. . . woss reel intrest rates?? . .
. . . i cudn’t reely giv a toss. . . .
No ‘Errol’, that is no more than I expected. . . and it is precisely the ignorance that the Bank of England, the High Street Banks and the Government are depending upon to keep them all in Luxury in their ‘Ivory Towers’.
The Real Interest Rate is the difference between the underlying inflation rate, (the figure they use when negotiating wage settlements) and the actual rate you pay. . . When berating Norman Lamont and the Conservatives for the 15% ‘blip’ during the ERM debacle, they always conveniently forget to mention that the Inflation rate was close to 10%. . . The Banks are now making fortunes, whilst British Industry gradually disappears. . . How can anybody be ‘guaranteed’ to make a profit on their ‘Stock in Trade’?. . . They are like a Mafia. . . . They have a guaranteed, Inflation Proofed ’slice’ of everyones trade. . . Gordon Brown may yet prove to be the most Dangerous and incompetent Chancellor this country has ever known. . . He forgets; much of this country’s greatness was built on NEGATIVE Real Interest Rates. . . .
. . Charles Henry 1945-(diuturnity)