Bank of England DERANGED?!

J45

if you had used half your brain you would of split your assets so no more than 35k was in 1 institution. so that really wasnt any benefit to me and i am still being punished for fools with money.

Just_landed

st wrote: »

:T :T agree interests rate reductions have done nothing except increase import costs due to exchange rates they need to be at least 5% as McBroon sais in 1992 weak currency means a weak government too true McBroon time to go NOW

Look at it on the bright side Prudence doesn’t blame the conservatives anymore. God bless AMERICA.
In the dictionary the word Prudent means :- cautious, discreet and here’s the best bit sensible, O ya:rotfl: :rotfl: :rotfl:

gull5426

the only way i would go and spend more would be if my savings got a good rate of interest on them.

as i dont have a mortgage or credit card debts .. i just have to sit it out and wait for them to go back up again.

silentfox

gull5426 wrote: »

the only way i would go and spend more would be if my savings got a good rate of interest on them.

as i dont have a mortgage or credit card debts .. i just have to sit it out and wait for them to go back up again.

exactly...it's so simple why can't they work it out..aren't they meant to be smart.

juicyjude

Ah not as smart as us!!!And I failed my 11 plus!!!!!!!!!!!!!!

aardvaak

People with mortgages are debtors (all be it agreed debtors)

People with savings are prudent and their monies get lent out to debtors.

So why do people look down their noses at people with savings who are just trying to get a decent return on their monies as an income to live.

arcadia00

gull5426 wrote: »

as i dont have a mortgage or credit card debts .. i just have to sit it out and wait for them to go back up again.

But how long are you prepared to wait? Japanese savers have been stuck at near zero rates for a dozen years and counting. That is one impressive amount of pain they have sucked up.

manhar

What does the phrase " kick-starting the economy" actually mean. Its nearly 3 months since Brown and the BOE did the kick-start, but I see things only getting worse. Furthermore I keep hearing that it will be years before things start looking up! This is not what I would call a kick start.....more like a slow and long-drawn-out push of the car to the nearest fuel station?

I'm begining to believe that the phrase was merely bandied about by Brown & Co to make us all feel that something dramatic would happen by dumping billions into the same coffers through which the money was previously leaking.....with no attempt to stop that leak! Credit card borrowing is still on the rampage - the wifes just received invitations to 3 new cards!!!

I work for the NHS, where financial mis-management results in the Govt sending in a strike team to sack the old mangement and replace it with a new one. How come this principle is not applied to the bankers and lenders?
No one but Lehman bros is being blamed for the mess and I dont believe that. If there are crooks in American banks, then you can bet they are here as well. Time they were weeded out. Otherwise just forget about kick-starting!