The war on cash financial martial law
Discussion
Could the Government really steal you cash ?
Quotes: What is financial martial law and how could it be imposed here in the UK?, What is financial repression?, The war on cash, Bank Recovery and Resolution Directive Etc.
I keep getting emails especially from Money Week regarding these doomsday scenarios what are you thoughts? If you have a little savings should we be worried ?
Quotes: What is financial martial law and how could it be imposed here in the UK?, What is financial repression?, The war on cash, Bank Recovery and Resolution Directive Etc.
I keep getting emails especially from Money Week regarding these doomsday scenarios what are you thoughts? If you have a little savings should we be worried ?
fishseller said:
Could the Government really steal you cash ?
Quotes: What is financial martial law and how could it be imposed here in the UK?, What is financial repression?, The war on cash, Bank Recovery and Resolution Directive Etc.
I keep getting emails especially from Money Week regarding these doomsday scenarios what are you thoughts? If you have a little savings should we be worried ?
No, ignore them. Quotes: What is financial martial law and how could it be imposed here in the UK?, What is financial repression?, The war on cash, Bank Recovery and Resolution Directive Etc.
I keep getting emails especially from Money Week regarding these doomsday scenarios what are you thoughts? If you have a little savings should we be worried ?
Not sure, I know Cyprus hit people hard and fast, they've only just come out of ECB protective custody. Which is a little like a Threshers manager asking Gazza to look after the shop whilst he pops out for two minutes.
I have a good friend, who was retiring out there and he had a good sized sum to move. I suggested he did so slowly, over time, but he looked at the rates and moved it in one go. He got stung by this a month or so later. The government moved to help servicemen and their families, but not expats (fair enough, I guess). Turkey, four or five years ago.. a similar thing. Try and move that back now and you're stuffed. Bank rates flatter to deceive and catch out the unwary.
Slightly off at a tangent, I have a new client just returned from Saudi. It looks like even KSA will now impose, effectively, a tax of 6% on expat earnings that are repatriated out of kingdom. If the US continues with its intent to hold Saudis liable for events such as 9/11, that could well rise. The end of the Saudi tax free gluttonous wage-gorge? We'll have those who don't plan, having to live out their days there.
I have a good friend, who was retiring out there and he had a good sized sum to move. I suggested he did so slowly, over time, but he looked at the rates and moved it in one go. He got stung by this a month or so later. The government moved to help servicemen and their families, but not expats (fair enough, I guess). Turkey, four or five years ago.. a similar thing. Try and move that back now and you're stuffed. Bank rates flatter to deceive and catch out the unwary.
Slightly off at a tangent, I have a new client just returned from Saudi. It looks like even KSA will now impose, effectively, a tax of 6% on expat earnings that are repatriated out of kingdom. If the US continues with its intent to hold Saudis liable for events such as 9/11, that could well rise. The end of the Saudi tax free gluttonous wage-gorge? We'll have those who don't plan, having to live out their days there.
Ozzie Osmond said:
fishseller said:
Could the Government really steal your cash ?
Of course not, taxation doesn't exist. Oh, wait a minute. 
Yes, they very much could. And since most people don't have any money it might be a very popular policy. Just keep an eye open for that nice Mr Corbyn.
M4 money is down, people are holding on to their cash. Mortgage approvals are down (Bank of England data this morning) too. People are either waiting for any downward shuffle in the lending rate or took lots of late summer holidays. Either way, I think it may go up again in the next month to reflect the announcement on Wednesday that Help to Buy is closing early, which in turn, might mean the tills won't be ringing so much at xmas if there's less disposable about as a result.
http://www.bankofengland.co.uk/statistics/document...
Me? I'm looking to buy somewhere, but I'm waiting.
http://www.bankofengland.co.uk/statistics/document...
Me? I'm looking to buy somewhere, but I'm waiting.
fishseller said:
Could the Government really steal you cash ?
Quotes: What is financial martial law and how could it be imposed here in the UK?, What is financial repression?, The war on cash, Bank Recovery and Resolution Directive Etc.
I keep getting emails especially from Money Week regarding these doomsday scenarios what are you thoughts? If you have a little savings should we be worried ?
MoneyWeek is trash. It's model is to scare old, right wing people into throwing their money into numerous 'schemes'. Quotes: What is financial martial law and how could it be imposed here in the UK?, What is financial repression?, The war on cash, Bank Recovery and Resolution Directive Etc.
I keep getting emails especially from Money Week regarding these doomsday scenarios what are you thoughts? If you have a little savings should we be worried ?
When MoneyWeek was originally founded in the UK it was a quality publication and it still trades off that memory which is how Merriin-Webb obtains so much air time on credible media.
MoneyWeek is owned by Agora, which is owned by Bill Bonner. He bought it in 2003 and turned it into one of his spanking machines.
http://m.motherjones.com/politics/2015/09/agora-hu...
Just Google Agora Lifestyles to get a very clear picture as to the game they are up to.
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