Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Economists Warn Of Inflationary Holocaust

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Karl West
UK Daily Mail
Aug 23, 2010

Interest rates could increase 16-fold within two years to 8 per cent – adding £900 to the average monthly home loan bill, it was claimed last night.

An economist at an influential think tank has warned that the base rate may spiral ‘rapidly’ as the Bank of England will need to curb runaway inflation.

Andrew Lilico, of the Policy Exchange think tank, said: ‘To keep inflation (as measured by the retail prices index) down to only 10 per cent for one year, the economy will have to be able to tolerate interest rates of perhaps 8 per cent.’

His warning echoes that of former Bank of England deputy governor Sir John Gieve, who last month said he expects rates to start rising ‘faster than the market currently expects’.

Full article here

Having A Supply Of Healthy Foods That Last Just Makes Sense (Ad)

This article was posted: Monday, August 23, 2010 at 3:39 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Raheem Kassam: Sh*thole London See the rest on the Alex Jones YouTube channel.

Germans Being Mass Brainwashed by TV to Submit to Islam See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/bcPVfa76Qig https://www.youtube.com/embed/kYmTFL9nbRQ

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.