Savers Should Stand Up And Be Counted

evenasus

savetilibleed wrote: »

What about Vince Cable. Now there's a man with foresight into the banking system and sommon sense.

I agree with you, Vince Cable is the only 'politician' who has shown any commonsense during this financial fiasco. He's probably too, the only politician respected by all parties, on financial issues.
If only the powers that be had listened to him months ago, when he called for interest rates to rise - not fall.
com·mon·sense (kmn-sns)
adj. Having or exhibiting native good judgment: "commonsense scholarship on the foibles and oversights of a genius" Times Literary Supplement.

common·sensi·ble, common·sensi·cal adj.
common·sensi·bly, common·sensi·cal·ly adv.

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.

evenasus

aardvaak wrote: »

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.

Errrrm, I believe it's called envy.;)

Ken68

Well it wasn't Arthur Scargill types that caused the present crisis, can't blame the working man.
I've lost out, and need someone to blame, show me who!!.
THE BOE perhaps, all ex City Boys, gambling with my pension, pocketing million pound bonuses.
I need someone to blame.

GeorgeHowell

Ken68 wrote: »

If you vote against the present government at the next election, you will be voting in the party who are financially supported by hedgefunders and banks.
Gordon and Darling are just trying to sort out a mess caused by irresponsible lending .

But they had eleven years to sort out the problem of irresponsible lending. Instead they chose to impose a new system of regulation which turned out to be severe lack of regulation. In their desperate attempt to appear "business friendly" New Labour allowed the greed and irresponsibility of banks and others to bring the financial system to its knees.

Mr_Matey

SavingSteve wrote: »

Global FX markets mean this is pointless. Money has already moved out of the UK to higher paying jurisdictions, so the GBP AUS rate as moved accordingly.

What you gain in interest you lose in the FX.

Only if markets are efficient. Recent events don't agree with this, especially if you've been watching the FX market.

It's a FX gamble, sure, but leaving money here is the same as betting the GBP will appreciate against the AUD by at least 3% over the next year, and I will eventually be moving my money back to Aus.

Also, it's not totally pointless, as it means tax on income goes to Aus not the UK . If a lot of savers did such a move it would be sending a clear message to the government don't you think?

Ken68

In which case perhaps time to vote Old Labour.
Why aint someone being charged with a criminal offence.
I want to see justice, a few hangings and I want my losses back, maybe out of THEIR savings, THEIR pension.
A scapegoat is needed,at least make me and others feel better.
Stop dead a few index linked pensions might be a start.

doire_2

Labour throw billions of taxpayers money at the banks and still let the banks get away with it. Its a joke.

Now the BOE cut interest rates in the hope that people will spend, spend, spend - but the only people who have money are savers - do they really expect us to throw years of saving away? :rolleyes:

Ken68

I really do need satisfaction, perhaps some local banker, all the better if he's fat and about to retire.

superstar_2

parcival wrote: »

We need someone to come forward with an ounce of common sense.

Unfortunately, common sense is not so common. :rotfl: