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comments . . .
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16 Mar 2009
kiki-dread | Global US and foreign banks based in the UK have migrated stocks and cash back to their local custodians, but the sub-prime investments / debts was the equivalent of burning money by our banks who invested in fixed income instruments (US assets) which are worth a small percentage of the price paid
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16 Mar 2009
Alexander Curzon | CASH UNDER THE BED?
ITS SIMPLY NOT WORTH KEEPING MONEY IN UK BANKS
NO INTEREST NO SECURITY ETC ETC.
THE PUNTERS WANT SAFE DEPOSIT HOLDERS NOT GORDYS
SPEND AND BURN POLICIES. . .
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16 Mar 2009
Jericoa | Hopefully the silent bank run will start to grow into a more noisy affair soon and with a moral voice behind it.
Time to start taking a stand.
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17 Mar 2009
kiki-dread | another problem factor is our government has followed the same
greed fixation to extort the maximum money as used in banking
e.g. disproportionate fines, additional late fees, notional court fees
councils primarily more concerned with money collection than services
councils making bad investments in sub-prime assets, pension funds
dumbing down of staff, automated processing, reliance on technology
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18 Mar 2009
Jericoa | kiki
That link in of banks and government behaviour both big and small is an astute observation. It all has the same creeping slowly just under the radar of action, stiffling, uncomfortable feel about it. We need to learn to be alive again.
I have quite afew ideas on that.
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18 Mar 2009
John Bray | Kiki
"Global US and foreign banks based in the UK have migrated stocks and cash back to their local custodian".
That I can understand and I can understand why they would. But doesn't it mean that the UK banks will have less money available to lend out?
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18 Mar 2009
kiki-dread | Jericoa, the powers that be have experience in subordinating local
interests to their general interests, (which is not devoted essentially to
the general interests of mankind). They never admit to anything when
challenged so you have to word your meanings correctly in order to
prevail not fail. Look at it as never ending battle between the have's and
the have not's. Sometimes the have's win and sometimes the have not's
prevail
John, thats their prerogative (US/foreign owners) bought uk banks and
call the shots, they also stopped lending billions each day, and sold
over-valued MBS securities to our fund managers which means our banks are now living in hock
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18 Mar 2009
Jambo | Step closer to moving money out of UK PLC.
Still opting for: NZ Gov Bonds and Large Cap companies with low debt and resource rights.
Anyone got other ideas for real safe havens? (If you keep your money under the bed it can be stolen with a printing press or the *tappity* of a num pad).
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18 Mar 2009
John Bray | Farmland may be worth thinking about. Then you'll still be able to feed yourself should the worst-case happen and money ceases to have any meaning. And a bit of woodland for winter fuel maybe?
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