do i draw my money out now

[merlin50]

not got a lot in there but may need it in a few weeks

 

[enyam]

Spend it before inflation eats into it.

 

[Norcon]

Voting on either in that poll is pointless as the answer could be the same in either question.

 

[JohnD]

consider what you are going to do with it if you draw it out. The risks are probably higher than if you leave it in.

For example:

Over the last 50 years, how many depositors have lost their savings when a major clearing bank went bust?

Over the last 50 years, how many householders have lost their cash savings in a fire or burglary?

 

[Richard C]

If it's under £50k, it's backed by a government guarantee & nothing major is going to happen in just a few weeks.

 

[enyam]

If it's under £50k, it's backed by a government guarantee & nothing major is going to happen in just a few weeks.

100k if you have a joint account.

 

[holmslaw]

Its now £85k and £170k for a joint account.

 

[ellal]

If it's under £50k, it's backed by a government guarantee & nothing major is going to happen in just a few weeks.

Only to the extent that 'I promise to pay the bearer on demand the sum of...' means exchanging one bit of worthless paper for another...

 

[PrenticeBoyofDerry]

If it's either £50k or £100k or £85k or £170k , withdraw it and give it to me to look after for you

 

[joe-90]

A government that defaults on its loans guarantees nothing. If it defaults on its overseas loans why do you think it will look after you? Where will the money come from to 'guarantee' everyone's savings? Get real folks - this is the perfect financial storm - worse that then 1930s. The whole world economy will almost certainly crash in the next 5 years.

 

[holmslaw]

A government that defaults on its loans guarantees nothing. If it defaults on its overseas loans why do you think it will look after you? Where will the money come from to 'guarantee' everyone's savings? Get real folks - this is the perfect financial storm - worse that then 1930s. The whole world economy will almost certainly crash in the next 5 years.

I hope you don't know what you're talking about.

 

[joe-90]

I hope I don't too. I'm hoping someone can come along and show me I'm talking bolox. However, all the evidence points at me being right.

 

[Susiejb]

I hope I don't too. I'm hoping someone can come along and show me I'm talking bolox. However, all the evidence points at me being right.

You may well be right Joe.....but I think that we really just don't want to believe for a moment that you could be .... something inside us always says 'that will never happen here'

 

[matt1e]

I remember seeing this a few yrs ago if you can put up with its cheap cartoon like animation some may find it interesting, it's long though

And here is the sequel that I haven't even seen myself (longer still)

Matt

 

[Susiejb]

I remember seeing this a few yrs ago if you can put up with its cheap cartoon like animation some may find it interesting, it's long though

I watched the first one Matt and yes it is interesting, it is a bit long, but well explained, and there are some excellent quotes thrown in there, some of which are quite chilling.