Pension Funds Warn Bank of England Against Govt Bailout Panic

The Bank of England was forced to step in Tuesday for the second day running and broaden its purchase of gilts in an attempt to save collapsing government bond prices precipitating a market collapse.

Deputy PM Therese Coffey didn’t even know about the emergency action on live TV, but claimed Chancellor Kwasi Kwarteng believed the UK was “in a good state” despite a report estimating at least ₤60 billion ($66.5bn) of public cuts will be needed just to control government borrowing.

Pension fund managers have urged the Bank of England to plow on with its bond purchasing until at least after the medium-term fiscal plan brought forward by Kwarteng to October 31. (RT)

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IMF and World Bank Sound Global Recession Alarm

12.10.22 - The world economy may slump into a recession next year as central banks continue to raise interest rates and stall growth, according to a joint statement Monday from the World Bank and IMF heads.

IMF chief Kristalina Georgieva noted that countries accounting for a third of global GDP are already at risk of falling into recession with negative growth outlooks for Q4 this year and Q1 in 2023, and warned policymakers can’t allow inflation to become a “runaway train.”

Despite record interest rate hikes from the European Central Bank, the US Federal Reserve and the Bank of England, global losses from the economic slowdown could reach $4 trillion by 2026 according to IMF estimates. (RT)

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❗️(RT) Russia prepared to supply natural gas to Europe, the ball is in the EU’s court — Putin

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❗️(RT) Russia Will Not Sell Oil At Lower Price Cap — Putin

12.10.22 - The president’s points so far during Russian Energy Week:

▪The world economy and energy are experiencing an acute crisis

▪The purpose of the Nord Stream terrorist attacks were to undermine the energy security of the entire continent

▪The perpetrators of the Nord Stream sabotage are seeking to break ties between the EU and Russia and to weaken Europe

▪The beneficiaries of the Nord Stream sabotage are clear - the US and countries with alternative supply routes

▪It is possible to repair the Nord Streams, but this will only make sense if they continue to operate safely

▪The regime in Kiev organizes political assassinations and purges — and even gloats about it on the internet

▪Part of Nord Stream reportedly remains in working condition, Russia is ready to start deliveries through it

▪Russia is ready to supply additional gas to Europe in the autumn-winter period

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Banks Hit By Massive Outage After Central Bank Loses Record Amount Of Cash...

https://youtu.be/N-pxrvgbxdA

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https://en.m.wikipedia.org/wiki/SEC_v._W._J._Howey_Co.

markkishonchristopher
https://rumble.com/user/markkishonchristopher

:Mark-kishon: Christopher. (@KishonMark) / Twitter
https://twitter.com/ripx4nutmeg/status/1580099184396378112

Various Dictionaries link

https://drive.google.com/drive/folders/1FM7v2kYyfSoXs-D__NT4zCEkTNLkVBiP

https://www.quantum.gov/

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