Goal 89: To change laws for the better
I find the only way I can comprehend Quantitative Easing is to compare it to theft. Theft of the value of the pound in my pocket; in my bank account; in my salary.
The only ones who appear to be benefitting from QE are the banks who are getting free money to invest with.
I decided this evening to contact our Prime Minister to express my views. The letter is repeated in full below. Perhaps if you would also like to share in the supposed benefits of QE you could also contact the Prime Minister. You may find his contact details here: http://www.number10.gov.uk/contact-us/
Dear Mr Cameron,
I understand that your government has this week decided to inject a further £75 billion into the British economy: http://www.bankofengland.co.uk/publications/news/2011/092.htm
This concerns me as I still have not received any share of the previous £200 billion injected since 5 March 2009: http://www.bankofengland.co.uk/monetarypolicy/qe/amount.htm
I am married and have three children and, assuming there are 60 million British citizens, calculate now that your government owes me and my family £22,916 ( I have rounded this figure down.)
This will adequately compensate us for the loss of value of our home; our salaries; our savings; and our belongings – all of which have depreciated in value as a direct result of your quantitative easing policy.
It may be that you prefer to pay each of us separately and if so I would be happy to provide names and/or bank accounts details.
Looking forward to helping the country spend and save more money,
This week in books 5/26/17
3 days ago