Simon Rose discusses QE on The Keiser Report

By Simon Rose on February 5, 2013

Simon Rose of Save Our Savers was invited onto The Keiser Report to explain about giving evidence to the Treasury Select Committee inquiry into Quantitative Easing.

As regular viewers of Max Keiser’s programme on RT.com will know, Max is one of the greatest champions of the saver’s cause in the financial media. His regular show, co-hosted with Stacy Herbert, is a breath of fresh air in the otherwise fetid atmosphere of depressed interest rates, easy monetary policy, bank misbehaviour and the zombie economy.

Quantitative Easing is proving to be a disaster for all but the wealthiest while, far from boosting growth, negligible interest rates are gumming up the workings of the economy, as Simon and Max explain.

2 Comments

Charlotte Sabel

February 5, 2013 at 5:13 pm

Interesting that Iceland is used as an example because their fall and recovery is of particular interest.
Indeed the banks took the hit for the crisis rather than shifting the burden to the public. Very different from how the UK managed affairs.
Iceland’s President cites this one factor as the main reason Iceland is now back on its feet.
They have played a very different game in general, and certainly did not use austerity measures as a way to solve the crisis.
Of course being outside the Euro Zone they are able to implement very different measures and after all there are more people in London than the whole of Iceland put together so perhaps is not a fair comparison.

But it is interesting that Mr Keiser uses it as an example because of course Iceland is making a very radical recovery from its total meltdown.

I think it is great SoS are putting their findings to Parliament and representing many savers’ opinions.

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peter gill

April 6, 2013 at 3:39 am

It seems to me that the easy way out for George Osborne is to take forty percent of the savings from offshore depositors in the Caymen Islands,Singapore and Cook Islands.

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