Have people truly considered the implications of this continuing deficit disaster that the government is refusing to fix? Will institutions continue to hold Sterling in London when it's value is being debased so violently? This may directly affect London's competitiveness as a global financial centre, and if we lose London's profitability then the Japanese situation could be our financial outlook.
I spoke to a pensioner yesterday, on a fixed income which used to be topped up by interest on her savings. Now she has a negative income due to erosion via inflation and this is exacerbated by the government both inflating the money supply via QE and also the collapse of the pound's buying power. The public need to WAKE up. We are being robbed blind by the Brownite Shy****s.
The fact is the only way we can afford to pay the interest on our national debt will be via debasement of the currency.
Take heed people, buy gold, silver, energy stocks, a dog for security and sign up for an allotment. Britain is heading for apocalypse and none of the politicos have the balls of steel required to take the necessary actions to fix our society. Even if they did, the balls would be made in China and only be delivered in exchange for bullion. Which Brown sold.
