It is now official and the Bank of England has asked the government for permission to use quantitative easing to boost the economy. That's printing more money to you and me, effectively de-valueing the pound to all but name. Even the experts believe it is a very high risk move which is difficult to control once started. The very idea is considered to be lunacy and has been seen in other countries as an act of desperation. It is supposedly better than good old fashioned printing more money because it is backed up by bonds and other securities - most of which are considered as being worthless or nominal in current climate. Is this the final throw of the dice by an increasingly desperate government?