ERHC Energy Inc (ERHE)

[Hawk700]

Hey Oily,

Remember the term quantitative easing I mentioned in my post to you?

Well, here's an article I came across 20 or so minutes ago...make no mistake....the U.S. will follow suit.....




Bank of England mulls "nuclear option" of cash injection
The Bank of England is working on radical plans to inject cash directly into the economy - the nuclear option to be used only when interest rates approach zero.

By Edmund Conway, Economics Editor
Last Updated: 10:39PM GMT 04 Dec 2008

Handfuls of £20 pound notes. Photo: GETTY In what would be a major departure for British monetary policy, the Bank is considering pressing the button on printing presses by engaging in a so-called policy of QUANTITATIVE EASING. It emerged after the Monetary Policy Committee cut borrowing costs by 1pc to just 2pc - the lowest level since 1951.