see url: http://www.bbc.co.uk/news/business-42957834
Will "the Donal" be taking the credit for the drop in shares...one
wonders:-). Now, which one of his tweets was it... I daresay we have
all forgotten his first address to the Union....False news...
Still, it isn't the end of the world, the global economy doesn't just
depend on the value of shares on the international stock exchanges. And
as for all that money which you have invested in your pension
funds...Well, there are an awful lot of companies who are using their
pension funds as loan banks...and some of them are going bankrupt here
in the UK. These companies are great believers in the policies of Adam
Smith by the way...the economist so worshipped by the private
entrepreneur. They get their money from the state via the taxpayers,
and their pension funds are guaranteed...to some extent...by the
state...via the taxpayers...when things go wrong. Nicking the money off
of the pension fund is a cheap way of getting funds. Adam Smith is being
turned in his grave....by his hidden hand in the market place...
I do remember, in William Shirer's book, "The Rise and Fall of the 3rd
Reich". That one of the first things that the Nazis did was to purloin
the workers pension funds...One hopes that the same principle doesn't
As I have said before, the only organisation which can guarantee
pensions...is the government.