IS HE TRULY A BANKER?

Mr. Bean (Charles), deputy Governor of the Bank of England, is recommending that we start to buy, using our savings, to get the economy out of trouble. This will more than likely kick start another credit frenzy, of the type that got us into the current mess. The pretence that high property prices are good for you, forget it. It will be unlikely that people of my ilk will start to throw money around, coming from the generation that found money much harder to come by; therefore saving is the preferred option.

What we need to consider here, is that most things that we purchase are produced abroad; begging the question, what mileage does the UK get from making other nations more wealthy?

We have to stick with the adage, in this blog, that increased interest rates are the ultimate way forward.


WE CAN ONLY SUCCEED BY APPLYING LOGIC.