The link above paints a disturbing picture, and as it is 10 months old, the situation is even worse now.

One lesson any country can learn from it (and some other economies over the years) is that when the government stops printing money and starts issuing bearer bonds, you know you are stuffed.

Before we get too excited though, this is unverified media hype at present and the government are denying it strongly. The timing of the story nicely coincides with the Bank of England monetary committee meeting today to discuss a further interest rate drop.

I assume they will take more heed of other stories, such as Sainsbury's supermarkets having their best quarter ever, and the other supermarkets about to announce similar figures.

The situation is a grave one, and many companies who walk a tightrope are falling off at present.

Not a good time for many people, but nationally, stunts such as printing money will be exposed immediately, and I doubt either party wants an election at this time...