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The £35000 limit is largely irrelevant.
Comments
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>If it gets that bad, do you think you'll be able to use all that useless paper?<
So worst case, that what the gold is for. The cash is just for the power-cuts knocking out the ATMs, RoP cyber-attacks on the critical national infrastructure and BACS collapsing.0 -
I don't think he ever said they would; I think it's a case of bad reporting.So why did Darling say that they would raise the limit to £100K over a year ago? here
If you can refer me to a statement of his which says this, then I'll be pleased to admit I'm wrong."The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens0 -
So why did Darling say that they would raise the limit to £100K over a year ago? here
Because he knew that a year from now £100k would be the price of a box of matches.In the field of investment, 99 per cent of everything is garbage. Why? Because we have "gearing". - Robert Beckman0 -
Hungerdunger wrote: »I don't think he ever said they would; I think it's a case of bad reporting.
If you can refer me to a statement of his which says this, then I'll be pleased to admit I'm wrong.
At one point, Gordon Brown appeared to be saying the exact opposite - that the FSCS 'safety net' should be removed altogether.
He claimed it lulled investors into a false sense of security, and that they should shoulder the responsibility in order to appreciate the risks."If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson0 -
Fed up with posting this-But where , precisely would the FSA or the Government get all this money to pay everyone out in the event of several Banks going bust?0
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Fed up with posting this-But where , precisely would the FSA or the Government get all this money to pay everyone out in the event of several Banks going bust?
From all of the remaining financial institutions that fund the FSCS. Details of the funding of the FSCS hereWarning ..... I'm a peri-menopausal axe-wielding maniac
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amcluesent wrote: »>If it gets that bad, do you think you'll be able to use all that useless paper?<
So worst case, that what the gold is for. The cash is just for the power-cuts knocking out the ATMs, RoP cyber-attacks on the critical national infrastructure and BACS collapsing.
Excuse my ignorance, but what is RoP?0 -
>but what is RoP?<
That's the 'Religion of Peace'0 -
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