Wednesday, January 6, 2010

Securing The Perimeter For Quantitative Easing

One of the most featured news items in the media both last year and currently, has been the crisis in the global economy. Reports on how governments are handling the situation have become daily occurrences and 'the man in the street' has become accustomed to hearing a plethera of previously unfamiliar terms - such as Quantitative Easing.

This is where, in order to revive consumer spending and economic growth, national banks expand the amount of money circulating within their economy. In the UK for example, where interest rates are currently at their lowest in the entire 315 year history of the Bank Of England, the Bank is reported to be using the quantitative easing process to expanding the amount of money in the system by some £200 billion. However, it will done electronically, not by printing more actual paper money.

Printing great volumes of paper money has been synonomous with serious hyperinflation in the past - read Wikipedia's page on the history of hyperinflation to learn just how many countries have suffered because of this. Moreover, according to the Maastricht Treaty, EU member states are not actually allowed to finance their public deficits by printing money. Effectively, we think this is a good analogy of perimeter security in monetary form.

As for the physical kind, we once provided perimeter security using our Flexiguard™ system to protect premises where newly minted Euros were being housed for the Portuguese Mint.

With a large volume all in one location it was a prime target for theft.

Read our Euro Security Case Study.

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