If this was a shock to you...(I don't know what people don't know)..this guy does a fair job of colouring things in...
FUCK HUEL cheese and onion toasties and bacon sarnies ftw
That's not the worst that can happen - consider the case of the UK "War Loan" - sold to the plebs at Post Offices with a 5% yield - which was cut during the depression to 3.5% to save the government cash.
From Wikipedia:
Policy changed when
Asquith's government fell in December 1916 and
Bonar Law became Chancellor in the new
coalition government. The third War Loan was launched in January 1917 at a 5% discount to face value and paying 5% interest (or 4% tax-free for 25 years), a rate Lloyd George described as "penal".
[17] Holders of existing War Loans, Treasury Bills and War Expenditure Certificates could convert to the 5% issue.
[15] Of the £2.08 billion raised by the 5% War Loan,
[21] only £845 million was new money; the rest was conversions of £820 million of 4.5% Loan, £281 million of Exchequer Bonds and £130 million of Treasury Bills.
[15] Labour politician
Tom Johnston would later write of the 1917 War Loan "No foreign conqueror could have devised a more complete robbery and enslavement of the British Nation".
[15]
On 30 June 1932
Neville Chamberlain announced that the Government would exercise its right to call in the 5% War Loan, offering a choice of taking cash or continuing the loan at 3.5%.
[22] Although they were obliged to give 90 days' notice of such a change, a 1% tax-free cash bonus was offered to holders who acted by 31 July.
[22] This conversion saved the government about £23 million net per year.
[22] On 3 December 2014 the UK Government announced it would redeem the outstanding war loans on 9 March 2015.
[23]
www.zerohedge.com
markets.businessinsider.com
) but does this mean my stock of silver thruppences won't be worth anything?
www.businessinsider.com
www.ft.com
