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Drac

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About Drac

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  1. I'm a dual citizen. Not been back for a few years now. Was planning to return one day. But NZ looks a better option. See how this Asylum plays out here. It's nice to have a get out clause just in case. Being able to live in NZ as a PR has it's advantages as an Ozzy passport holder. The state pension is also quite generous..
  2. So everything is valued in Fiat. Fiat is losing value relative to everything valued in Fiat. How is everything valued in Fiat maintaining value when it's valuer is Fiat?
  3. While investors will receive annual interest of 0.75%, they paid above face value for the bond so the cash return will be less than they have lent if they hold the debt to maturity. It's not as negative as it seems...
  4. Scep. Do you mind if I share this post on another forum. Brilliantly put by the way. Welcome back.
  5. Using chrome on Android. I keep getting the pop up bottom below. I tap it five or six times. The bloody thing annoys the hell out of me..keeps popping back up after each tap on accept. Any tips on how to stop it...only happens this site. Important Information We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. I accept
  6. Mass redundancy of people on the horizon Gone from save the NHS to save the economy. That's my guess.. Gonna cost though. Those print cartridges ain't half expensive.
  7. Interesting reading.. https://www.commondreams.org/views/2020/04/03/was-fed-just-nationalized NO the Fed was not just Nationalized, the U.S. Treasury was just privatized? [T]he Treasury will create (or resuscitate) a series of special-purpose vehicles (SPVs) to buy all manner of financial assets, backed by $425 billion in collateral conveniently supplied by the US taxpayer via the Exchange Stabilization Fund. The Fed will lend to SPVs against this collateral which, when leveraged, could fund $4-5 trillion in asset purchase.
  8. Going to leave it in cash for now. So no fees. Wait and see how things pan out... Cheers for the heads up.
  9. Just opened a SIPP Account at Hargreaves Lansdown to draw (Circa £26k) it down at 55 and so on....Moved the lot across from my With Profits at the Pru. I'm losing money with the Pru whan taking management costs into consideration. The annual bonus have dropped off a cliff the last few years...With inflation its losing money. Be interesting to see what costs i incur? How long it all takes. Anyone else done this before?
  10. 99.9%. Don't think. 0.01% Think. But require the 99.9% to act. It's unfair. But life was never fair... Enjoy your blip. Its that short...
  11. There she goes. At what point does this become a crisis. 1.2 and below?
  12. They'll do nothing till they have to do something. What's in their defense box of tricks i wonder...
  13. QE is wealth preservation rather than wealth creation.
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