Episode 64 • • 50:43 - 52:13
64: Carbon Credits and the CIA
UK Tracker Mortgages, LIBOR and Interest Rates
In the United Kingdom, interest rates on savings accounts have dropped to 0.1%, falling below the rate of inflation. Banks are reportedly preventing "tracker mortgages"—which follow the LIBOR rate—from dropping further, despite contractual agreements. This move by financial institutions is criticized as a breach of contract that would likely lead to lawsuits in the United States.