Neil Macdonald: The 'monarchs of money' and the war on savers

``Very deliberately, the central bankers have punished savers, pushing interest rates so low that any truly safe investment -- and older people are always advised to play it safe -- yields a negative return when inflation is factored in. British pensioners Judy White and her husband Alan, at their home in Teddington, south of London: 'I now have 50 per cent less.' The policy has savaged pension and savings returns worldwide, but particularly in Britain, a nation of savers and pensioners.'' -- An excellent and rare mainstream media article focusing squarely on central bankers and calling them to task.