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About Deos!

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  1. Here a few products that I pay attention to in both Asda, Tesco, Morrissons and Sainsbury: 1. Tins of tuna, especially the "value" ranges (in all supermarkets), are almost double from October, I was buying them from Asda for 29p or from tesco for 34p, now they are 50-55p 2. Pasta (spaghetti), the value range (again in all supermarkets), I was buying in October for 19p-25p per 500g (depending in what supermarket), now approaching 50p 3. Iceberg lettuce, in October 79p-89p, now £1.09 to £1.19 depending on the supermarket 4. Potatos, brocolli, salmon, prawns, peppers, apples - all up, especially the cheaper varietes. I now see that it makes more sense to buy the organic / finest ranges as there is not that much price difference between them and the value ranges anymore, the top-shelf products are not going up as quickly as the value ones. This will hit the poor though as they see more inflation than the rich. The other thing I realised is that prices of most goods fluctuatate a lot in all supermarkets, they change price all the time, up and down and up and down - I keep receipts when I do shopping, same goods are very often up on one, then down on the other receipt, than still different price on another. anyone suspects why prices fluctuate so much? Does it anything to do with government measuring inflation? Pay attention to this as sometime when a certain product is cheaper you can buy more of it for later, when it's expensive.
  2. Whatever company you choose, make sure you AVOID Foreign Currencies Direct (currencies.co.uk). They have the worst exchange rates (they would lie to you about rates before you actually want to make a deal), they will charge you a fee for a transfer, they will threaten you with court or report to SOCA if you question any of their hard-selling practicies. Just a warning from a customer that got lured. There are at least 5 other reputable companies (or more) so please do your research before giving your details to just anyone.
  3. Deos!

    New Uk Currency?

    Yes, the communists say the same thing, that only labour is of real value. But money should be the store of value, not the value itself. Gold fulfills this role very well as people cannot get robbed by inflation and deflation if the physical gold is the main currency. If you work hard 10 years and have accumulated 10 kilos of gold, this gold holds value of 10 years of your labour, no matter what happens to your skill in the future. Money should also not be a commodity like oil because value of commodities can go up and down depending on technologies, economy etc, the value of money should be always the same. Only gold is real money and natural money, all other currencies are just artificial, forced money that just have a few attributes of money. Why gold will not be governments' prefered money again? Because a) exchange of it for goods and services is very difficult to track, b ) it is difficult to know how much of it you have without actually searching your home, c) It cannot be printed from the thin air d) it is not debt to bankers. In one word, gold as currency would make many of today's biggest scams impossible and take lots of power away from world governments.
  4. There is no chance of any deflation, open your eyes and look at the facts rather than on what BBC and the government say! Here are the facts against any deflation, not the propaganda with very little support in any facts: 1. Pound's decline. Deflation will not happen, nor inflation would come back to 2% target without the UK currency stabilising. With pound sterling losing a quarter of its value to all foreign currencies exept for Zimbwabwe dollar and Icelandinc Krona within the last few months, all imported goods would now cost much more when valued in GBP. Unless pound regains some strength, prices will have to raise as most things most of us buy on every day basis are imported from other countries. Britain imports more goods than exports. 2. Money supply M4 sky high as usual. UK September M4 Money Supply grew at 12.4% in the 12 months to September - that's 12.4% more pounds in circulation than a year ago! Printing money or creating it from the thin air can only lead to inflation, no matter what the government propaganda says. 3. Prices of basic goods. Go to your supermarket and check how much are basic things from the lower shelves. I can see prices of some basic goods in supermarkets doubling within the last month - all "value" products from the lower shelves are now more expensive than a month ago - pasta, rice, canned fish, tomatos etc. (Tesco Value, Asda Smartprice etc) the only items falling in price are the top end ones and the unnecessaries, which a normal person would not waste money for in a recession anyway. 4. Interest rates very low, in fact lowest in decades, and prospect of further monetary easing, this would cause GBP further decline and even higher money supply. 5. Growing government borrowing, trade deficit, continued lavish spending and still high customer demand etc etc... We have now asset deflation but that does not influence consumer inflation that much, neither did the crazy asset inflation (HPI) in the last 5 years have any effect on consumer inflation which remained low. If you want, just hoard pounds, which are losing value by the day, but I am exchanging every paper I have for gold, silver and foreign currency.
  5. I assisted my wife today to take the rest of our savings out from her account in a local branch of Halifax (city centre) and while the lady was counting the twenties for us and before, when we were queuing, I was observing other people at other counters to see that ALL of them (at least 20 people) were taking their savings out in cash. Not like 50-100 pounds but the maximum amounts allowed per day (1200 GBP in HBOS) or to the value of their deposit, whichever greater. And there was a queue of at least 40 people in that bank. Not even one person that I saw had done any other transaction, everyone was drafting cash... Quite unusual and different to what I normally saw in that branch. Has the run on banks started? Brown's fear is justified, as you may already know, it is enough that only 3% people take out cash from banks (or rather 3% of cash held by all banks is taken out) and the whole system collapses (please read about how the banking system works if you were not aware of this). Is that the reason they want to nationalise all banks, are we close to that 3% by end of today?
  6. After the numerous emails and phonecalls to the Guernsey Financial Comission, the island's Chief, GuernseyFinance and other bodies there it seems that Guernsey Government is in complete denial and is not bothered about the situation, not acknowledging the problem and refusing to take any action as opposed to the UK and Iceland government. Ironically, they just sent deleation to China to advertise Guernsey as a secure place for depositors money... And of course, UK says that Guernsey is not their problem. For now it seems that we might be able to recover a little part of our deposits from the Landsbanki's assets, the problem is that most of those assets were held in the Landsbanki UK subsidiary, Heritable Bank - and were effectively frozen under the anti terror law by Gordon Brown. Therefore, we come to a funny situation where Guernsey savers money is frozen in the UK and we are left with paying the compensation to the Icesave depositors, while being refused any compensation ourselves! The Guernsey press has been helpful so far, I hope that information can be spread as most people I speak to are unaware that any Landsbanki savers are not going to be reimbursed... "Gordon Brown said that no savers would lose money, right?" I think the only hope for us is to put pressure on the Guernsey Government to do something, like try to sell the bank, get assistance from the UK or EU, or whatever - but to me any government action seems unlikely. And to all those who say that we did not want to pay tax etc... I don't know if you are aware, but expatriates are unable to open any bank account in the UK as we don't have a permanent UK address - it is therefore not our choice to open an account in a Guernsey bank, we just have no other option! And we are not rich yacht owners and champagne connesieurs, we are just normal people like you, working hard for their money, having families and putting some money away for those unexpected events, such as an operation (we are not covered by National Insurance) or child's education (we need to pay for schools)! Many (if not most) savers in Guernsey actually WERE paying tax on their interest, as it is automatically witheld from any interest.
  7. Just a few days ago you could read: "Landsbanki Guernsey is a wholly owned subsidiary of Landsbanki Íslands hf. (Landsbanki). Landsbanki is one of the largest quoted financial services providers in Iceland. Here are a few key facts you might want to know about us: We were founded in 1886 We are a large and diversified financial services provider active in retail and corporate banking, investment banking, capital markets services, asset and wealth management for private banking customers and deposit taking in over 17 countries including the UK, Ireland, USA, France, Holland, Luxembourg and Hong Kong We had total assets of €33.4 billion that included assets exceeding £5 billion in the UK and liquid assets of €8.9 billion (as at 31 December 2007) We made a stable pre-tax profit for 2007 of €520 million We have strong credit ratings from the leading international ratings agencies - Moody's and Fitch All of this means that when you save with Landsbanki Guernsey you can rest assure your savings are in a safe place. For further information visit our website www.landsbanki.co.gg" It went bust together with Icesave, but media keep ignoring the Guernsey branch. We most of our life savings there with my wife, £65,000, now we are desperate as we may not get anything back. We have opened a 1-year bond as Landsbanki Guernsey offered good interest rate and had one of the best ratings for the offshore banks. Where all this money went to? Someone surely has received it? What will happen to savers in Landsbanki Guernsey, why the UK government and media keep ignoring us... It is a day light roberry and yet no one to prosecure... As usual. It is unimaginable to think that the money that we have worked so hard all those years have been lost... We just had a baby doughter two weeks ago and our joy has turned into despair.... Any warm words to stop me from jumping out from my apartment's 8th floor balcony?
  8. Not many people want to come to the UK these days, wake up please! It is not 2004. People escape from here now wherever they can.
  9. "Several countries are now entering their second year of house price declines. Among the worst hit is Germany, where prices were falling at a rate of 4.4% last year and 2.5% this year." Time to buy in Germany? Or wait until they give out flats completely for free? Apartments there cost almost nothing, nice flats in Dresden or Berlin go for €20K-30K and in Leipzig you can get a whole block of flats for that... And still DROPPING? I think house prices have a LONG way to go in the UK.
  10. Similarily, if the market is not willing to sell at the lower price, no one would buy. You can pretend all you like, the price is the price people sell at AND buy at, not what you would like to think as a buyer it is worth. As per the flippers, it happens all the time, and especially now. Personally I have recently bought an apartment in a northern city on an auction for 90K and sold it for 102K two months later. And it happened this year not last year. I am sure there are many others who do that as well. There are plenty people with money, the problem is that they believe the prices will drop in the future, that's why they don't buy.
  11. I read the above argumentation from you guys all the time, but I just cannot carry on and have to point out that it is incorrect. If the repossessed house goes to an auction, it sells below its market value because people who buy at auctions have to complete the purchase within 21 or less days from the auction day! That means they either have 100% cash, or very good relations with their banks / the ability to take bridging loans and so on. Not everyone who could get a normal mortgage could buy a property on an auction as bank will simply not lend money to you if you want to buy a house on an auction, even though it would if you bought the property via an estate agent. That means that the auction property reaches only PART of the whole market, which in turn takes the price down as the competition is smaller. Also, the market price is not only what the market is willing to pay for something, it is also the price at which the market is willing to SELL it. And you can't say that the mortgagees in possession represent the whole market. If this was not true, we would not have flippers, who buy property on auction to pass it on with a 5%-10% profit the next month.
  12. You can't say it is the politicians or incompetent people creating this mess. These laws come from above our government, from the international institutions where people in power are not elected, such as FATF (Financial Action Task Force) or IATA (International Aviation Travel Association) - they make the regulations and laws, and since all countries in the world are members of those, our governments have to comply. Should a country refuse to be a member, it comes on a FATF or IATA black list as not cooperative the consequence is that all members are not allowed to permit it's banks / airlines to do business in those countries. So, you are free to do chose whatever colour you wish, as long as it is black.
  13. To listen to all the doomsayers is a huge risk of losing a lot, should their predictions fail to happen. I would suggest that you invest in some assets. An asset is something, that produces constant income. To give you an idea what I am talking about, here are a few examples of what is and isn't an asset: assets include: your skills, your knowledge, your enterpreneurship, a house that you are renting out, land that you use to produce food, your own business, shares in a business that is making money and pays it to you as dividends, hens that lay eggs for you or other lifestock... Do not confuse an asset with liability, liabilities include gold, silver, your own house in which you live, consumables, your car (if youre not not a taxi driver) and cash if not earning more interest than inflation takes away... Liabilities are things that cost you to have them. If you own gold, you have to pay for vaults to keep it in and pay in gold inflation (even if in small amounts, gold is still being digged from earth and the total tonnage of gold in the world grows by 0.5% - 1% a year.), gold does not earn you more gold. If you have a house and rent it out, after a number of years you can accumulate enough rent money to buy another house next door, so from one house you made two houses, doesn't matter how much they cost, whether lost or gained in pounds - you have doubled your wealth. If you keep a bar of gold (or a house that you don't rent out for that matter), it does not matter how much it goes up in value because it does produce any income which you could exchange for another piece of gold / another house. Even if it is worth centezilions of pounds, you still have only one bar of gold / one house. Now that you understand what is an asset, you need choose the best asset for you within your price range out of the many available. The key is the YIELD, or annual income as a percentage of the cost of the asset. The higher yield the better. So if you buy a few shares in a company that pays 1% of its price in dividend, you might wait long years before you could double your wealth, still it is an asset, but it is not a quick money earner. But if you invest £1000 in education, and that secures you a job that pay 10K more per year, you have multiplied your investment by the factor of 10 (minus your time that you have spent learning the new skill). The yield is the key. So look around and find things that pay you small amounts of money every month / year whatever the situation in the world might be. Don't look at things that may increase in value as it is nearly impossible to predict what will go up and what will go down in value in the future. So just look at the yield and stick to your stable income stream. But make sure your income and your asset's value has the potential to grow with inflation, and it has it ONLY if your asset CANNOT be produced by ANYONE on a massive scale for free or for a very low price (example: govermnent bonds pay constant income, so can be considered as assets, but bonds can be produced by the government virtually without any cost, so no matter how high the yield of the bond is, it is not a good asset to have). A house can be a good asset and multiply your wealth quite easily. It doesn't matter if there is a HPC or HPI - if you buy a house for 100K and that house earns you 1K in rent every month, that's a good investment, because after around 7-8 years you will be able to double your wealth in real terms and buy another house, plus rents tend to grow with inflation and earnings. I don't want to reccommend any specific things to put your money in, just look around and choose an asset that you feel comfortable with and as long as you follow the above principles you will likely make a very good investment. Good luck.
  14. I have found this in my inbox last night, I thought some you might be interested in supporting the new party. "Just eight short weeks ago, the Libertarian Party announced itself to the world with the launch of its website. With no fuss or fanfare, a new political force was born in Britain. Since then, and thanks purely to word of mouth and the occasional mention by the UK blogging community, support for the Party, and interest in our policies, has been growing steadily. This weekend marks a turning point for the Party. For the first time, our entire outline manifesto—a set of radical yet realistic proposals—is available for the public to see on our website. We have also issued our first formal press release, to alert the mainstream media of our proposal to abolish personal Income Tax. Further information on this particular policy can be found here. The publishing of our outline manifesto in the public domain now gives us all the opportunity to get out and start spreading the Libertarian message, with something tangible to point to. Let's get to work! So many people have put time and effort into getting us to where we are now..." http://www.lpuk.org/
  15. As for the euro money supply, the M3 broad measure of money supply which is an equivalent to UK M4 measure, slowed to an annual growth rate of 9.3 percent in July from 9.5 percent in June but was above the average of forecast of 9.1 percent of analysts polled by Reuters. The ECB sees M3 as an indicator of inflation pressures down the track, viewing growth of 4.5 percent as the point at which inflation pressures start to build. So still double than should be, but euros are being printed 4% slower than pounds.
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