Britain's Inflationary Debt Spiral as Bank of England Keeps Expanding Quantitative Easing by Nadeem Walayat, TheMarketOracle.co.uk | December 4, 2009 Over the coming years we will witness the systematic destruction of the British currency as witnessed through the inflation and commodity / asset price data as the Inflation Mega-trend starts to unfold following the asset price destruction induced Deflation of 2008 into early 2009.