Premium Bonds and the worst case scenario

drum_3

Okay

There's numerous threads/posts here and at HPC about '' bankrupt Britain''

So, IF we can't pay our debts and IF the IMF can't afford to bail us out, what happenns to NSANDI investors?

Is their money truly 100% safe?

Where would they stand in the pecking order of creditors to UK PLC?

Thanks

amcluesent

>Is their money truly 100% safe?<

They'd get the money back OK. But the printing presses would have been running so long that a loaf will be £10.

drum_3

amcluesent wrote: »

>Is their money truly 100% safe?<

They'd get the money back OK. But the printing presses would have been running so long that a loaf will be £10.

LOL- only £10. Well thats ok then!

Seriously, you think (I'll say we now ) be ok. How does the pecking order work then? Direct loans to the gov takes preference over Northern Rock, RBS, overseas creditors etc? Where would all the money come from? Feels like all the bail-out money might mean NSandI investors might be told to wait...and wait.....and wait if we wanted our money back.

But I know nothing. Just wanted to know thatat least it wouldn't be confiscated for the 'greater good'