Central banks laying the seeds for crisis, says UK MP Baker

The large-scale extraordinary monetary policy measures being undertaken by the world's major central banks is creating a sovereign bond market bubble that once burst will likely create a crisis in fiat money, according to UK member of parliament (MP) and chair of the country's All-Party Parliamentary Group of Economics, Money and Banking, Steve Baker.

The Conservative MP, speaking at a conference in London yesterday, said central banks are doing what only "a few years ago would have been conside