The United Kingdom has also been in recession for six months. Gross domestic product shrank by a total of 0.4% in the last two quarters of last year. Keynesians, especially in Europe, are no longer succeeding in covering up the severe crisis in the private sector by increasing government demand. we can therefore expect even higher debts and even more liquidity creation, as politicians have decoupled themselves from any intellectual evolution and are no longer in a position to implement new strategies to promote the economy and investment demand.

To make matters worse, the Bank of England has made a serious policy error. The liquidity charts clearly show that they have tightened the money supply too much.