Friday, March 28, 2008
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.