I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?
http://www.reuters.com/article/2013/...92G03I20130317

On Mar 18, 2:34*pm, harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?http://www.reuters.com/article/2013/...liament-idUSBR...

With QE they will not need to once the inflation kicks in.

MBQ

harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?http://www.reuters.com/article/2013/...liament-idUSBR...

Ooo, I'd love 10% of my overdraft and mortgage to disappear.

JGH

On Mar 18, 2:52*pm, "Man at B&Q" wrote:
On Mar 18, 2:34*pm, harry wrote:

I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?http://www.reuters.com/article/2013/...liament-idUSBR...

With QE they will not need to once the inflation kicks in.

MBQ

Hmm. Yes.

Is this not called theft?

Mind you one wonders if its merely to disguise that the banks have already
lost the 10 percent so its no good everyone wanting it in the first place.
The trouble is everyone will now rush the banks and take out their dosh and
scathe it under the bed, but if you are near the end there will not be
enough dosh to go around in any case. sound familiar? Was not Mr Osbourne
going to 'give' us all shares in the rescued banks, When I hear a politician
say give, I look for small print.
Brian

--
From the Sofa of Brian Gaff Reply address is active
"harry" wrote in message
...
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?
http://www.reuters.com/article/2013/...92G03I20130317

I thought quantitive easy was just devaluation of the currency in any case.
Brian

--
From the Sofa of Brian Gaff Reply address is active
"Man at B&Q" wrote in message
...
On Mar 18, 2:34 pm, harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank
account?http://www.reuters.com/article/2013/...liament-idUSBR...

With QE they will not need to once the inflation kicks in.

MBQ

Toxic loans, no thanks don't want those.
Brian

--
From the Sofa of Brian Gaff Reply address is active
"jgharston" wrote in message
...
harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank
account?http://www.reuters.com/article/2013/...liament-idUSBR...

Ooo, I'd love 10% of my overdraft and mortgage to disappear.

JGH

On Monday 18 March 2013 14:34 harry wrote in uk.d-i-y:

I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?
http://www.reuters.com/article/2013/...us-parliament-
idUSBRE92G03I20130317

That should help destroy any remaining confidence in the banks.

Dealers of gold, platinum and palladium will be happy though as people
transfer accounts to the Bank of Mattress.

Now the question is:

1) Will there be a run on the banks in Cyprus;

2) and other countries (Portugal, Spain, Italy, Greece);

3) Will UKIP's membership increase (it's going up by one for sure);

4) When will everyone say "The Euro - nice idea, complete f***ing disaster,
let's scrap it?

--
Tim Watts Personal Blog: http://squiddy.blog.dionic.net/

http://www.sensorly.com/ Crowd mapping of 2G/3G/4G mobile signal coverage

Reading this on the web? See:
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On Monday 18 March 2013 15:16 Jethro_uk wrote in uk.d-i-y:

On Mon, 18 Mar 2013 15:13:37 +0000, Brian Gaff wrote:

Is this not called theft?

Mind you one wonders if its merely to disguise that the banks have
already lost the 10 percent so its no good everyone wanting it in the
first place.
The trouble is everyone will now rush the banks and take out their dosh
and
scathe it under the bed, but if you are near the end there will not be
enough dosh to go around in any case. sound familiar? Was not Mr
Osbourne going to 'give' us all shares in the rescued banks, When I hear
a politician say give, I look for small print.
Brian

Everyone runs out, stashes it under the bed, and is then surprised when
HMG make old style notes invalid, and impose a 90% exchange rate for the
new ones.

If you're using money, you're at the mercy of the people who print it.

Why do you think they would stash it in worthless paper format?

Even ordinary people like me are actually wondering if hiding a few precious
metal coins around the place might not be a damn good idea.

Gold might be a bit dodgey as the price is rather bullish of late, but
there's platinum and palladium.

The main problem is the conversion hit you take as far as I can see, but if
you need long term investment, it might not be a bad idea at all.

And yes, I'd want the metal in my possession, not a vault in Hong Kong.

--
Tim Watts Personal Blog: http://squiddy.blog.dionic.net/

http://www.sensorly.com/ Crowd mapping of 2G/3G/4G mobile signal coverage

Reading this on the web? See:
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On Monday, March 18, 2013 3:41:53 PM UTC, Tim Watts wrote:



That should help destroy any remaining confidence in the banks.
Dealers of gold, platinum and palladium will be happy though as people

transfer accounts to the Bank of Mattress.

Now the question is:



1) Will there be a run on the banks in Cyprus;



A run on the banks in terms of ordinary people wanting cash is one thing.

But what is to stop the rich Russians etc. that they are really targeting from moving their money to other banks ?
I suppose a lot of it may be in limited access deposits, but if the government orders the banks to freeze the assets that would be a whole other thing.

Simon.

On 18/03/2013 15:49, sm_jamieson wrote:
On Monday, March 18, 2013 3:41:53 PM UTC, Tim Watts wrote:



That should help destroy any remaining confidence in the banks.
Dealers of gold, platinum and palladium will be happy though as people

transfer accounts to the Bank of Mattress.

Now the question is:



1) Will there be a run on the banks in Cyprus;



A run on the banks in terms of ordinary people wanting cash is one thing.

But what is to stop the rich Russians etc. that they are really targeting from moving their money to other banks ?
I suppose a lot of it may be in limited access deposits, but if the government orders the banks to freeze the assets that would be a whole other thing.

Simon.



It is always the thrifty who suffer. governments pay lip service to
getting peeps to save. Then they take care that savers loose out. If
inflation is higher than interest rates, it is. this government is
subsidising banks ( so that they can pay bonuses?) out of taxpayers
money. This had depressed interest rates below their real %, so savers
loose. Yet still we vote according to a politicians party. The fact
that, for example, Stoke on Trent Council are running the city to the
ground yet still the population vote Labour. In a democracy you get the
government you deserve.

On Mar 18, 3:16*pm, Jethro_uk wrote:
On Mon, 18 Mar 2013 15:13:37 +0000, Brian Gaff wrote:
Is this not called theft?

Mind you one wonders if its merely to disguise that the banks have
already lost the 10 percent so its no good everyone wanting it in the
first place.
*The trouble is everyone will now rush the banks and take out their dosh
*and
scathe it under the bed, but if you are near the end there will not be
enough dosh to go around in any case. sound familiar? Was not Mr
Osbourne going to 'give' us all shares in the rescued banks, When I hear
a politician say give, I look for small print.
*Brian

Everyone runs out, stashes it under the bed, and is then surprised when
HMG make old style notes invalid, and impose a 90% exchange rate for the
new ones.

If you're using money, you're at the mercy of the people who print it.

Gold soveriegns it is hen!

On Monday 18 March 2013 15:48 Jethro_uk wrote in uk.d-i-y:

On Mon, 18 Mar 2013 15:45:46 +0000, Tim Watts wrote:

On Monday 18 March 2013 15:16 Jethro_uk wrote in uk.d-i-y:

On Mon, 18 Mar 2013 15:13:37 +0000, Brian Gaff wrote:

Is this not called theft?

Mind you one wonders if its merely to disguise that the banks have
already lost the 10 percent so its no good everyone wanting it in the
first place.
The trouble is everyone will now rush the banks and take out their
dosh and
scathe it under the bed, but if you are near the end there will not be
enough dosh to go around in any case. sound familiar? Was not Mr
Osbourne going to 'give' us all shares in the rescued banks, When I
hear a politician say give, I look for small print.
Brian

Everyone runs out, stashes it under the bed, and is then surprised when
HMG make old style notes invalid, and impose a 90% exchange rate for
the new ones.

If you're using money, you're at the mercy of the people who print it.

Why do you think they would stash it in worthless paper format?

Even ordinary people like me are actually wondering if hiding a few
precious metal coins around the place might not be a damn good idea.

Gold might be a bit dodgey as the price is rather bullish of late, but
there's platinum and palladium.

The main problem is the conversion hit you take as far as I can see, but
if you need long term investment, it might not be a bad idea at all.

And yes, I'd want the metal in my possession, not a vault in Hong Kong.

I imagine you'd also be unsurprised when burglaries with violence
skyrocket ?

Coins are *incredibly* easy to hide in a fashion that no-one, even if they
know what they were looking for, would be able to find them, short of
breaking the house and garden to tiny rubble and putting it through a sieve.

Even if they were in the house or on the property...

And the first rule of actually doing this is to tell no one at the time,
ever, except perhaps one other trusted party, which leaves the robbery with
violence as a bit of a hit or miss affair...

I'm fine right now, because I don't actually have any money kicking around.



--
Tim Watts Personal Blog: http://squiddy.blog.dionic.net/

http://www.sensorly.com/ Crowd mapping of 2G/3G/4G mobile signal coverage

Reading this on the web? See:
http://wiki.diyfaq.org.uk/index.php?title=Usenet

On Monday 18 March 2013 16:12 Jethro_uk wrote in uk.d-i-y:
I wonder what a persons life savings would look like in coins ?


Not that much, volume wise - given a kruggerrand is a little over £1000 -
and it's a fairly small coin.



--
Tim Watts Personal Blog: http://squiddy.blog.dionic.net/

http://www.sensorly.com/ Crowd mapping of 2G/3G/4G mobile signal coverage

Reading this on the web? See:
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In article ,
"Man at B&Q" writes:
On Mar 18, 2:34*pm, harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?http://www.reuters.com/article/2013/...liament-idUSBR...
With QE they will not need to once the inflation kicks in.

Doesn't even need inflation - the devaluation of the pound has
already grabbed much more than 10% out of everyone's bank account,
probably nearer 25-30% since 2006.

A big issue the Euro countries have is they can't devalue relative
to Germany. Grabbing 10% out of their accounts only solves part of
the problem, but it doesn't do the other part which is to reduce
the cost of their exports and potentially boost them, which would
happen if they could devalue their own currency. Without that, they
don't have much hope of ever recovering.

I can't see any way the Eurozone can work unless Germany takes
over the fiscal management of the whole zone, and Germany is willing
to fully support the less viable countries just like they were some
poor province of Germany.

--
Andrew Gabriel
[email address is not usable -- followup in the newsgroup]

On 18/03/2013 16:35, Tim Streater wrote:

"lose", not "loose"

Yeah, but everything else he said was right.

Andy

In article ,
Tim Watts writes:

Why do you think they would stash it in worthless paper format?

Even ordinary people like me are actually wondering if hiding a few precious
metal coins around the place might not be a damn good idea.

You mean, like the copper central heating pipes ;-)

--
Andrew Gabriel
[email address is not usable -- followup in the newsgroup]

In article ,
Huge wrote:

The LibLabCons are indistinguishable these days.

+1 They're all professional politicians, who live in the bubble which
is Westminster, which in turn in inside the big bubble which is London.

I was driving along our local roads today, jouncing about avoiding the
well-known potholes, and watching for the new ones, and I thought: how
many of those ****s at Westminster *actually* do this from day to day --
and how much less the likes of Miliband, Clegg or Cameron?


Returning to topic: I think that this Cyprus affair has been very badly
reported. Yesterday, my main source of news (the Beeb of course) never
even mentioned money laundering, or the fact that the Cypriots pay
little or no tax(es) -- the Beeb headlines yesterday were worthy of your
average tabloid. I want a Panorama programme that explains the EU
thinking to me!

And thoidly: I've often thought seriously about gold coins over the last
decade or so, but always baulk at the prospect of _another_ kind of
slimy **** taking his percentage when he sells it to me, and then
another percentage when he buys it back from me, when I'll need the cash.

John

jgharston wrote:
harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10%
out
of everyone's bank
account?http://www.reuters.com/article/2013/...liament-idUSBR...

Ooo, I'd love 10% of my overdraft and mortgage to disappear.

That was a pure class post. Well done mate.

It makes up for the fact that I now have to face the woman who I posted a
birthday card to last night/this morrning on the way home from the pub and I
put the wrong name on the card before shoving it through the letter box.

--
Adam

In message
,
Another John writes

And thoidly: I've often thought seriously about gold coins over the last
decade or so, but always baulk at the prospect of _another_ kind of
slimy **** taking his percentage when he sells it to me, and then
another percentage when he buys it back from me, when I'll need the cash.

My wife has two half sovereigns.

Part of the marriage goods:-)

--
Tim Lamb

On 18/03/2013 14:34, harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?
http://www.reuters.com/article/2013/...92G03I20130317

They can have ten percent of my overdraft whenever they like

SteveW

On 18/03/2013 18:22, Tim Lamb wrote:
In message
,
Another John writes

And thoidly: I've often thought seriously about gold coins over the last
decade or so, but always baulk at the prospect of _another_ kind of
slimy **** taking his percentage when he sells it to me, and then
another percentage when he buys it back from me, when I'll need the cash.

My wife has two half sovereigns.

Part of the marriage goods:-)

The only sovereigns I've ever had came in a packet of ten. So half a
sov. must be a docked one kept for later. :-)

(Having now not smoked for a number of years, simply typing that
disgusts me. :-( )

--
Rod

On Monday 18 March 2013 18:51 Jethro_uk wrote in uk.d-i-y:

On Mon, 18 Mar 2013 17:53:13 +0000, Another John wrote:

In article ,
Huge wrote:

The LibLabCons are indistinguishable these days.

+1 They're all professional politicians, who live in the bubble which
is Westminster, which in turn in inside the big bubble which is London.

I was driving along our local roads today, jouncing about avoiding the
well-known potholes, and watching for the new ones, and I thought: how
many of those ****s at Westminster *actually* do this from day to day --
and how much less the likes of Miliband, Clegg or Cameron?


Returning to topic: I think that this Cyprus affair has been very badly
reported. Yesterday, my main source of news (the Beeb of course) never
even mentioned money laundering, or the fact that the Cypriots pay
little or no tax(es) -- the Beeb headlines yesterday were worthy of your
average tabloid. I want a Panorama programme that explains the EU
thinking to me!

And thoidly: I've often thought seriously about gold coins over the last
decade or so, but always baulk at the prospect of _another_ kind of
slimy **** taking his percentage when he sells it to me, and then
another percentage when he buys it back from me, when I'll need the
cash.

John

Aren't there laws about how much gold you can buy ?

Maybe - but I do not think it applies to other metals...

--
Tim Watts Personal Blog: http://squiddy.blog.dionic.net/

http://www.sensorly.com/ Crowd mapping of 2G/3G/4G mobile signal coverage

Reading this on the web? See:
http://wiki.diyfaq.org.uk/index.php?title=Usenet

On 18/03/2013 18:22, Tim Lamb wrote:
In message
,
Another John writes

And thoidly: I've often thought seriously about gold coins over the last
decade or so, but always baulk at the prospect of _another_ kind of
slimy **** taking his percentage when he sells it to me, and then
another percentage when he buys it back from me, when I'll need the cash.

My wife has two half sovereigns.

Part of the marriage goods:-)

I have two half sovereigns, dated 1912. They were given to two sisters,
who were friends of my mother, when their mother left to sail on the
Titanic.

Colin Bignell

On Monday, March 18, 2013 4:03:01 PM UTC, harry wrote:

Gold soveriegns it is hen!

There was an advert for sovereigns on the telly today, I wonder if that was a coincidence.

On Mon, 18 Mar 2013 18:51:28 GMT, Jethro_uk wrote:

Aren't there laws about how much gold you can buy ?

Not in the UK

Some of us have been hoarding it for quite a while for a time like this

A 1.5 inch cube of gold is around 30k's worth so quite portable. I was carrying
that much as cash a few weeks back, even as new bundles of fifties and stuffed
into a sealed envelope by my bank it was a bit obvious what was in my jacket
pocket.


--

On Mon, 18 Mar 2013 17:53:13 +0000, Another John wrote:

I was driving along our local roads today, jouncing about avoiding the
well-known potholes, and watching for the new ones, and I thought: how
many of those ****s at Westminster *actually* do this from day to day
-- and how much less the likes of Miliband, Clegg or Cameron?

The boy Miliband used the tube the other day, looks positively terrified:

http://news.bbcimg.co.uk/media/image...4_66412383.jpg

"Labour leader Ed Miliband takes the Tube back to Westminster after
meeting shoppers, market stall holders and restaurant owners in Brixton,
south London."

--
Cheers
Dave.

In article , Huge
writes

The LibLabCons are indistinguishable these days.

Yep. UKIP next time for me. Farage is a loony but entertaining, might
as well see if he can live up to his promises.

In the news this morning - govt to "help with the cost of childcare" to
the tune of 1200 quid. Why the **** should I as a childless taxpayer
contribute to that? If people can't afford children, they shouldn't
breed.

--
(\_/)
(='.'=)
(")_(")

In article , Jethro_uk
writes

Of course those children you object to subsidising might say in the
future "why should we pay for that old ****ers pensions ....."

Paying for my own pension, thanks, not relying on the state to provide
anything for me.

--
(\_/)
(='.'=)
(")_(")

"Man at B&Q" writes:

On Mar 18, 2:34=A0pm, harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?http://www.reuters.com/article/2013/03/17/us-c=
yprus-parliament-idUSBR...

With QE they will not need to once the inflation kicks in.

It has already. The pound was worth $2 not so long ago (about 2 years
IIRC) but is now worth $1.50. And, no doubt as a consequence, the
foreign owners of our utilities have increased their prices by around
2/1.5 or 33% over the same period. *They* don't intend to lose out.


--
Windmill, Use t m i l l
J.R.R. Tolkien:- @ O n e t e l . c o m
All that is gold does not glister / Not all who wander are lost

jgharston writes:

harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?http://www.reuters.com/article/2013/...liament-idUSBR...

Ooo, I'd love 10% of my overdraft and mortgage to disappear.

Naah, they'll just take 10% of our overdraft and mortgage payments.

--
Windmill, Use t m i l l
J.R.R. Tolkien:- @ O n e t e l . c o m
All that is gold does not glister / Not all who wander are lost

In article ,
Windmill wrote:
"Man at B&Q" writes:

On Mar 18, 2:34=A0pm, harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?http://www.reuters.com/article/2013/03/17/us-c=
yprus-parliament-idUSBR...

With QE they will not need to once the inflation kicks in.

It has already. The pound was worth $2 not so long ago (about 2 years
IIRC)

it was 2007 - we were on holiday there then. I've kept my spare dollars.
and of course, Harold Wilson devalued the pound to $2.40

--
From KT24

Using a RISC OS computer running v5.18

On 19/03/2013 09:35, Mike Tomlinson wrote:
In article , Huge
writes

The LibLabCons are indistinguishable these days.

Yep. UKIP next time for me. Farage is a loony but entertaining, might
as well see if he can live up to his promises.

In the news this morning - govt to "help with the cost of childcare" to
the tune of 1200 quid. Why the **** should I as a childless taxpayer
contribute to that? If people can't afford children, they shouldn't
breed.


You might need one of those young people to push your wheelchair. Over a
cliff if you're not careful
Toddlers and dogs are just so cute. I like to make a fuss of them but
I'm glad some other poor ******* has to look after them

On 18/03/13 18:51, Jethro_uk wrote:
On Mon, 18 Mar 2013 17:53:13 +0000, Another John wrote:

And thoidly: I've often thought seriously about gold coins over the last
decade or so, but always baulk at the prospect of _another_ kind of
slimy **** taking his percentage when he sells it to me, and then
another percentage when he buys it back from me, when I'll need the
cash.

John

Aren't there laws about how much gold you can buy ?


One of those rules that was torn up in the 1980's.


--
djc

In article , Tim
Streater writes

And therein the problem with this notion of a "state pension", paid for
out of current income.

When my Mom annoys me, I tell her I'm working to pay her pension, to
which she replies, "quite right too!" :-)

--
(\_/)
(='.'=)
(")_(")

In article , stuart noble
writes

You might need one of those young people to push your wheelchair. Over a
cliff if you're not careful

Nah, I'll book a ticket to Geneva and pay a visit to Dignitas.

--
(\_/)
(='.'=)
(")_(")

On 19/03/2013 14:26 Tim Streater wrote:

And therein the problem with this notion of a "state pension", paid for
out of current income.

Ponzi scheme?

--
F

On 18/03/2013 4:49 PM, Huge wrote:
On 2013-03-18, Tim wrote:
In ,
wrote:

On Mon, 18 Mar 2013 15:41:53 +0000, Tim Watts wrote:

3) Will UKIP's membership increase (it's going up by one for sure);

Hope so. (Not that I'm a UKIP supporter, but it makes a Tory victory less
likely )

If you want the Libs (who *love* the Euro) or Labour (who spent like
there was no tomorrow) to get in next time then feel free to vote UKIP.

The LibLabCons are indistinguishable these days.




All political parties are similar. None, have any real power and, all
are dependant upon banks. Sadly.



--
Learn why we are suffering..
www.zeitgeistthefilm.com/

On 19/03/13 11:46, Jethro_uk wrote:
On Tue, 19 Mar 2013 10:25:01 +0000, Mike Tomlinson wrote:

In article , Jethro_uk
writes

Of course those children you object to subsidising might say in the
future "why should we pay for that old ****ers pensions ....."

Paying for my own pension, thanks, not relying on the state to provide
anything for me.

With all due respect, the idea that any of us "pays our way" is a fiction.

speak for yourself.


--
Ineptocracy

(in-ep-toc-ra-cy) €“ a system of government where the least capable to
lead are elected by the least capable of producing, and where the
members of society least likely to sustain themselves or succeed, are
rewarded with goods and services paid for by the confiscated wealth of a
diminishing number of producers.

On Mar 19, 2:25*pm, Tim Streater wrote:
In article ,

(Windmill) wrote:
"Man at B&Q" writes:

On Mar 18, 2:34=A0pm, harry wrote:
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?http://www.reuters.com/article/2013/03/17/us-c=
yprus-parliament-idUSBR...

With QE they will not need to once the inflation kicks in.

It has already. The pound was worth $2 not so long ago (about 2 years
IIRC) but is now worth $1.50.

And during the 1980s, the pound dipped down to $1.05. So your point is
*what*, precisely?



These swings in the currency are DELIBERATELY engineered so that those
in the know can make a fortune at everyone else's expense.