a smashed keyboard full of hope and wonder
Tuesday September 7th 2010

Bank of England shocked to discover that just printing money doesn’t work very well

GROUND ZERO, London EC1, Sunday (NTN) — The Bank of England’s Monetary Policy Committee is expected this week to halt its £200 billion blitz of quantitative easing, otherwise known as just printing money.

Bomb-throwing capitalist“Just printing money is a task of surgical precision,” said Mervyn King. “But we are enormously pleased that the economy has grown a massive 0.1 per cent, with inflation of only three per cent to get there. We’re sure your daughters can cope with you selling them on the streets just a few years longer.”

The Institute of Economic Affairs has called for just printing money to be extended by another £50 billion, to around 10 per cent of GDP, since inflation affects the rich far less than anyone else. The Ernst & Young ITEM Club has warned that the end of just printing money risks triggering a fresh slump in commercial property values, as if anyone had any new businesses to rent them for in the first place.

The US Federal Reserve issued a uncompromising warning on Friday about the “uncharted waters” the financial sector finds itself in following the recession, where people have actually noticed what they do for a living and have started carrying nooses around with them in case they meet a banker. “They’ve worked out that just printing money fucks them over too. Ixnay on the onusesbay!”

The pound sterling has been replaced in day-to-day consumer use with twigs and small rocks, as these currently have much greater practical exchange value. One-way holidays to Zimbabwe are also proving popular.

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