Pensioners and savers.

bendix

You're ignoring the most obvious explanation Aegis. The poor chap is a bit unbalanced.

I hope that solves the issue for everyone.

Hungerdunger

Aegis wrote: »

Why exactly are you so keep on trolling this issue, as it hardly does your cause any good if you can't actually discuss the facts rationally/

Probably because the rest of us keep replying to him.

dunstonh

Hungerdunger wrote: »

Probably because the rest of us keep replying to him.

Whilst it can be enjoyable to debate issues, it is no fun when someone doesnt engage and is as ignorant as Gray_colt.

Best thing to do then is add them to ignore and you wont have to worry about what they say. If people end up taking no notice of him, he will go away .

Gray_colt

The bank of england really are laughing there collective socks off at savers, prob sticking 2 fingers up also! The bonus cultures back and that didnt take long did it! Petrol going through the roof too but i bet inflation goes negative like they say...because noone uses petrol any more hey! How long will we be fed lies, we can all see what happening and the city bankers have once again got there cake and they are munching away on your 2.8% aa interest while they earn 30k a quarter bonus and you get 200£ a year. Thanks savers for bailing the banking sector out only to be shot in the back. Makes me wonder if all you savers out there have any feelings about this or are you just..head in the sand types.

Aegis

OMG, please tell us more about whatever the hell it is you're ranting about, it's just so informative!!!!!!!!

Gray_colt

Well its about time the usless MPC were held accountable. They have always got our economy wrong, mostly down to the fact they are the goverments puppets. Their jobs are a waste of time and money. Inflation next year will be substantially higher than forecast just three months ago, and growth will be notably slower. So thrir FAIL is so huge anyone on this forum could have done a better job.

The Bank will have an excuse: George Osborne's decision in the June emergency Budget to increase VAT from 17.5pc to 20pc will push inflation higher in 2011. But the Bank's excuses are beginning to wear as thin as the "dog ate my homework" has in the classroom.


For 42 of the past 51 months, inflation has been above the Bank's 2pc target. And, since April 2007, King has had to write seven letters of explanation to the Chancellor – the first since 1992. Worse still, its one-year forecasts have turned out to be worryingly wide of the mark, as the chart above shows.

The lot should be sacked! Their totally usless and inept.

Aegis

I just reported this as trolling. If you're not willing to actually discuss the nonsense you spout, don't post on a discussion forum. Set yourself up a blog or a website instead.

Gray_colt

I read this with a growing sense of deja vu and great deal of anxiety, for the excuse this time is "rising food prices". They have said that before and every monthly figures have a "new" excuse. It seems they are running out of it and going back to the start of the list.
The BOE is continuing in their complacency and are engaged in their favourite sport- that of punishing the prudent to reward the !!!!less, reckless and the greedy- by stealthy robbing the prudent to pay the imprudent. They have totally lost the plot.

Aegis

Gray_colt wrote: »

I read this with a growing sense of deja vu and great deal of anxiety, for the excuse this time is "rising food prices". They have said that before and every monthly figures have a "new" excuse. It seems they are running out of it and going back to the start of the list.
The BOE is continuing in their complacency and are engaged in their favourite sport- that of punishing the prudent to reward the !!!!less, reckless and the greedy- by stealthy robbing the prudent to pay the imprudent. They have totally lost the plot.

So the fact that inflation is down doesn't matter too much to you?

C_Mababejive

Athough it may seem amusing to bait Mr Colt,he has a right to post and his postings give vent to a groundswell of anger and resentment that is building in this country amongst people who have towed the party line and have tried to take responsibility for themselves by saving/investing/whatever.

I too share much of his anger.

We cannot all be sophisticated wheeler dealers who have large stashes of cash and sit here chatting about ETFs,spread betting,Forex blah blah blah.

For most ordinary people,saving means or has meant for decades..simply going round to the building society ,getting the best rate and expecting a return which is above inflation.


Indeed for most people..they dont recognise or understand the link between inflation and rate of return and so most people wont recognise that there are now no savings institutions in this fair land which offer a positive return.

Maybe the answer is..well if there is no positive return,i might as well take my pictures of Lizzy and stuff them in a safe to deny the banks useage of them for profit?

Remember folks,most people do not have the knowledge and skills to generate returns using vehicles any more sophisticated than your ordinary BS savings acc and further,they dont have the huge pots of money often required to risk/do such deals. They may only have 5 or 6 thousand pounds at most.

Dont get angry....get even.