Friday, Jul 10, 2009
I have a question.....
Bank of England: Ask the Deputy Governor
Who gave you the right to steal my savings?
Posted by jackas @ 06:57 PM (749 views) Add Comment
5 Comments
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1. Lryms said...
1. Quantitative easing or the creation of money out of thin air is theft of the purchasing power of peoples savings.
Do you thing the police should be investigating this theft
2. Every time in history that a similar policy has been carried out by bankers and politicians it has resulted in devastation and a destruction of the currency involved. What makes you think it will be different this time
2. Redcellar said...
In answer to your question Lryms. Oh I don't know, perhaps the fact that every other country is doing it too?
Two wrongs can make a right .... apparently :(
3. Kara Gee said...
Good link.
I've just sent a question which ends...........The interest we were receiving covered our rent which in turn allowed us to save more.
That was until BoE dropped its rates. Now interest on our savings has more than halved and doesn't cover our rent. This issue on its own could be palatable for the sake of helping the economy.
However, what I find is a complete disgrace is that I am propping up mortgage debt. I am paying off other peoples mortgage debt and that makes me furious beyond belief.
So my question is, Do you agree as I do that this is an unacceptable situation for savers like myself?
And in your opinion, how long are these debt-preferable rates likely to continue?
4. paranoia blue said...
Agghh! It’s Mr Bean – now that explains a lot!
5. Rightold said...
Dear Sirs
half the nation can not afford to buy a house, (unless they become debt slaves), because house prices are still ridiculously priced. The other half are loosing their savings through erosion due to the QE as well as lower than CPIi interest rates. I understand that savings should be safe, but it is the savers that are paying for their own safety.
My question is; why has the majority been brought into dire straights to prop up the minority who over extended themselves with debt and to bail out the employees who created this mess?
I think the answers are:
1. The bad debt situation was deliberately constructed to create QE so the banks help themselves to more money and to create a larger collective debt which can be paid back, fail safe, through the tax payer. Compulsory debt slavery.
2. To encourage and promote debt by rewarding those in debt , because our money system is based on debt. An escalating number of debtors are urgently needed to keep the system growing. New debtors are being created in emerging economies which is why when the U.K. is saturated in debt it will eventually be brought down to third world status - see next point.
2. The plan is indeed to create a U.K. third world country where as in India half the population live on the streets. U.K. citizens will be of no use once they can not create or pay off more debt. A plus is that the impoverished masses are easily controlled
3. There is a large transfer of wealth to the pluto rich, using the excuse of propping up a)house prices (which polls say the majority of people of this country do not want) and b)deliberately failed banks.
4. You want to bring in a one world currency/government by collapsing the current currency- again to easily control the masses.
I really do not see that any benefit to the people has come from this dire, unfair and divide and rule situation that has been constructed in the U.K. and globally. This is why I come to the above conclusions. I dare say the reasons are probably even more sinister than I imagine.
I will urge everyone to vote independent.