On Jul 6, 2013, at 2:09 PM, Mervyn Lobo <[email protected]> wrote:
"When a govt keeps the interest rates at .25% and accepts a higher inflation rate, all it means is that it is official govt policy to penalize savers. The more you save, the more punishment you get" Comment: The worst punishment is felt by those who rely solely on their savings. a : the Value of their saved Currency is reduced by the galloping inflation coupled with any devaluation that might be ongoing ; b: those who have either opted for or have been forced into retirement, and have not planned for retirement. And while it is that not all eventualities are 'planable', it does make sense that we Goans spend a wee bit less on Folga, Festa ani Feni AND have the ability to have a business, occupation and profession which cushions us from Govt enforced retirement - unless there is sufficient pension at hand. jc
