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# It's this kind of talk that gets me going.
The British (European ) financial situation has nothing to do with Gordon Brown as an individual ( he was the single most successful chancellor we have ever had ) But is a direct result of the 18 month knock on we get from the debt based monetarism system of the US, the US banks greed in the subprime market ( and subsequent devaluation of bonds ) coupled with hedge fund managers in the world markets taking every advantage of the situation to make huge quick profits with no consideration to the effect it would have on inflation.

But of course it's easier to 'blame the government'.
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Wed 1 Apr 2009, 15:25, archived)
# He didn't do himself any favours by talking about eliminating boom and bust.
Whilst riding a boom in assets such as houses.
I don't think it was mostly his fault, but it would have been nice for him or some of the system he created to regulate the banking industry to look a bit more closely at what was going on.
(I helped save b3ta! my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Apr 2009, 15:28, archived)
# If the government are happy to take credit* for the good times
They've got to be prepared to take responsibility for the bad times.


* no pun intended, much
(I helped save b3ta! Barbarossa is not my real name, Wed 1 Apr 2009, 15:35, archived)
# but it's unfair to apportion blame
to individuals when they had absolutely no control or responsibility for the people who started this. If you must blame a government ( rather than the private finance sector who are to blame ) then you have to look at the Bush administration rather than tilting at windmills and blaming people who could do nothing about it.
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Wed 1 Apr 2009, 15:41, archived)
# I agree
Also, it's equally unfair for individuals to take credit for the good times when they weren't directly responsible for those, either.
(I helped save b3ta! Barbarossa is not my real name, Wed 1 Apr 2009, 15:55, archived)
# It's the Chinese to blame
They lent money to the world to buy chinese goods on credit, then pulled the money back to collapse the markets, now they are slowly buying shares at knock-down prices. They are the worlds keenest gamblers!
(I helped save b3ta! CanonCaliber A big bore, Wed 1 Apr 2009, 15:41, archived)
# They have put the price of timber up by two thirds
and I can't get decent hardwood to save my life. the bastards.
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Wed 1 Apr 2009, 15:43, archived)
# Try these (I sometimes buy oak from them)
www.timbmet.com/


probably biggest hardwood dealers in the UK
(I helped save b3ta! CanonCaliber A big bore, Wed 1 Apr 2009, 16:04, archived)
# Presumably whenever a credit card application form lands on your door,
you sign up immediately and max it out?
Just because they're offering a loan doesn't mean we needed to take it
(I helped save b3ta! my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Apr 2009, 15:44, archived)
# You'd have to be mental to be living on credit right now.
You need to liquidise any assets you can and get it into savings. Savers will do well out of this.
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Wed 1 Apr 2009, 15:46, archived)
# Yeah, I'm doing fabulously with my 1-2% interest rates.
I'll be shopping around soon.
On the plus side, I'm saving for a deposit and house prices are coming down while my money goes up (slowly).
(I helped save b3ta! my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Apr 2009, 15:47, archived)
# Me and her have been discussing property.
There are two houses in our area that are at around 50% of their 2007 value and whilst we'll not see that kind of recovery I think that there will be a tidy profit in both of them.
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Wed 1 Apr 2009, 15:50, archived)
# Nothing personal, but I do hope there's not that kind of recovery.
It seems short sighted at best for people to have thought that steeply rising house prices were a good thing.
(I helped save b3ta! my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Apr 2009, 15:54, archived)
# Premium Bonds are your friend
(I helped save b3ta! Barbarossa is not my real name, Wed 1 Apr 2009, 15:53, archived)
# %1 plus an occasional prize?
I'll see what I can get elsewhere first. Most of it's living in an ISA anyway.
(I helped save b3ta! my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Apr 2009, 16:00, archived)
# If you've got the max amount you can have you get at least £50 every couple of months
(or at least you used to, it's years since I had any, actually)

..but at the time it was at least equivalent to having savings with a decent interest rate, with just a chance of getting really lucky...
(I helped save b3ta! Barbarossa is not my real name, Wed 1 Apr 2009, 16:02, archived)
# There's a handy calculator here.
www.moneysavingexpert.com/savings/premium-bonds-calculator/
I'll look into it, but with people being paranoid about banks, I think the odds are getting worse at the moment.
(I helped save b3ta! my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Apr 2009, 16:05, archived)
# Hmmm, not as good as I remember, actually.
(I helped save b3ta! Barbarossa is not my real name, Wed 1 Apr 2009, 16:09, archived)
# arrrg.
The only person making money from moneysavingsexpert is martin lewis. the twunt.
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Wed 1 Apr 2009, 16:09, archived)
# You can get 4% on a two year fixed term fixed rate bond
and should have no problem getting over 3% on 12 months bonds.

www.lovemoney.com/savings/term-bond-accounts.aspx
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Wed 1 Apr 2009, 16:06, archived)
# I wouldn't be surprised if rates were higher than that in a couple of years.
I'll probably look for a decent 1-year thing. Cheers for the link.
(I helped save b3ta! my other username is a porsche , posting shit pictures so you don't have to, Wed 1 Apr 2009, 16:09, archived)
# NP.
I agree that they will go up. It's just that with a fixed rate bond your profit is guaranteed. You can already find better rates but being index linked they are really risky right now.
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Wed 1 Apr 2009, 16:15, archived)