Cash, what to do with it come negative interest rates?

[Pasty]

That’s probably true. They need spending to balance the books. They also need inflation to reduce their sovereign debts.

I resent the fact that instead of borrowing money on the never-never, I’ve been carefully saving for a rainy day and my retirement. This means I have to put more away to cover the losses from inflation and taxation.

Good luck.

 

[glasshouse]

That’s probably true. They need spending to balance the books. They also need inflation to reduce their sovereign debts.

I resent the fact that instead of borrowing money on the never-never, I’ve been carefully saving for a rainy day and my retirement. This means I have to put more away to cover the losses from inflation and taxation.

Big mistake

 

[Pasty]

That’s probably true. They need spending to balance the books. They also need inflation to reduce their sovereign debts.

I resent the fact that instead of borrowing money on the never-never, I’ve been carefully saving for a rainy day and my retirement. This means I have to put more away to cover the losses from inflation and taxation.

Inflation is taxation. Learn how 'money' works. They'll have the lot off you.

 

[Brisel]

Big mistake

Should I just blow the lot on Chinese plastic goods at Primark and go cap in hand to the state when I retire? They would probably be happy enough if I died of a heart attack at 75 or whatever the retirement age is then!

 

[GeorgeK]

Should I just blow the lot on Chinese plastic goods at Primark and go cap in hand to the state when I retire? They would probably be happy enough if I died of a heart attack at 75 or whatever the retirement age is then!

Don't worry you won't be alone, almost everyone is in for a shock. Especially landowners thinking they're safe sitting on a secure asset. Say hello to right to roam, business rates and inheritance tax?

 

[texas pete]

Good luck.

Big mistake

What should he be doing then?

 

[Brisel]

What should he be doing then?

Working, spending, paying tax whilst being prudent enough to invest some of my earnings. Or something like that?

In the meantime I’ll try and work to have some kind of control over my destiny, not relying on a politician to tell me what I should or shouldn’t do.

 

[glasshouse]

What should he be doing then?

The people who are making it are ball deep in assetts and debt.
Cash is just devaluing rapidly.
Assets are rocks and the waves are cash
The waves go in snd out, but the rocks seldom move.

 

[d williams]

Working, spending, paying tax whilst being prudent enough to invest some of my earnings. Or something like that?

In the meantime I’ll try and work to have some kind of control over my destiny, not relying on a politician to tell me what I should or shouldn’t do.

Trouble is the politicians are telling us what to do at the moment
And fuxking it right up

 

[Brisel]

Trouble is the politicians are telling us what to do at the moment
And fuxking it right up

I have no faith in the brand of politician either. All seem equally inept, self serving and unable to accept responsibility for failures.

 

[Renaultman]

As Baz said

Accept certain inalienable truths: prices will rise, politicians will philander, you too will get old-- and when you do, you’ll fantasize that when you were young prices were reasonable, politicians were noble and children respected their elders

 

[toquark]

Its difficult to know what to do, assets are usually a safe bet during turbulent times, but the fiscal abyss we're staring into now will be paid for by increases in tax (despite what Rishi's saying, he has no choice) and I wouldn't be quick to assume that land will remain free of many of its current tax-free perks.

 

[Tarw Coch]

Its difficult to know what to do, assets are usually a safe bet during turbulent times, but the fiscal abyss we're staring into now will be paid for by increases in tax (despite what Rishi's saying, he has no choice) and I wouldn't be quick to assume that land will remain free of many of its current tax-free perks.

One things for sure, they will only be able to get it off those who have got it

 

[Pasty]

Its difficult to know what to do, assets are usually a safe bet during turbulent times, but the fiscal abyss we're staring into now will be paid for by increases in tax (despite what Rishi's saying, he has no choice) and I wouldn't be quick to assume that land will remain free of many of its current tax-free perks.

I think the government in power have too many land owners to go down that route. A Labour govt. might though.

 

[farmerm]

I think the government in power have too many land owners to go down that route. A Labour govt. might though.

I wouldn't bet on it, seems little appetite to protect viable food production so doubt they are any more bothered about protecting land owners.

 

[jackrussell101]

How much of the government's debt does the Bank of England now own through its quantitative easing programmes over the last 10 years?

 

[farmerm]

How much of the government's debt does the Bank of England now own through its quantitative easing programmes over the last 10 years?

A fair bit would be the answer

 

[Brisel]

Oh well, at least we aren’t entirely owned by the Chinese and Russians...!

 

[Tha Ulsterscot]

View attachment 915680think I'll invest in a new mattress this ones giving me a bad back

Only because you have the pillow at the wrong end.

 

[Pasty]

How much of the government's debt does the Bank of England now own through its quantitative easing programmes over the last 10 years?

It doesn't really matter as it's never going to be repaid. It will be just re-set, hence the plandemic and they can get rid of cash and inject us with DNA altering vaccines at the same time. Next up are central bank 'crypto' currencies which will be fiat under a different name.