Gadaffi and Savings

Pricetag_3

How do people thing the situation in the Arab world will affect savings and investments?

vulcangascompany

I don't have my savings with Gadaffi, he was offering no FSA security and poor interest rates - although the free oil vouchers were tempting.

Nikel

Investments, well you're better off if you are in oil.

shaun_from_Africa

It's certainly going to affect my savings ability for a little while.

Until 2 weeks ago I was working in Libya, and was due to go back there in another 2 weeks, but that won't be happening for a while.
Until it settles down (if it does), I'm going to be based in Malta, and trust me, you can spend 20 times the amount there that you could ever do in Libya.

DavidHayton

Doing very nicely out of an ETF following Oil and Gas companies in Canada
David

standinman2009

Gulp i didnt know there was a Gadaffi Bank what are rates like ?

Nikel

standinman2009 wrote: »

Gulp i didnt know there was a Gadaffi Bank what are rates like ?

Well I rang the Bank of Libya to find out, but the guy on the other end was screaming something about the building being on fire and then the line went dead. So who knows what the rates are.

padington

Pricetag wrote: »

How do people thing the situation in the Arab world will affect savings and investments?

If we see a long term civil war with many factions bleeding into and supporting unrest into the rest of the middle east with another key country following into long term unrest, we will see many shares diving like they were at the olympics I reckon, whilst other key ones will benefit. Inflation will become a real problem, perhaps The USA keeps quantative easing but agaisnt the wishes of the rest of the world. Maybe the UK goes the other way big time with austerity measures and tries to keep a strong pound, eurozone somewhere inbetween. The pound shoots up, that messes with manufacturing, but F*ck it, we dont have much of that so we run with cheap holidays, the tory's try and sell us the idea that our country is strong because the pound is strong whilst laying people off left right and centre. Those that have money make money, those that dont get f*cked. People who invested in houses lose over the long term. Food prices go balastic, Obama losses presidency. Some right wing nutters get in power in the US whilst its on major decline. They talk reasonably at first but secretly have a big plan. They see the only way of US remaining top dog is though war and they back sides heavily in the middle east, Russia takes the other side with quiet backing from China. Pakistan goes bankrupt, weapons get sold to the wrong hands. A very, very weak dirty bomb goes off in new york ... it all turns really nasty. Then maybe a very rare ecological disaster or new virus makes the war of man look like childs play.

Maybe ?

Jonbvn

padington wrote: »

If we see a long term civil war with many factions bleeding into and supporting unrest into the rest of the middle east with another key country following into long term unrest, we will see many shares diving like they were at the olympics I reckon, whilst other key ones will benefit. Inflation will become a real problem, perhaps The USA keeps quantative easing but agaisnt the wishes of the rest of the world. Maybe the UK goes the other way big time with austerity measures and tries to keep a strong pound, eurozone somewhere inbetween. The pound shoots up, that messes with manufacturing, but F*ck it, we dont have much of that so we run with cheap holidays, the tory's try and sell us the idea that our country is strong because the pound is strong whilst laying people off left right and centre. Those that have money make money, those that dont get f*cked. People who invested in houses lose over the long term. Food prices go balastic, Obama losses presidency. Some right wing nutters get in power in the US whilst its on major decline. They talk reasonably at first but secretly have a big plan. They see the only way of US remaining top dog is though war and they back sides heavily in the middle east, Russia takes the other side with quiet backing from China. Pakistan goes bankrupt, weapons get sold to the wrong hands. A very, very weak dirty bomb goes off in new york ... it all turns really nasty. Then maybe a very rare ecological disaster or new virus makes the war of man look like childs play.

You've been watching too much TV.;)

System

All safely protected by the Libyan Investment Authority:

http://www.libyaninvestmentauthority.com/

ChiefGrasscutter

Gadaffi needs to do a deal with the Chinese.

The Chinese to get ALL the oil output from Libya and they certainly need it - while the west henceforth gets fk all.
Then get the Chinese to "quell" the renegades in the country.......or even perhaps expell them en-masse across the med to France and tell Sarkozy to stuff that in his pipe and smoke it.
Job done.