The UK is terrified of deflation. Something completely new is going on. The economy of the banks is getting better due to international investment. However, employment in the country is hurting. People are being squeezed by fewer jobs, immigration, and businesses not having their products and services paid for by people who are worried about their jobs. It is a pretty vicious cycle.
Only the banks are happy. They are rolling in cash. Foreign investment and the local government are pouring money in to the banking system. The banks charge for both every action and every inaction. They then lobby the government to take the money of people who died without direct heir. They take risks and assume the taxpayers will bail them out on the short end.
It wasn't me. You can't prove anything.
2015-01-13
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