As the citizens of the European Union and the United Kingdom are increasingly struggling to make ends meet due to record levels of inflation, and as the winter draws closer, a serious cost of living crisis is set to spiral out of control. Skyrocketing energy costs, combined with galloping prices for food and other essential goods and services are bound to erase whatever was left of the “middle class.” Households that were once comfortable, and even had some savings aside, have been placed under severe financial duress already during the summer, and, unfortunately, the worst is yet to come....
The Penalty For Saving
In previous articles, we have outlined in great detail the many faults of the current monetary policy direction of major central banks and the large-scale economic impact of keeping interest rates artificially low. Among the worst offenders is the ECB, that is unapologetically persistent on continuing this exercise in absurdity that are negative interest rates. Over the last few years, the effects of this decision have been felt by pensioners and by responsible, conservative investors, who were forced to increase their risk in order to achieve reasonable returns. However, by now, we start to...
There will be a fake Brexit, dressed up to look like Brexit but will fool nobody!
Before becoming a politician, Godfrey Bloom worked in the City of London for forty years & won fixed interest investment prizes. Discontent with over-regulation of this sector, he entered the world of politics in 2004, as a Member of the European Parliament. Bloom represented Yorkshire as an independent MEP for ten years. He is an Associate Member of the Royal College of Defense Studies, holds the Territorial Decoration, Sovereign’s Medal, European Parliamentary Medal & Westminster Armed Forces Parliamentary Medal. He is also an author with seven books to his credit. He is married to...