Protect against UKGOV savings confiscation

kidmugsy

Wilkins wrote: »

Deposits under 100,000 Euros were spared (thought it was discussed) as per EU guarantees, but deposits over that amount were subject to a haircut.

And that is not remotely equivalent to the hysterical claim that the government "stole money from people".

What did happen was that people who had lent money to a bust firm lost some of it. They were lucky that as depositors they had the privilege of having the first €100k protected.

What on earth is the objection to reckless lenders losing money?

thor

bigadaj wrote: »

e.

look at the millions of pensioners in cash currently who are getting derisory returns, they still think equities ae a form of gambling.

But it is.

Jonbvn

Glen_Clark wrote: »

Really?
When its never happened before?

In Japan over the last 10 years or so. I think they call it their lost decade.

Glen_Clark

kidmugsy wrote: »

What on earth is the objection to reckless lenders losing money?

In the case of Britain its because the FSA gave banks like Northern Rock a clean bill of health a few months before the run on the bank started. Lenders who lost money would have been rightfully peeved and asked awkward questions of the Government. So it was easier for cowardly politicians to bale them all out with our money.

Glen_Clark

lvader wrote: »

The higher Euro value is a handicap rather than a benefit, the pound is still around it's 30 year average against the USD so about where it should be.

Why does Britain always suck up to America 3000 miles away and shun its next door neighbors in Europe 20 miles away?

Glen_Clark

innovate wrote: »

Spain will need at least 20 years to get back on their feet,

Being a regular visitor to Spain I can't help but notice the massive amount of new infrastructure they have built - roads, railways, underground car parks, all publicly owned. So they have a lot to show for their debts. I struggle to find anything that Britain has got to show for their bigger debts. Everything from hospitals,court buildings, police stations etc etc has been built with private money necessitating hugely inflated future bills that are simply ignored in the official national debt statistics.

Jegersmart

ffacoffipawb wrote: »

Best way to protect your assets is to make sure we never ever have another Labour regime.

It is irrelevant who is "elected" - money is the king in this system - politics is a sideshow.

Additionally, labels such as "labour", "conservative" as well as "christian" and "muslim" are just dividing all humans. It is the most efficient way of controlling societies ever invented (so far).

I notice you had a bunch of thanks against this post which dismays me. People need to start thinking about the bigger picture and not get mired in the small irrelevant details such as these.

imho
J

talexuser

innovate wrote: »

Who told you there was no inflation?
http://www.whatsthecost.com/historic.cpi.aspx

Badly worded for effect, I meant compared to afterwards. Inflation in the 50s to 60s was low and a non issue compared to the oil price crisis times of the 70s and economic woes of the 80s. Only in the 2000s did we achieve comparable low inflation rates, the difference was that in the 50s and 60s there was full employment and increasing prosperity.

Inflation around 2% in normal times never worried people before, only now with limited pay rises and long time 0.5 base rates is it an issue with the spectre of QE unwinding - or never unwinding.

talexuser

I understood the Germans paid 20% of salary to their state pension? If we paid that much maybe we could afford ours?

kidmugsy

talexuser wrote: »

I understood the Germans paid 20% of salary to their state pension? If we paid that much maybe we could afford ours?

Our standard rate of national insurance is (if memory serves) 12% from the employee and rather more from the employer. That adds up to more than 20% doesn't it?