Saturday, December 21, 2013

People are Losing out to Inflation

"There was some work done in the UK saying that by having zero interest rates you help the banking system by 120 billion pounds a year. But of course the opposite side of that is the savers don’t make 120 billion pounds. And with this financial repression ongoing, people can’t better themselves. They are losing out to inflation."

- Eric Sprott via a recent King World News interview: