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Nice people thread part 4 - sugar and spice and all things
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WOW! That's amazing
I always found the following very entertaining and it still makes me smile. Notice the date, but a few on the "variety shows" since have copied him to some extent and tried to pass it as "ground breaking"...
David Elsewhere - Kollaboration 2001
He also did the VW advert... Singing In The Rain
Edit: Just wanted to add this one... David Elsewhere - Silence
Good links! Well worth watching! Never realised he ws the guy in the VW advert.:DThere is no honour to be had in not knowing a thing that can be known - Danny Baker0 -
I don't really understand that bit about punching a hole through the bearer bonds. If the need for security was ended, surely the bonds should have been returned to whoever provided them as security?
The bonds are a claim on the other bank (JP Morgan from memory).
If you destroy them in this way you can file them away which proves that you took them in as security but the claim against your 'counterparty' has ended.
There is a degree of trust in this but you need to have some trust in any trade. As the bonds all had serial numbers on them, if we'd try to cash them in rather than destroy their value then we'd have been frozen out of markets. That just isn't worth $27,000,000 to a bank.
HSBC, very much to their credit, brought to an end the systematic movement of physical bonds around the City. They put a lot of pressure on the BoE to all but end the practice after a messenger had is hand removed on order to take the handcuff and briefcase off him. A lot of political capital was used up trying to push that through.
Financial gain to HSBC? £0. Financial cost to HSBC (having to build a new IT and regulatory infrastructure)? Huge. Millions easily, probably more like tens of millions or more!
Benefit to low paid, badly qualified or young workers? Huge.0 -
The bonds are a claim on the other bank (JP Morgan from memory).
If you destroy them in this way you can file them away which proves that you took them in as security but the claim against your 'counterparty' has ended.
There is a degree of trust in this but you need to have some trust in any trade. As the bonds all had serial numbers on them, if we'd try to cash them in rather than destroy their value then we'd have been frozen out of markets. That just isn't worth $27,000,000 to a bank.
HSBC, very much to their credit, brought to an end the systematic movement of physical bonds around the City. They put a lot of pressure on the BoE to all but end the practice after a messenger had is hand removed on order to take the handcuff and briefcase off him. A lot of political capital was used up trying to push that through.
Financial gain to HSBC? £0. Financial cost to HSBC (having to build a new IT and regulatory infrastructure)? Huge. Millions easily, probably more like tens of millions or more!
Benefit to low paid, badly qualified or young workers? Huge.
I'm with you. I thought they were bonds from a 3rd party. If 3rd party bonds had been deposited with you by way of security, it would make no sense to destroy them.
In the past it was quite common to get bearer bonds from large industrial companies. To collect your interest, you quite literally cut one of the coupons off the bottom of the bond and sent it off to be paid. That terminology has stayed with us today.No reliance should be placed on the above! Absolutely none, do you hear?0 -
I'm with you. I thought they were bonds from a 3rd party. If 3rd party bonds had been deposited with you by way of security, it would make no sense to destroy them.
In the past it was quite common to get bearer bonds from large industrial companies. To collect your interest, you quite literally cut one of the coupons off the bottom of the bond and sent it off to be paid. That terminology has stayed with us today.
There are shops in the back streets around the Bourse area of Paris that will sell you an old bond from a defunct company with a few coupons still attached. You can pick them up for a few tens of EUR.
The sort of bearer bonds you normally see (saw) in banking were called 'discounted securities'. That is they had a face value of $1,000,000 but you bought them for perhaps $990,000.0 -
Have been watching MotoGP this morning. Terrible news of crash involving Marco Simoncelli. He is in critical condition and race has been cancelled. I hope we won't have two deaths in two weeks, this is terrible. Very dark days for motorsport.
Update: BBC website showing that Simoncelli has died. This is extremely sad.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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I'm no expert, but I'd have thought that racing cars was inherently dangerous?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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Just received the following email, which I thought I would share with all the nice people, particularly "May the peace of the Lord be with you wherever you may be now."
Attn: Sir/Ma
We are writhing to know if it's true that you are DEAD? Because we received a notification from one MR. GERSHON SHAPIRO of USA stating that you are DEAD and that you have giving him the right to claim your funds. He stated you died on a CAR accident.
He has been calling us regarding this issue, but we cannot proceed with him until we confirm this by not hearing from you after 7days. Be advised that we have made all arrangements for you to receive and confirm your funds without anymore stress, and without any further delays.
All we need to confirm now is your been DEAD Or still Alive. Because this MAN'S message brought shock to our minds. And we just can't proceed with him until we confirm if this is a reality OR not But if it happened we did not hear from you after 7days, then we say: MAY YOUR SOUL REST IN PERFECT PEACE.
YOUR JOY AND SUCCESS REMAINS OUR GOAL.
May the peace of the Lord be with you wherever you may be now.
Your Faitfully,
Mr.Tony Allens
Email: nigeriainvestigationdepartment@googlemail.comNo reliance should be placed on the above! Absolutely none, do you hear?0 -
PasturesNew wrote: »Top tip of the day: If you own a house with somebody and you've written wills ... take time to double check that they don't contradict themselves upon a death
IIRC, most soliciters put a term in the wills saying that the money will pass to the other partner, providing they survive you by 1 month.
To get around the awkward thing of both people dying at the same time.PasturesNew wrote: »And online earnings are shot.... completelly shot ... and all I can do is sit and watch it die as I don't have the time to myself, nor space/peace to even start to resurrect it ... £7 today! Hardly dared look to be honest
Ouch... what happened to it? Just getting neglected because of other things, or was it pandalized?PasturesNew wrote: »
I wonder how tomtom's book is going.....
It's sitting in a draw for a revision... I missed the deadline, so have given it some time to get some distance from it before I sort out a few plot holes / problems.
So I've started a new one. That one is 21,500 words in. I won't be here much next month, it is NaNoWriMo, where you write 50,000 words in a month.
Plus, I have written 40 stories so far this year, and submitted them to paying markets. My five year plan to get good at things is going along slowly, I'm roughly 6 months in, and have written around 300,000 words... which is more than I wrote for the five years preceding that.neverdespairgirl wrote: »I'm no expert, but I'd have thought that racing cars was inherently dangerous?
Yes and no. Going very fast round a course has of course got risks, but these are professional drivers with highly advanced cars and bikes (in this case, a bike) and courses designed to minimize the risks... actual fatal injuries are rare, probably rarer than horse racing.
No one wants a motor sport driver dying, but it is ultimately a risk... just like it is a risk in many other sports, such as rugby or cricket.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
In Wales last week. Plastic bags are now chargeable by law. Fair enough for food, not much effort to take your carriers into Tesco; but in clothes shops its a pain. Buy clothes for £70 and be asked for another 5p for the bag, or carry the clothes without the bag. Makes shoplifting easier if loads of customers are carrying unbagged clothes out of the store.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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PasturesNew wrote: »Top tip of the day: If you own a house with somebody and you've written wills ... take time to double check that they don't contradict themselves upon a death
What sort of contradiction are you dealing with, Pastures? I have a tame probate solicitor in my family and can get you some informal advice if you need it.
Sorry to hear about your income. Hope you can move out soon.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0
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