Friday, March 28, 2008

Timber!!!!!!

pound falls to record low against the euro as consumer confidence slumps

This fact is being hidden from the general public, to save the government and the BoE from being forced to raise interest rates to protect the pound, and fight inflation, as the money men control the purse strings and the puppet strings of the government. They will continue to drop rates, to feed the financials who will hoard and store and covet, but not pass these cuts onto the public, except through cutting saving rates. Then, when inflation is so high that the BoE will have had to write more than one letter to the chancellor, will interest rates rise, and rise and rise until Icelands rate will look like a cheap deal. Two years of pain...closer to the/fifteen years of pain for the British public through pandering to the government masters in the city. IMHO.

Posted by bystander @ 07:06 PM (2125 views)
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3 thoughts on “Timber!!!!!!

  • So thats why savings rates are cut and lbor is at a high of 6%

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  • This is the final nail in the coffin. All the ducks are lining up for a HPC.

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  • not the done thing, but can’t seem to post this article, and it has many connections to the above:

    http://www.timesonline.co.uk/tol/comment/columnists/martin_samuel/article3634764.ece

    This section stands out, especially when considering GB’s real agenda, with regards to the sterling (IMHO he is deliberately orchestrating the demise so he can profit, the country can profit, from his astute busines acumen, rather than his ridiculously short sighted behaviour with ‘our’ gold reserves in 1999), enjoy:

    “Brown got away with murder because he was Chancellor in the days when chimps could make money. In May 1999, he sold half the country’s gold reserves during a 20-year low in the market at an average price of $275 an ounce. Yesterday morning the price of gold was approximately $946 an ounce. Brown bought euros instead, which have done well, but even so the cost to the nation of this mistake is measured in billions;”

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