2 weeks ago
Thursday, September 04, 2008
The Bank of England fucked up again today. They didn't raise interest rates.
To rebuild our shattered economy after 20-odd years of Credit Cruncher abuses aided by craven governments we need to rebuild our national balance sheet, and the best asset class is cash in a strong currency. We get that two ways - by building a strong industrial base that underpins a strong currency, and by encouraging our citizens to be thrifty and SAVE. We're not going to do that with interest rates so low. My money's going into gold, silver and land, REAL money.
These fuckers still haven't learned the lesson. We need economists running the country, not idiot politicians whose only interest is in keeping the sheep grazing.
Expect REAALY bad economic news over the next year or two, and to avoid it just read this blog!