NS&I Index Linked Certs closed for new applications

lisyloo

It says you can.

Paragraph 2 applies to OTHER products i.e. NOT savings certificates.

amcluesent

>Do you mean they will try to inflate away debts?<

Yep, HMG doesn't need to formally restructure debt with the creditors, it just repays them in ever more worthless fiat paper.

I know peeps think I take a cut from https://www.howitends.co.uk (I don't), but that site has the most cogent analysis of how things must pan out over the next three decades. For example -

"There has not been true commercial growth for the last decade, purely an economy kept running on the back of ever increasing debt. Very little of this money has been put into anything useful. It has been frivolous waste that has kept a bankrupt system running. There is no way that a sum this size can ever be repaid so either financial collapse or rampant inflation can be the only outcome."

The Condems (and the EU Central Bank and the Fed who keep the printing presses spinning) have decided that financial collapse now isn't an option (riots, 20M unwaged) so they'll keep stealing from the future by way of inflation.

This strategy will inevitably be derailed when the the manifest systemic flaws in the Western economies become clear, although these will be spun as 'blips' by the government of the day over the next 5 to 10 years.

It'll all start getting very 'interesting' say by 2017, when the lights will quite literally start going out in Britain as our energy security collapses and the inevitable multi-MW generating shortfall can't be hidden any more.

alanq

bigfreddiel wrote: »

I'm not entirely sure I understand the above (lifted from NS&I site) can I re-invest my ILSC that matures in a few weeks time?

Paragraph 1 says I can - paragraph 2 says I cannot as there will be no product to reinvest into! Which is exactly what i thought when I checked the NS&I product lists.

So which is it?

cheers

fj

The key phrase is "withdrawn from general sale". The recently withdrawn certificates will still be available to those reinvesting matured certificates.

welshmoneylover

The NS&I website gave me the option of registering my email addy so they can inform me if they go back on sale.

Perhaps this is just a temporary measure? :j

StevieJ

welshmoneylover wrote: »

The NS&I website gave me the option of registering my email addy so they can inform me if they go back on sale.

Perhaps this is just a temporary measure? :j

As RPI adjusted certificates, I doubt it.

rovernut

They acknowledged receipt of my application and took my money last week but have since asked for signatures to complete the application.

Fingers crossed I posted it today.

What d'you reckon?

Sceptic001

rovernut wrote: »

They acknowledged receipt of my application and took my money last week but have since asked for signatures to complete the application.

Fingers crossed I posted it today.

What d'you reckon?

You are in with no problem. Any application would be fine if the money has changed hands OK. Signature specimen is for their records when you encash.

VT82

Now everyone is bemoaning the loss of the product, and after all the recommending of them MSE and forum users have been doing (which they and everyone involved will deny has been the case, but let's call a spade a spade), it will be so funny if RPI is negligible in 12 months' time and everyone is screaming from the rooftops about how p&*%ed off they are with the miniscule bonus interest in a year!

rovernut

Was just thinking the same VT82. I felt pleased that I've caught this fab deal in its dying hours and then thought......so there must be a catch!

So RPI must now shrink to a new low!

Never satisfied:D

poppy10_2

VT82 wrote: »

Now everyone is bemoaning the loss of the product, and after all the recommending of them MSE and forum users have been doing (which they and everyone involved will deny has been the case, but let's call a spade a spade), it will be so funny if RPI is negligible in 12 months' time and everyone is screaming from the rooftops about how p&*%ed off they are with the miniscule bonus interest in a year!

If RPI is miniscule, then presumably interest rates will remain at all-time lows, and the 1.5% bonus will seem very competitive.