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who is terrified?

1246710

Comments

  • Que sera sera, whatever will be, will be..............

    Life will go on, even if there is a dramatic downturn in living conditions due to economic times, we are still by far better of than many areas in the world.

    We should be thankful to be lucky enough to be from the UK, instead of some area where there are really some poor living conditions.

    Its a time to be humble instead of complaining we are hard done by
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Leighthal
    Leighthal Posts: 326 Forumite
    caveman38 wrote: »
    I'm bloody worried. Me, my wife and sons have all our life savings in Halifax and Barclays. What if they are nationalised can the treasury still guarantee my savings.
    Will someone give me some assurance, please.
    Even if I did queue up and get it out (assuming I can surrender bonds over the counter) where would we put it?

    I think the government want you to 'Spend Spend Spend'.(thanks to Viv Nicholson for that quote,but look what happened to her!)
    In an Acapulco hotel:
    The manager has personally passed all the water served here.:rotfl:
  • No one but you is claiming that 3.5m unemployed is going to be the "peak". The peak could turn out to be 20m.

    Well obviously. there have been no forecasts made by any economists, because they're all sat with their feet up waiting for something interesting to write about.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Huh? Not everyone has a roof over their head, enough to eat and be warm, even now.

    Why does anyone think that the media is any part of the cause of the current economic catastrophe? Did the media decide to close down Lehman Brothers? Was Madoff a newspaper editor? Were all those mortgages sold to people who could not afford them, by journalists? Did the media have anything to do with dodgy loans being parcelled out and sold on? No.

    Cholera has been here before and could return. Analysts think that we will soon have 3.5 million unemployed. This generation is about to experience real austerity - better to prepare for it than go on saying: Me, worried, nah!

    Wouldn't like to be near you in a crisis :eek:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    caveman38 wrote: »
    I'm bloody worried. Me, my wife and sons have all our life savings in Halifax and Barclays. What if they are nationalised can the treasury still guarantee my savings.
    Will someone give me some assurance, please.
    Even if I did queue up and get it out (assuming I can surrender bonds over the counter) where would we put it?

    Do you have more than the guaranteed amounts eg 50k per person per registration?
    If the answer is yes move some, if no what are you worried about?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • purch
    purch Posts: 9,865 Forumite
    What if they are nationalised can the treasury still guarantee my savings

    I think you may be understanding what "Nationalisation" means :rolleyes:

    It doesn't mean that the Scottish Nationalists take over !!! :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • mizzbiz
    mizzbiz Posts: 1,434 Forumite
    Why is it ok for Geoffky to be 'Seriously Alarmed' in another thread, but not for Neas to be 'Terrified' in this one?

    Fundamentally, the threads are about the same thing... but the choice of words is being nit-picked.

    Just thought i'd point it out.
    I'll have some cheese please, bob.
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    mizzbiz wrote: »
    Why is it ok for Geoffky to be 'Seriously Alarmed' in another thread, but not for Neas to be 'Terrified' in this one?

    Fundamentally, the threads are about the same thing... but the choice of words is being nit-picked.

    Just thought i'd point it out.

    I'm 'more than a little worried' about whether my hard-earned savings are going to actually be worth anything a year or two down the line when I want to buy a house.

    (Ok, they weren't particularly hard earned but they were earned and saved by me which is more than a lot of people bothered to do......)
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • beecher
    beecher Posts: 2,497 Forumite
    I'm not worried for myself in particular, but I am concerned about how bad this could get. We could be heading for Depression, and who knows where it'll end up. The uncertainty is pretty disconcerting.
  • caveman38
    caveman38 Posts: 1,312 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    StevieJ wrote: »
    Do you have more than the guaranteed amounts eg 50k per person per registration?
    If the answer is yes move some, if no what are you worried about?

    I am worried that if say RBS, LLoyds and Barclays for example were nationalised. would the treasury have the funds to guarantee all the deposits. may sound stupid, maybe I am. can't help but worry about that scenario.
    Would deposits (savings) still be safe under those circumstances?
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