
Alan Smith
26.8K posts

Alan Smith
@AlanJLSmith
Wealth Management for Entrepreneurs | Founder | Storyteller | Truth Seeker | 🏴☠️Podcast 🎧 https://t.co/3Vhn2ToybD









Where did the 3% go? Money supply has grown 6.7% a year on average for the past 50 years. Inflation has averaged 3.7% over the same time period. Prices should have fallen by 3% each year for the past 50 years, but they haven't, they have got more expensive. Compound interest is the "eighth wonder of the world" according to Warren Buffet... Well, equally powerful, but equally devasting, is a "3% compound loss". This is the problem we are solving @hope_currencies. To provide a consistent yield above inflation with minimal volatility and risk (target <0.5% annualised). Our dream is to make the lives of those "living in hope" 3% cheaper, 3% easier, 3% more abundant - year, after year, after year. To enable people to build a better money future for themselves and their family. #livewithhope


So the UK's 10-year gilt yield - the cost of government borrowing - is now up at 2008 levels. An 18-year high The difference is that, back then, UK national debt was 48pc of GDP, and now it's the best part of 100pc. So the debt service costs are much MUCH heavier. Of the £14.3bn the UK government borrowed in February alone, no less than £13bn of that was spent on interest on existing debts - a situation which is not only unsustainable, but very close to provoking a disastrous financial collapse. Yet still, our national discourse is all about more spending, more borrowing, more "state intervention". When is the Labour party – and much of the listless, unthinking rump of the UK's political and media class – going to start acknowledging reality? WHEN ....?





