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| Barclays Bank liabilities |
"More generally, the current extended period of rock-bottom interest rates has impacted heavily on those holding most of their savings in deposit or short-term savings accounts, who have seen negative real returns. Savers have every right to feel aggrieved at losing out; after all, they did nothing to cause the financial crisis. But neither did most of those in work, who have also seen a substantial squeeze in their real incomes. And unemployment, particularly among the young, has risen as output has fallen. This is all a reflection of the hit to output from the financial crisis. Output is still some 4% below its previous peak and more than 10% below where it would have been if the economy had simply continued growing at its pre-crisis historical trend. There have been few winners over the past few years."
Charlie Bean, Deputy Governor of the Bank of England
although not universally:
Meanwhile, it is refreshing to have this insight into the quality of mind and expression that characterises one of the leading private global 'intelligence' companies on whose insights our governments and international corporations rely.
http://www.golemxiv.co.uk/2012/02/propaganda-wars-our-version-risk-weighted-lies-1/
http://viableopposition.blogspot.com/2012/02/charlie-bean-strikes-again-impact-of.html
http://viableopposition.blogspot.com/2012/02/wikileaks-and-stratfor-email-release.html
