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Old 03-08-2008, 10:32 PM   #1
tribe_of_david
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Default Financial meltdown !!!

Hi Folks

Sorry if something like this has already been covered before. Not so long ago i was called into my bank for a yearly account overview from the banks financial advisor. During this meeting i asked her a hyperthetical question, Which went like, - Regardless of how many millions a customer was to have in their bank account, If the bank was to go bust then what would happen to the customers money ?? ...... Her reply was the bank Gaurantee's £25.000. So if a customer was to have 1 million pounds in the bank they would only get 25k back and nothing more.

Debt is a form of modern day slavery, I hear RBS the bank are due to announce the biggest loss by any british bank in history, Could this predicted finacial meltdown in the US and over her in the UK not be a way of trapping every single citizen in regards to having litterally no disposable income and therefor they would be reliant on the goverment for help. Everyone a prisoner .....
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Old 03-08-2008, 10:40 PM   #2
oceanwave
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Quote:
Originally Posted by tribe_of_david View Post
Hi Folks

Sorry if something like this has already been covered before. Not so long ago i was called into my bank for a yearly account overview from the banks financial advisor. During this meeting i asked her a hyperthetical question, Which went like, - Regardless of how many millions a customer was to have in their bank account, If the bank was to go bust then what would happen to the customers money ?? ...... Her reply was the bank Gaurantee's £25.000. So if a customer was to have 1 million pounds in the bank they would only get 25k back and nothing more.

Debt is a form of modern day slavery, I hear RBS the bank are due to announce the biggest loss by any british bank in history, Could this predicted finacial meltdown in the US and over her in the UK not be a way of trapping every single citizen in regards to having litterally no disposable income and therefor they would be reliant on the goverment for help. Everyone a prisoner .....
unless you were to "self sustain", perhaps?
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Old 03-08-2008, 10:48 PM   #3
tribe_of_david
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U mean live of the land ? .... similar to new age travellers or gypsies. would be a big culture shock to some ppl who r used to there creature comforts, but i do feel we are headed towards a society where by more and more ppl will be struggling litterally to even feed their familes let alone pay mortgages or essential bills, i mean yer miss a couple of months council tax and they hit u with a fine.
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Old 03-08-2008, 10:55 PM   #4
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Originally Posted by tribe_of_david View Post
U mean live of the land ? .... similar to new age travellers or gypsies. would be a big culture shock to some ppl who r used to there creature comforts, but i do feel we are headed towards a society where by more and more ppl will be struggling litterally to even feed their familes let alone pay mortgages or essential bills, i mean yer miss a couple of months council tax and they hit u with a fine.
if you start to 'self sustain' you would cut the costs, day by day...

as with everything, it ain't overnight

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