Why this Blog?

A place where I can lament the changing times; for eccentric comments on current affairs and for unfashionable views, expressed I hope, in cogent style; also occasional cris de coeur largely concerned, I regret to say, with myself.


I welcome your comments, so do please write. Please note however that all comments are moderated prior to publication. Whilst I fully appreciate that life can be frustrating, nevertheless, abuse, SMS language and illiteracy will not be tolerated!

Tuesday, 23 April 2013

Interesting Law Suit

There are those who consider that inflation is theft; certainly it is interesting that a Chinese woman is suing the U.S. Federal Reserve on the grounds that since it has a monopoly on printing money, its recent printing bonanza has devalued the woman's assets.

The picture below shows a Bank of England £10 note issued in 1934; never mind what the official statistics claim, I maintain that today the equivalent would be in the order of £700.

That should serve to show exactly what the Chinese woman is getting at.

Until the next time.

No comments: