Church urged to publish advice that led to 400M Pound stock market gamble

The thing about deflation is that it is an egalitarian dynamic. It spares absolutely nobody including the servants of your chosen God.

If you are not in debt, you should embrace deflation and look forward to a much more wholesome and comfortable life style.

http://www.guardian.co.uk/business/2009/nov/08/pensions-crisis-church-of-england

And, by the way, I have the feeling the Church has another thing coming too.

You may recall that governments in the West are allowing banks to bypass certain accounting rules the application of which would cause them to declare immediate bankruptcy. This subterfuge means that banks can appear sound from an accounting point of view thus they can maintain investment grade ratings. As sound companies enjoying high investment grade ratings, banks also attract substantial investment money from institutions…. like pension funds….or insurance funds…. yours, mine and the church’s as, indeed, Mr. Buffet’s too…

What’s that light at the end of the tunnel you ask… ?

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