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I have read that the financial system as we know it will collapse, and that it will be a grass roots rebuild based on worth, involving debt being wiped out and a new Global Credit system put in place.
Still I have a big bag of chocolate coated peanuts, a cup of tea and the missus snuggled up next to me.
I can be quite a doomer at times, I jsut don`t think this will happen. In such a scenario we could be looking at very far reaching and serious consequences aside from the obvious.
Hmmm, I did once read about the possibility of the USA becoming hostile as it loses its grip on worldwide power the outcome is a new world order.
WW3 anyone?
Very flawed species aren`t we, largely due to greed and simply just human nature
I prefer choccy coated raisins personally, not that I`ve had any for yeeeaaars.
.. If things get worse here the BOE will put negative rates on reserves, ..
Well every cloud has a silver lining - If BoE rates go negative, I imagine that would be a financial incentive for the Government and Banks to sort out same day clearing for cheques, and reduce the cost of "same day" telegraphic transfers.
All the same, that might not be such a good idea, because if funds can be transferred at the click of a button the more acute a sudden panic like Northern Rock would be. For something like that it's better to have delays or "dampers" in the system.
Well it is down 2% or so, so a 2% pay rise for me in Holland.
But the way I see it it is more a case of avoiding a 2% loss rather than getting an extra 2%.
Also got a shed load of UK savings that have just lost me a few grand
A couple of weeks ago the pound bought 1.17 Euros, now it's 1.10. Surely that's a bit more than 2% (unless my meagre arithmetic skills are failing me)?
Your UK savings can be used when you visit Blighty (and thus avoid paying commission extortion to banks). Just pray there's not a sudden bout of hyper-inflation.
Speaking gibberish on internet talkboards since last Michaelmas. Plus here on Twitter
A couple of weeks ago the pound bought 1.17 Euros, now it's 1.10. Surely that's a bit more than 2% (unless my meagre arithmetic skills are failing me)?
Your UK savings can be used when you visit Blighty (and thus avoid paying commission extortion to banks). Just pray there's not a sudden bout of hyper-inflation.
Your arithmetic skills are fine - its more like 6% isn't it.
And considering the pound was around 1.45 to the Euro last year, its even more.
All that money gone to pay for a swathe of "diversity outreach advisers" or some such nonsense.
I should move it all over to the Euro to stop the rot.
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