Living Well on a Reduced Income by Cestrian Pimpernel - HTML preview

PLEASE NOTE: This is an HTML preview only and some elements such as links or page numbers may be incorrect.
Download the book in PDF, ePub, Kindle for a complete version.

Money

The bank of England was created in 1694. It was in response to a financial emergency.

Interest rates stayed below two percent for 16 years. Allowing inflation to soar whilst paying very little interest is called financial repression and there is not much you can do about it. If you have savings they will be inflated away.  That is the plan today.  Your savings shrink. They are already 15% down in real terms over the last five years and there are many years of financial repression to come.

The only response is to buy real assets like : land , property, jewellery, antiques, collectable vehicles or shares if you have the stomach for them.

Ironically if you have debts ( like the government does ) they are shrinking too.