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"The day the cash machines run dry"
Posted: 13 Nov 2015, 17:51
by kenneal - lagger
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.
Posted: 13 Nov 2015, 18:20
by johnhemming2
They (Moneyweek) are trying to sell something.
Posted: 13 Nov 2015, 20:40
by clv101
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.
Posted: 13 Nov 2015, 20:57
by johnhemming2
Indeed. It clearly works for them. That does not mean anyone else should take any notice.
Re: "The day the cash machines run dry"
Posted: 16 Nov 2015, 10:52
by emordnilap
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.