Get all cash out of the bank

Long as he doesn't get his hands on my pebbles...:rolleyes:

Seems to be gold, solid gold then Christopher. Value running through it like Blackpool through a stick of rock.

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Originally Posted by dominion

Surely it's both? Government printed the money, but the banks gave it out to people who couldn't pay it back.

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Just a minute Dom. If I gave you a few million pounds and asked you to lend it out for interest, the first thing you'll do is find people who you know on probability will pay it back. When those types of people are no longer available, you'll go to the next batch. People less likely to pay their loans back and so on.

You'll do this because everything in the economy is booming, particularly house prices, and interest rates are low. So you give people the benefit of the doubt, after all if they fail to pay, you can always sell their home. Then somebody says to you, I'll give you a million pounds for that debt. So you pass on the debt.

After this you realise that the market rewards you for taking big risks, but after all it's not you that's taking the risk. You get the debt but pass it on as quickly as possible. Soon you become very rich.

There's something else to consider as well. I only found this out a few days ago. In America there are discrimination laws, that demand a certain number of mortgages go to people unlikely to pay them back. So companies by law had to include them as part of their business numbers or face being prosecuted. How perverse is that?

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Originally Posted by Guick Dotto

Seems to be gold, solid gold then Christopher. Value running through it like Blackpool through a stick of rock.

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Gold prices have risen $100 dollars an ounce in the last week. Seems to be a value to some, in these difficult times. As I said in an earlier post gold is king.

I would just like to say that i am seriously considering "bludgeoning" the chef at my place of work.

The price of toast has gone up 5p per slice due to this financial meltdown.

This won't happen today. It won't happen tomorrow. It WILL happen on Thursday. :eek:

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Originally Posted by Danbert

I would just like to say that i am seriously considering "bludgeoning" the chef at my place of work.

The price of toast has gone up 5p per slice due to this financial meltdown.

This won't happen today. It won't happen tomorrow. It WILL happen on Thursday. :eek:

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Could you buck the trend and take your own bread and jam in, use their toaster but then demand that you only pay them for the electricity used?;)

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Originally Posted by Danbert

I would just like to say that i am seriously considering "bludgeoning" the chef at my place of work.

The price of toast has gone up 5p per slice due to this financial meltdown.

This won't happen today. It won't happen tomorrow. It WILL happen on Thursday. :eek:

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Count yourself lucky Danbert. Our canteen was privitised a couple of years back and toast prices have sky rocketed. The current price is 30p per slice.

Privitised? Turned into a toilet?:confused:

CL is totally correct regarding the gold

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Originally Posted by Brummy John

Count yourself lucky Danbert. Our canteen was privitised a couple of years back and toast prices have sky rocketed. The current price is 30p per slice.

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Who buys toast:confused: