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Even in Recession the Rich Get Richer: Savers Have Been Hit for £70bn as Printing Money ‘Helps Rich’ Admits Rothschild’s Bank of England
Friday, August 24, 2012 10:10
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Record low interest rates have robbed savers of more than £70billion while printing money to revive the economy has mainly benefited the rich, the Bank of England admitted yesterday.
Interest rates have been pegged at 0.5 per cent since March 2009 – the lowest level in the Bank’s 318-year history – in an attempt to prop up the economy. Borrowers have benefited to the tune of £100billion thanks to lower mortgage payments, with those on floating rates the main beneficiaries …. http://www.dailymail.co.uk
2012-08-24 10:00:05
Source: http://luismmx.blogspot.com/2012/08/even-in-recession-rich-get-richer.html
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