Merry Christmas Politics Board Participants

[Wales-Bales]

I would only panic if you predicted an era of unsurpassed world peace!

That will come during Trump's 3rd & 4th term

[cyril evans awaydays]

That will come during Trump's 3rd & 4th term

You might be confusing term with grade!

[the other bob wilson]

In other news, nobody was held to account in the Chilcot Iraq Inquiry, and the Independent Inquiry into Child Sexual Abuse is following a similar pattern, but do carry on going with what's known if it makes you feel better.

So, what you're claiming is speculation then isn't it - albeit varying degrees of speculation.

[Organ Morgan.]

No gloom and doom? Are you OK, OM?

Funnily enough, it was you I thought of first the other day when I happened upon some top notch potential doom. "I wonder whether Blue Genie has been there?" I pondered. There is La Palma, one of the Canary Islands and widely touted as the world's most dangerous holiday destination because of its many volcanoes. What piqued my interest was reading that should one or more erupt it would cause a tsunami that would batter western Britain. Naturally, I hot-footed it straight to B and Q to collect a few sandbags as a precautionary measure.

[Organ Morgan.]

I would only panic if you predicted an era of unsurpassed world peace!

I've deliberately swerved posting forecasts re financial collapse these past several months. My top tip to hedge risk was to keep an absolute minimum to cover bills in bank accounts. The current system won't implode unless those who operate it want it to pop.

[lardy]

I've deliberately swerved posting forecasts re financial collapse these past several months. My top tip to hedge risk was to keep an absolute minimum to cover bills in bank accounts. The current system won't implode unless those who operate it want it to pop.

Where do you keep your money, if not in the banks?

[Organ Morgan.]

Couple of safes. One's underfloor, the other's bolted to the floor. Both were Which's top pick in their respective category. The latter is a Burton Torino 2K, the other one I'll need a torch to tell you the name of as I've forgotten but will have a gander if you're interested. They are reassuringly heavy and well built.

[life on mars]

Where do you keep your money, if not in the banks?

Offshore

[Heathblue]

It's about time all this Xmas nicey nice posting abated and the posters get back to normal. Let the slagging off commence.

[lardy]

Couple of safes. One's underfloor, the other's bolted to the floor. Both were Which's top pick in their respective category. The latter is a Burton Torino 2K, the other one I'll need a torch to tell you the name of as I've forgotten but will have a gander if you're interested. They are reassuringly heavy and well built.

Happy to let inflation eat it all away?

[life on mars]

It's about time all this Xmas nicey nice posting abated and the posters get back to normal. Let the slagging off commence.

Oh it hasn't stopped for some its hidden in mild sarcasm others are feeling very deflated by the election result.

God help us if Trump wins a second term.

😉

[Organ Morgan.]

Happy to let inflation eat it all away?

Like it wouldn't be eaten away sat in a bank's savings account attracting 0.1% interest per annum? Negative real interest rates are a tax on savings. That's been the case for 10 years straight... and why? Two reasons: a docile population and politicians who are under the thumb of bankers who are pissing themselves laughing. Citizens the world over always get more of what they are prepared to tolerate. That's why here in Blighty the base rate will go from the current 0.75% to 0.00% and perhaps into negative territory.

[lardy]

Like it wouldn't be eaten away sat in a bank's savings account attracting 0.1% interest per annum? Negative real interest rates are a tax on savings. That's been the case for 10 years straight... and why? Two reasons: a docile population and politicians who are under the thumb of bankers who are pissing themselves laughing. Citizens the world over always get more of what they are prepared to tolerate. That's why here in Blighty the base rate will go from the current 0.75% to 0.00% and perhaps into negative territory.

Then you don't keep all your money in a 0.1% account.

But you are being clever. Each pound will buy you less each year. But despite that, you're teaching those bankers a lesson they won't forget. Well done.

[Organ Morgan.]

The interest rate is a side issue for me because I don't and have never collected interest (I'm against usury on principle). The primary reason is that you, I and everyone else's dough in any type of bank account belongs to them; we become unsecured creditors. Sure, they'll hand it back on demand. That's until they cannot or will not. It's why bail-in laws are on the books here, throughout the EU, the USA and quite recently Australia joined them. The idea is should banks blow-up again 2008-style it won't be governments that will bail them out but their depositors and shareholders who will become bag carriers.

[Organ Morgan.]

Then you don't keep all your money in a 0.1% account.

But you are being clever. Each pound will buy you less each year. But despite that, you're teaching those bankers a lesson they won't forget. Well done.

Out of idle curiosity, what savings account or fixed term bond is it that you can't resist risking getting a return on?

[lardy]

The interest rate is a side issue for me because I don't and have never collected interest (I'm against usury on principle). The primary reason is that you, I and everyone else's dough in any type of bank account belongs to them; we become unsecured creditors. Sure, they'll hand it back on demand. That's until they cannot or will not. It's why bail-in laws are on the books here, throughout the EU, the USA and quite recently Australia joined them. The idea is should banks blow-up again 2008-style it won't be governments that will bail them out but their depositors and shareholders who will become bag carriers.

You brought interest into the conversation.

You need to weigh up the chance of that happening against the absolute certainty that your cash at home is definitely dropping in value and will always drop in value.

Thanks for the financial advice. Although I will think twice about following someone who has never collected interest. You've done well to be able to afford to buy a device that accesses the internet with your strategy.

[lardy]

Out of idle curiosity, what savings account or fixed term bond is it that you can't resist risking getting a return on?

This question doesn't make sense to me. Apologies.

[Organ Morgan.]

Here's the best rates currently available for what I was on about: https://www.money.co.uk/savings-acco...SAAEgI0ufD_BwE

I'm sorry that my query in simple English proved so confusing.

[Wales-Bales]

It's about time all this Xmas nicey nice posting abated and the posters get back to normal. Let the slagging off commence.

I got this for Xmas, and it's a good read if you don't mind listening to lefty liberal types, but he nails the fake news media who disinform many of the confused posters on here. You may even know the author if you read Rolling Stone magazine.

[lardy]

Here's the best rates currently available for what I was on about: https://www.money.co.uk/savings-acco...SAAEgI0ufD_BwE

I'm sorry that my query in simple English proved so confusing.

Oh, you asked which are the best accounts. The muddle of gerunds made it difficult to understand. I'm afraid I'm no expert, but that website is probably a good place to start if you're dipping your toe.

[life on mars]

I got this for Xmas, and it's a good read if you don't mind listening to lefty liberal types, but he nails the fake news media who disinform many of the confused posters on here. You may even know the author if you read Rolling Stone magazine.

Good listen as well
https://youtu.be/S5TPAv3C1e0

https://youtu.be/k4CohXkdR0w