Quizzes & Puzzles4 mins ago
SAVINGS PROTECTION
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Today the Telegraph writes
“But keeping interest rates lower than inflation and letting the currency take the strain is another way to reduce the Real Value of Debt. You can see why politicians may feel that is the ''least worst'' option.
Stealthily Robbing Savers by eroding the purchasing power of money is less likely to cause riots in the streets than spending cuts, because inflation tends to hit older people ”
It appears the British Government is already inflating its way out debt - despite paying lip service to sound money and 2% inflation target.
Savers and Pensioners (with Savings) have already suffered virtually zero interest rates - with the B of E bank rate at 00.5% for about the last 15 months
So Savers, Older People and Pensioners (with Savings) prepare to have the value your savings plundered for many years to come by deliberate (but Not admitted) Government High Inflation Policy.
What are the best ways for Savers to protect the value of their savings against the Ultimate Stealth Tax ?
“But keeping interest rates lower than inflation and letting the currency take the strain is another way to reduce the Real Value of Debt. You can see why politicians may feel that is the ''least worst'' option.
Stealthily Robbing Savers by eroding the purchasing power of money is less likely to cause riots in the streets than spending cuts, because inflation tends to hit older people ”
It appears the British Government is already inflating its way out debt - despite paying lip service to sound money and 2% inflation target.
Savers and Pensioners (with Savings) have already suffered virtually zero interest rates - with the B of E bank rate at 00.5% for about the last 15 months
So Savers, Older People and Pensioners (with Savings) prepare to have the value your savings plundered for many years to come by deliberate (but Not admitted) Government High Inflation Policy.
What are the best ways for Savers to protect the value of their savings against the Ultimate Stealth Tax ?
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