The Bank of England just waved the white flag.

They cut rates while raising inflation expectations—not to boost the economy, but because they’re trapped.

• The BOE is likely short on gold after leasing out what it didn’t own.

• They’re secretly bailing out insolvent institutions.

• The UK’s finances are broken, and devaluation is their only way out.

This isn’t stimulus—it’s silent theft from savers. Central banks used to call this “currency devaluation.” Now, they just hope no one notices.