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Location: United Kingdom

Saturday, 7 March 2009

DIS-INTEREST RATE.

"What is dis interest rate den, Andy?" "It means there ain't no interest, Amos". As the nation's senior bankers splash about frantically, giving the appearance of being on the job. The only giving involves hard earned taxpayer GB's money.



The Government's grubby fingers are so obviously all over this mess, still cosying up to the vast army of folk drowning in debt, ignoring the backbone of any good banking system, the saver, creating the drift even further down the road to ruin. Banks can only make loans if they confidently anticipate the loans to be honoured. Can the Government honestly believe that we can keep the housing market at the previous high? The money wasn't there in the past, we can't therefore continue to fudge it.









THE MARKET WILL ALWAYS WIN, BE IT NOW OR LATER.

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