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Is your money safe in the Bank? (Read 994 times)
Grappler Truth Teller Feller
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Re: Is your money safe in the Bank?
Reply #15 - Jul 16th, 2017 at 3:32pm
 
Bobby. wrote on Jul 13th, 2017 at 7:10pm:
President Elect, The Mechanic wrote on Jul 13th, 2017 at 5:29pm:
our government guarantees our money in the bank... the big ones anyways..

so after they get given protection by the government (thats us) they then turn around and bend us over and shaft us...  Undecided



But even the Govt. is in $500 B of debt.


Easy - Joey and Tones lifted the debt ceiling, so if their mates in the banks or the equally guaranteed 'privatised' utilities etc 'businesses' go belly-up - the government will simply borrow more to pay them out while they run off with a few 'missing' billions... $50M for Alan Bond is a drop in the bucket these days.... won't buy you a flea-trap in Brussels these days.... let alone an estate complete with serfs... every lowest class peasant's dream that....

I can just imagine the parties his neighbours and the Queen invited him to on a regular basis..... along with the golf club and the private boxes at Ascot.... like hell they would...

I wonder if the loyal MI6 did a Lady Di on La Bliss and then Bondie???  A little heart arrestor in the morning tea never hurt nobody...
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Bobby.
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Re: Is your money safe in the Bank?
Reply #16 - Jul 16th, 2017 at 4:28pm
 
Grappler Truth Teller Feller wrote on Jul 16th, 2017 at 3:32pm:
Bobby. wrote on Jul 13th, 2017 at 7:10pm:
President Elect, The Mechanic wrote on Jul 13th, 2017 at 5:29pm:
our government guarantees our money in the bank... the big ones anyways..

so after they get given protection by the government (thats us) they then turn around and bend us over and shaft us...  Undecided



But even the Govt. is in $500 B of debt.


Easy - Joey and Tones lifted the debt ceiling, so if their mates in the banks or the equally guaranteed 'privatised' utilities etc 'businesses' go belly-up - the government will simply borrow more to pay them out while they run off with a few 'missing' billions... $50M for Alan Bond is a drop in the bucket these days.... won't buy you a flea-trap in Brussels these days.... let alone an estate complete with serfs... every lowest class peasant's dream that....

I can just imagine the parties his neighbours and the Queen invited him to on a regular basis..... along with the golf club and the private boxes at Ascot.... like hell they would...

I wonder if the loyal MI6 did a Lady Di on La Bliss and then Bondie???  A little heart arrestor in the morning tea never hurt nobody...



Easy - Joey and Tones lifted the debt ceiling, -


what is the new debt ceiling?

I bet we are heading towards 100% GDP within 5 to 10 years.
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Re: Is your money safe in the Bank?
Reply #17 - Jul 16th, 2017 at 4:31pm
 
President Elect, The Mechanic wrote on Jul 13th, 2017 at 5:29pm:
our government guarantees our money in the bank... the big ones anyways..

so after they get given protection by the government (thats us) they then turn around and bend us over and shaft us...  Undecided

There is a limit of $250,000.00 per person/entity.
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Bobby.
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Re: Is your money safe in the Bank?
Reply #18 - Jul 16th, 2017 at 4:57pm
 
Aussie wrote on Jul 16th, 2017 at 4:31pm:
President Elect, The Mechanic wrote on Jul 13th, 2017 at 5:29pm:
our government guarantees our money in the bank... the big ones anyways..

so after they get given protection by the government (thats us) they then turn around and bend us over and shaft us...  Undecided

There is a limit of $250,000.00 per person/entity.



I would assume the Govt. could just order the Reserve Bank to print money
even though it would cause hyper inflation?
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