Reply to: The "crash" will be along very soon

[Andy2]

Has anyone got any recommendations on a foreign currency denominated bank account? Preferably one that pays interest and that can be managed on-line and won't go bust?

caterallen offer usd and euro linked account to your current account

[AtW]

Has anyone got any recommendations on a foreign currency denominated bank account? Preferably one that pays interest and that can be managed on-line and won't go bust?

Try Zimbabwe dollars - huge amount of interest apparently...

[TimberWolf]

Has anyone got any recommendations on a foreign currency denominated bank account? Preferably one that pays interest and that can be managed on-line and won't go bust?

[BrilloPad]

Can you get your crystal balls out please - I need to decide if all that cash in the bank should be moved into bricks or not...

Toss a coin :-

Heads. Property is cheap. The new BTL is here. buy buy buy.
Tails. The great crash is about to happen. Keep all your cash in the bank.

HTH

Or you could start a thread with a poll. Dont fioget the andyw option.

[Andy2]

There isn't a way out of this mess.
if the dollar keeps strengthening (unlikely) it will bring down stocks and commoditites which will lead to deflation and bring down the economy.
if the dollar goes down expect hyper inflation which will also wreck the economy,although will reduce the govt debt.
nobody knows

[Moscow Mule]

Surely the only way out is default or inflation.

Are you suggesting a deflation led depression?

Sounds a most likely scenario

Can you get your crystal balls out please - I need to decide if all that cash in the bank should be moved into bricks or not...

[AlfredJPruffock]

What DP is trying to say is that the 'crash' is in fact the crash with The Galalxy Andromeda is coming - any day now - making 2010 - The Year of the Diamond Dogs ....

[threaded]

Are you suggesting a deflation led depression?

Sounds a most likely scenario

[BrilloPad]

I think US and UK will go the japanese way of a decade long depression

Are you suggesting a deflation led depression?

[Andy2]

I think US and UK will go the japanese way of a decade long depression

[BrilloPad]

What I dont understand is how anyone can think we are coming out of recession while debt is so high. Both at government and personal level. Surely the only way out is default or inflation. Can anyone tell me what I am missing please?

[sasguru]

"Somali single mum (bet she's a terrorist too!) living in £40M palace on benefits whilst laughing at all you whitey tax-payers" headlines.

Well you would if you were in that situation, wouldn't you?

[DimPrawn]

Tell us what the Daily Mail says these multitudes of signals we are missing are so we can critique them.

Daily Mail is back to

"Somali single mum (bet she's a terrorist too!) living in £40M palace on benefits whilst laughing at all you whitey tax-payers" headlines.

[ASB]

No one is talking about a crash anymore. All the diehards on www.housepricecrash.co.uk have given up and bought a house. The media barely mentions the credit crunch or recession.

Everyones still piling into property, stocks, bonds, etc.

All the signals are the crash will come when no one expects it.

Hmm, that is probably a very worrying development....

[oracleslave]

All the signals are the crash will come when no one expects it.

Tell us what the Daily Mail says these multitudes of signals we are missing are so we can critique them.