are several signs of deterioration, and things could spiral out of control very quickly at this rate. The Bank of England lowered interest rates from 0.5% to 0.25% earlier today and has already hinted at further lowering these rates if need be

Up until yesterday, the Bank of England had predicted a growth of 2.3% for the year 2017. However, they had to lower those expectations to 0.8% already, and the year 2017 has not even begun. Moreover, the interest rate cut was approved unanimously, whereas 2-in-3 members approved the quantitative easing countermeasures. So far, there is zero evidence of quantitative easing ever solving financial problems, as it only delays the inevitable.

READ MORE >>> http://themerkle.com/deteriorating-uk-economy-signals-time-for-plan-bitcoin/

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[Cateinyard]

"Consumers and investors who are looking for ways to fight off the recession and preserve their value will flock towards alternative investment options. A new surge in precious metals, and perhaps even Bitcoin, is not unlikely. The traditional financial ecosystem holds far too many questions and not enough answers for a recovery."

So the bitcoin could be an alternative.

[Gahs]

Economic recession is what you get when you spend money recklessly. The banks have so many bad debts, it's a wonder they are still in operation.