Oh god jazper, that made me choke on my coffee, I could say something.....but I really do need to get my a*** into gear and go and collect bf from Taunton railway station soon.....but I will keep that idea in mind tonight...........
Is it time to empty Euro bank accounts?
- Thread starter Kudoscycles
- Start date
trex....It's the very rich who seem to have ways of avoiding paying their fair dues.
At present my total company tax bill is 4 times my take home pay,its a lot of work and responsibility to earn about 50% of what a local council executive earns and no pension!
Successful SME's are really just tax collection devices now.
KudosDave
Importers such as kudos are not affected by the recession because they can take full advantage of sourcing from where there is lowest production cost.
Whose fault is it that we cannot make simple e-bikes? Maggie? Brown? or both?
Kudosdave chancellor would have removed the minimum wage. That's not going to work because the goverment will have to top up low income. It's cheaper not to tax the poor.
We should also stop deluding ourselves that we are rich or live in a rich country because our fortune is heading in the wrong direction. There is mass unemployment out there and it's not going to be cheap or easy to fix.
Apparently we should all be buying gold again.....well according to Today (Radio 4 this morning...) that is.
So I'm just going to empty my piggy bank and trot down Southend High Street in search of some bling (won't be difficult.....)
Hatti
So I'm just going to empty my piggy bank and trot down Southend High Street in search of some bling (won't be difficult.....)
Hatti
Any information released to the masses ... is just before the price slumps, says me who seized the opportunity of a life time and brought mirror group.. just before, well you know the rest
My version of this lesson has always been; do the opposite of everyone else. That can pay, only the minority get rich.Any information released to the masses ... is just before the price slumps, says me who seized the opportunity of a life time and brought mirror group.. just before, well you know the rest
Don't know whether Argos do bullion, Flecc - nor how much I could carry in one go (could put a few bars on the rear rack of my Sirocco I s'pose). I'll have a look.
Actually I am astounded at how much bling there is around. Despite the recession being very evident in Southend High Street (like many others I'm sure) there are numerous Ratner type outlets here and they seem to be doing well. I guess a bit of glitter cheers people up. Hmmm....
The Euro situation is extremely worrying though. Not sure where we'll all be with this in six months from now, but with such strong participation from forum members on all this I think we could beat the current government any day.....
Hatti
Actually I am astounded at how much bling there is around. Despite the recession being very evident in Southend High Street (like many others I'm sure) there are numerous Ratner type outlets here and they seem to be doing well. I guess a bit of glitter cheers people up. Hmmm....
The Euro situation is extremely worrying though. Not sure where we'll all be with this in six months from now, but with such strong participation from forum members on all this I think we could beat the current government any day.....
Hatti
flecc...I don't think I could stand the politics of government,it must be so frustrating not to be able to just get on with your ideas without someone saying 'you can't do that because.....'
But just to say I am not against the minimum wage,all my guys are way higher than that level,most have worked for me for 15 years plus so they can't be that unhappy....I would not have removed the minimum wage.
KudosDave
That wasn't my post you were answering Dave, it was one from trex. I'm not extinct yet!
Back on subject,looks like 'THE GREAT PLANE ROBBERY'....now how do you set the signals on red!
A regular RAF flight from Britain to Cyprus took off this afternoon carrying 1 million euros.
Officials said the money, worth £860,000, will be available for emergency loans for Service personnel who find themselves unable to access cash in Cyprus.
Ministry of Defence officials are also working on plans to allow British personnel in Cyprus to have their monthly salary paid into non-Cypriot bank accounts next month.
I have read elsewhere that if the bailout is not agreed 2 of Cyprus's biggest banks will go bust immediately. But if the bailout is agreed then Russia will pull out the previously agreed loan of euro 2.5 billion and recompense its nationals from that pot. Looks like heads you lose and tails you lose.
If those banks fail there must be a knock on effect,especially in Greece and Italy,these Cyprus banks had big bondholdings in Greece and Italy.
Governments don't put cash in an aircraft unless they fear the worst.
I know Catholics must look on the Pope's event as the story of the day,but this is potentially a massive problem-the Cyprus banking business was huge relative to the size of the island,it must be interlinked with many other European banks.
KudosDave
A regular RAF flight from Britain to Cyprus took off this afternoon carrying 1 million euros.
Officials said the money, worth £860,000, will be available for emergency loans for Service personnel who find themselves unable to access cash in Cyprus.
Ministry of Defence officials are also working on plans to allow British personnel in Cyprus to have their monthly salary paid into non-Cypriot bank accounts next month.
I have read elsewhere that if the bailout is not agreed 2 of Cyprus's biggest banks will go bust immediately. But if the bailout is agreed then Russia will pull out the previously agreed loan of euro 2.5 billion and recompense its nationals from that pot. Looks like heads you lose and tails you lose.
If those banks fail there must be a knock on effect,especially in Greece and Italy,these Cyprus banks had big bondholdings in Greece and Italy.
Governments don't put cash in an aircraft unless they fear the worst.
I know Catholics must look on the Pope's event as the story of the day,but this is potentially a massive problem-the Cyprus banking business was huge relative to the size of the island,it must be interlinked with many other European banks.
KudosDave
It certainly must be, Cyprus has been a home for investments from many quarters in recent years, in exactly the same way that Iceland was. And it's the same problem, greed leading to using high interest rates to attract huge inflows of cash from overseas to well beyond the capacity of the country to back up the promises in all economic conditions.
I think Cyprus should be treated in the same way that Iceland was treated, i.e. you got yourself into this mess, now you clear it up, you're on your own.
There is also another side to that coin. Greedy investors who hide or moved their money from collapsing share prices during 2008 crisis which possibly added to the global meltdown I have no sympathy for those investors getting stung in a stupid belief that Cyprus banks could some how buck the trend
I agree, in the same way I had no sympathy with those who invested in Iceland, attracted by interest rates 2 to 3% above market. Both the investor and the investee should suffer the inevitable consequences of such mutual irresponsibility.
On a lighter note -
I would like to nominate myself as - Minister of Harm Reduction Recreational Pursuits.
I would like to nominate myself as - Minister of Harm Reduction Recreational Pursuits.
They saying that if you have 100,000 euros in the Cyprus bank the deposit is safe, is it the case if you have more than that you are taxed on the amount above that amount, ie, if you have 100,1000 you are taxed on just the 1000 euros or do you get taxed on the whole of 100,1000.
Thanks.
Thanks.
Reading more about this Cyprus situation I think some flexibility may make the depositor take more fair. I read about a lady who sold her house recently and put the money on deposit to buy another house,just at the time this crisis unfolded,to take a 30 pc hit on her monies for a few days in the bank seems very unfair.
However,some depositors have had money there for some years,getting 5pc tax free interest whereas most of us are lucky to get any interest on our savings-maybe,they should take all the interest off these foreign investors,whatever their nationality-Brits,Russians,Cypriots. There seems a morality and acceptance of losing some monies which were based upon dodgy lending in the first place and even the depositor may find it palatable.
KudosDave
However,some depositors have had money there for some years,getting 5pc tax free interest whereas most of us are lucky to get any interest on our savings-maybe,they should take all the interest off these foreign investors,whatever their nationality-Brits,Russians,Cypriots. There seems a morality and acceptance of losing some monies which were based upon dodgy lending in the first place and even the depositor may find it palatable.
KudosDave
I read somewhere that our goverment has sent some specialists over to advise the Cypriot central bank how to re-organise their banks, probably along the same line as with Greek banks, savers and cash depositors won't be hit hard, bond holders will. It's not that the situation is new, Greek & Cypriot banks fail Basel III tests since last year. Instead of doing something about this, they bury their head in the sand and expect their neighbours to come to the rescue. I blame the Cypriot politicians to play chickens with the Eurocrats.
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