We all know he wants us to invest our pension in Green Bonds. Green bonds that pay 3%.
Then there\’s this:
Planned inflation has to be part of the solution too. It is the only historically proven way to wash bad debt out of an economy. Which is why we need it at 4 to 5% now.
The thing is, I really cannot see how those two can be combined with this:
People want fair pensions – not ones that decline in value.
Do you think Ritchie realises that if inflation is higher than interest rates then people lose money as they hold bonds?