Financial markets face 'severe strains', warns BofE

guardian.co.uk/business/2011 … trains-fpc

They do … our banks will require additional capital by Q1 2012. Additional bail out top up required but not a huge amount. It will mean we’ll have another tough budget in Dec 2012 following this beauty coming up the track in a few weeks time.

More proof that an economic model that depends on continuous growth indefinitely cannot grow in a resources limited environment, forever. Time to change direction!