HAPPINESS IS AN INTEREST RATE @ 5% MINIMUM.

It is incomprehensible that, in the year of our Lord 2009, we can't grasp that the basic function of a bank is to accept and invest deposits of the saver to loan to the borrower. So where did it all go wrong? Since we have now surrendered this function to a Government that guided us to this disaster, where do we go from here apart from the abyss? The obsession with low interest rates is the prime cause of our financial downturn.


Let us look at how the constituent factors of our misfortune transpired. In an overcrowded island that is made up of England, Scotland and Wales, with much of the population seeking a home near a decent school, the opportunity arose on the back of cheap money. Thanks to a Faginesque style of Estate Agencies, who were quickly advising vendors to take the government-given chance to make a pile, the vendors, in the main, were then buying new properties (mostly moving up-market), therefore having to borrow more. All this was becoming part of everyday living, Our house is worth more every week. Well,what a bunch of 'Dummo's' we are. Wouldn't it be wonderful if we included proper history in our backward system of education. All we need to do is study how the Wall Street Crash occurred. Simple, people borrowed to invest. A 'Credit Crunch'.

WE WILL ONLY SURVIVE WITH WEALTHY BANKS: BRING ON THE SAVERS.