Yes, that's right. The Bank of England today reduced interest rates to an eye watering -15.45% below zero.
With the Bank of England deliberately inflating M4 to 16.6% and also dictating an artificial pound sterling interest rate of 1%, if you left any money with them, this time next year it will be worth 15.45% less than it is now.
With M4 set to go even higher, and with interest rates probably going to zero, we will soon start seeing everyone trying to get rid of cash by buying anything else that has real value, to further wreck the capital structure of the British economy. Unless a brake is applied to this madness real soon, we are heading towards stagflationary hell or even out-of-control hyperinflation.
We are ruled by lunatics who are deliberately destroying the value of every pound in your pocket and your pension, to steal that wealth from you so they can buy your vote at the next election.
Short pounds. Buy gold.