We must also not forget that King presided over the low interest regime that was one of the route causes of the debt crisis in the first place.

Finally I wish that the BOE would get rid of this awful untruth on its website “The Bank sets interest rates to keep inflation low to preserve the value of your money” I suppose it doesn’t matter as nobody believes them anymore.

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However this mess started in earnest over 30 years ago, long before GB. The much vaunted and equally maligned Mrs T introduced her utterly ruthless free market doctrine, which basically involved selling off everything to private profiteers for next to nothing. During her time we saw the destruction of local council house building programs and the wholesale privatisation of existing affordable housing stock. That resulted in a single generation of council tenants who benefited massively simply for being in the right place at the right time, at the expense of all the generations to follow… and also kick started a new build housing stagnation and unsustainable, destructive housing price boom. Little more than a profit taking bonanza and fertile ground for the law of unintended consequences.

Fast forward 30 years and we now see massive demand for affordable rented housing, increasingly unaffordable first time buyer housing stock and vast tranches of deteriorating, poor quality, private housing feeding an army of rapacious landlord robber barons. Much of what the government and their stooges in the MPC / BoE are doing now is about preserving the unsustainable housing boom and deflating the inevitable bust with stolen savers wealth.

They’re basically engaged in a wealth redistribution program to allow all the greedy bankers who created Thatchers robber barons and housing boom the time and money they need to try and unravel the mess they alone have created. In a just world they’d all go bust together and those who behaved responsibly would pick up the pieces but that’s not how establishment power and privilege works, thanks to fiat currency and political corruption the banks have the western world right where they want them, in massive debt.

So instead of seeing a natural correction we see a bizarre scenario where those who are busy being financially responsibility and off doing other things are locked into a government backed insurance policy that protects those elite chosen few sat at the top table and the private enterprise and greed they seek to exploit for profit, from all going bust together by giving them as soft a landing as possible… all at our expense of course. That goes without saying.

It’s the price to be paid for electing corrupt governments.

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Add on CPI on what is miserly state pensions and theres going to be an entire generation of pensioners who are going to be in dire straits and all this from David Cameron and Nick Clegg who both PROMISED to help savers

Instead the only people they are helping are all those who took out mortgages and loans they could not afford

Well i am sick asnd tired of being taxed to the hilt to support all the illegals , the feckless and the downright theiving scroungers of every ilk while the likes of MK and his bunch get Quarter of a Million and more

All of this can fair and square be blamed on Gordon Brown because he was the one who sold off the countrys Gold Reserves and started a spending spree that acheived nothing but BUST BUST BUST

Time he was made to pay up for it

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Perhaps this way, we can see more of a gov reaction.

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Linking one to the other leads to the conclusion that certain people are talking out of their backsides.

Not too crude I hope.

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While most UK savers continue to (try to) store their wealth in UK bank accounts, this grand theft will continue. If savers could only act in unison they could force the BoE to adopt a much fairer policy.

Savers are of course normally risk adverse individuals, but this behaviour will lead to a destruction of their savings.

Saving in a UK bank is safe and easy, but you are slowly being robbed to pay for the excesses of Government and the bank bailout. You will wake up in 5 years time to find more than half your nest egg has been vaporized. Meanwhile the reckless and the greedy are let off the hook and even further enriched at your expense.

It’s now time to act and move funds out of UK banks in unison. Anything else will result in a destruction of savings.

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The solution is where the problem lies, that’s why governments with their 4-5 year window and next election horizon are paralysed. They are placed in a straight jacket that it is impossible to wriggle out of. What is really needed requires political suicide and that’s why it just isn’t going to happen. The only real solution is to stop governments borrowing and interfering in markets all together, balance their national expenditure with tax revenue and kill off fiat currency and the power supply to central bank counterfeit money. Then just let the markets sort themselves out but the catastrophe for those adversely affected in that correction will be total and the number of casualties truly horrendous which is politically and socially unacceptable (at present).

Basically we’re stuffed and the only people we can all legitimately blame for this mess are ourselves, all of us. We have all allowed this financial madness to develop and take over by electing governments that bribe us to do so, or more likely just not paying any attention to the things that really matter. The entire world is effectively running a vast Ponzi scheme paid forward to the next generation, the children, who find themselves at the base of a bloated financial pyramid and struggling to support it. A terrible legacy to leave but we have all allowed it to happen and it’s been running for decades. The longer it runs the bigger it gets and the more people it will wipe out when it eventually collapses – and it certainly will if nothing changes.

Unfortunately the solution will only be born from the ruins of financial collapse – the question no one can answer is quite how and when that will happen or how long it might last. More likely is that it has already started and most people haven’t realised it yet, waiting for something that has already started happening. When fiat currency finally collapses as it is guaranteed to at some point, there will be a few winners and many more losers, all you can do is try to ensure you aren’t a victim.

History has taught us this lesson already but no one seems to want to listen or learn.

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This an Oliver Cromwell moment, and it calls for positive action against the government, BoE and MPC. It seems to me as I observed also a long while ago now on SOS, but SOS paid no attention, that apart from violent rebellion there is only one solution for presently solvent individuals and savers. That is, as Oliver Cromwell was about to do before he was persuaded otherwise, to move one’s funds out of the UK (Titanic) and move one’s person and other assets also out of the UK. Those who do not want to leave the Titanic, for one reason or another, need to get their wealth out of the UK and out of Sterling even if they stay here, because it has already been announced that this further £50 billion (on top of the previous £275 billion of debasement already enacted) is to be followed by a lot more debasement (i.e. theft of your money) by the BoE and UK government.

It is clear that the current UK government is in fact insolvent, because since coming into office, despite all the grandiose talk, it has not walked the walk. Rather than reducing profligate Public spending it continues to increase it; as a result because revenue has fallen it has to “borrow” money to fund its continued over-extravagance, but because it is so in debt already it can no longer borrow from the normal Gilt markets at rates which it can afford. That is really what “QE” is all about; it is just a new name invented for the old evil practice of debasement to attempt to deceive those from whom the government intended to steal. If you look back over the last 2 centuries the total amount of debasement which successive governments have undertaken since WWI is mind-blowing; this is larceny at the highest possible level, and yet the proponents are not accountable in law for the treason which they commit, and cannot be prosecuted or sanctioned for what they have done! In the past they did it more surreptitiously and gradually, but since the supposed “independence” of the BoE they have done it in a more clandestine fashion, using smoke and mirrors to manipulate and hide their even greater debasement! This is in history a characteristic of collapsing civilizations (or sinking Titanics); there was a similar profile with the collapse of the Roman civilization after over 1000 years.

So, I come back to my question: what is SOS going to do now? If it is to accomplish anything at all for savers it must now cease wasting resources on these fatuous pursuits in which it has been previously engaged; they are accomplishing nothing and have not accomplished anything at all except the ridicule of the government, BoE and public at large. The only rational and objective dimension in which to function now (other than violent rebellion) is to co-ordinate collective action to enable savers to objectively and safely to move their money assets out of Sterling whilst limiting risk to a minimum; and relocating themselves and their families. That is what I pointed out now long ago, but SOS paid no attention, nor did they make proper enquiries with regard to my credentials, although I appeared on TV broadcasts to represent them. If they had have paid any attention to me then by now their members would have been saved the losses from the further debasement which the government and BoE have since inflicted on their savings and thus their lives!

Either SOS is now going to act objectively or the money and all of the efforts poured into it will be completely wasted; it will fail and die if it carries on as at present. There are no other options or possibilities. The government and BoE intend to pay no attention to any representations or peaceful campaigns which SOS may mount. They have shown this clearly. New completely different action is therefore now required.

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Why is the goverment allowing this robbery to continue?

It is road to nowhere solution to save the financial reckless.

Disgusted !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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