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"The day the cash machines run dry"

 
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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 9815
Location: Newbury, Berkshire

PostPosted: Fri Nov 13, 2015 6:51 pm    Post subject: "The day the cash machines run dry" Reply with quote

Quote:
If this seems like an extreme scenario...

Then you must realise these are extreme times.

It's extreme when you pay 500,000 for a one bedroom flat...

It's extreme when people buy investments guaranteed to lose them money.

It's extreme when savers are asked to bailout banks... It's extreme when normal ways of making and saving money hard work and thrift are not rewarded. They're punished.

In extreme markets, you have to speculate to win. Extreme markets reward borrowing, leverage, and gambling. In fact, they demand it.


Moneyweek are concerned that the government and *ankers are preparing to take our money. They are predicting that the negative interest rates now appearing throughout Europe and in other places presage the confiscation of savings, as happened in Cyprus, to prop up the ailing banking system.

They are awaiting the soon to come day the cash machines run dry.
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johnhemming2



Joined: 30 Jun 2015
Posts: 1970

PostPosted: Fri Nov 13, 2015 7:20 pm    Post subject: Reply with quote

They (Moneyweek) are trying to sell something.
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clv101
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Joined: 24 Nov 2005
Posts: 7634

PostPosted: Fri Nov 13, 2015 9:40 pm    Post subject: Reply with quote

For the last decade I've been paying attention to such things Moneyweek have relentlessly been peddling economic doom - as a means to sell their mag.
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johnhemming2



Joined: 30 Jun 2015
Posts: 1970

PostPosted: Fri Nov 13, 2015 9:57 pm    Post subject: Reply with quote

Indeed. It clearly works for them. That does not mean anyone else should take any notice.
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emordnilap



Joined: 05 Sep 2007
Posts: 13972
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Mon Nov 16, 2015 11:52 am    Post subject: Re: "The day the cash machines run dry" Reply with quote

kenneal - lagger wrote:
Moneyweek are concerned that the government and *ankers are preparing to take our money. They are predicting that the negative interest rates now appearing throughout Europe and in other places presage the confiscation of savings, as happened in Cyprus, to prop up the ailing banking system.

They are awaiting the soon to come day the cash machines run dry.


Wha'? Their job, their self-appointed task, is to take our money. And 'preparing'?!! Moneyweek, please keep up.
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