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Everything posted by sunonmars

  1. looking that way unless the germans dont get it back, don't forget they asked the Fed to audit this gold some months ago, not sure they liked the answers from the Fed.
  2. suspect this is the first step for Germany to get out of the Euro. Pull out all your gold as possible from elsewhere. Then a new German mark backed by gold.
  3. http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9804444/Bundesbank-to-pull-gold-from-New-York-and-Paris-in-watershed-moment.html Interesting, this could heaps loads of crap onto the markets....do they not trust Obama and Bernanke. Bundesbank to pull gold from New York and Paris in watershed moment Germany’s Bundesbank is to repatriate gold reserves held abroad to tighten control and combat currency crises in the future, pulling a chunk of its holdings from New York and all its bullion from Paris. The move marks an extraodinary breakdown in trust between leading central banks and has set off ferment among gold enthusiasts, with some comparing it with France’s withdrawal of gold from the US under President Charles de Gaulle as the Bretton Woods currency system crumbled in the late 1960s. Handelsblatt said the Bundesbank will announce on Wednesday that it intends to relocate the gold to vaults in Frankfurt, said by insiders to include parts of the old archive library. Germany has 3,396 tons of gold worth roughly £115bn, the world’s second-largest holding after the US. Most of the reserves were stored abroad for safety during the Cold War. The bank holds an estimated 45pc of its gold at the US Federal Reserve in New York, and 11pc at the Banque de France, lower than originally thought. A report by Germany’s budget watchdog in October revealed that the bank halved its holding in London a decade ago, a period when the Bank of England was selling part of Britain’s gold at the bottom of the market to buy euros.
  4. or as they do now with those emails greeting cards that i could do without clogging up my inbox. However you are right, cards are on the decrease and technology advances and prices increase of raw materials or is it just sticking up the prices of cards to gouge while they can?
  5. I hate those self service tills, half time, they dont swipe right, won't read the code, the payment thing is buggered or goes on the blink, i like dealing with a human being who can answer why the till is ringing up the wrong price.
  6. democratic......yeah right, the mmbers get no choice where their union dues go, democratic as in they get forced or "persuaded" into voting whatever way the heavyweights make them. The unions are not that democratic.
  7. Its gonna be murder after Xmas and maybe some not even making it to Xmas. Who's likely to go down first.
  8. Not good news if someone like TC goes down. It does smell like a death spiral, probably screwed or it will be broken up and sold off. I hate charter flights, much better these days to go proper one price scheduled (easyjet and ryanair do not fall in this category) rather than pay all the extras they slap on you.
  9. well if anyone needs a good film set for a zombie apocalypse movie in ireland, there are quite a few ready to film in by the looks of it.
  10. He did say there were others it was a bit hard to tell amounts really because with large withdrawl requests, they would take you as far away as possible from the counters to quiet rooms he did indicate there were others and had been told the requests for large transfers out had increased massively. He had tried to arrange transfers online and by phone all week but they kept delaying him the whole week putting him off, nothing would happen, he had the impression, they were trying to stem a large bleed.
  11. I have one friend who withdrew all his cash, a rather substantial sum on Friday from Bank of Ireland in Dublin, it took him the entire day, they made it so hard for him to do so until he basically squatted in the bank until they handed it over. They tried every trick in the book to disuade and stop him. Luckily he took every bit of id he could, details with him so they had no excuse. The manager finally caved and told him, its been happening on a large scale for the last week, massive withdrawls. They seemed very scared.
  12. Errr not that I'm aware of and I've lived here for 6 years. To do so would be economic suicide.
  13. Keep the stimulus going ......how exactly, with fresh air as collateral.
  14. I wouldnt buy in Spain until people start getting protected, who knows when the spanish Govt walks in and just takes your house, knocks it down and goes tough cheese.
  15. What i found astounding is the bit where Ken Clarke says : Ken: ... we have the biggest, fastest rising debt and then under his breath but caught on the mic Mandelson replied : Who cares? Astounded i was just stunned.
  16. yeah just saw this, so the first is D2 with a lot of stores and jobs going. D2, the clothing and footwear retailer, has become the first big casualty of the post-Christmas trading period, putting more than 1,000 jobs at risk. The chain – which was sold by the billionaire Sir Tom Hunter in January 2008 to a management buy-out team – appointed the accountancy firm BDO as administrator this morning, The Independent can reveal. D2, which has 76 stores in the UK and 3 in Dublin, has become a victim of the tough trading climate and the withdrawal of credit insurance for its suppliers. BDO said it "regrettably" made 22 redundancies at the retailer’s head office in Dundonald, Ayrshire, and closed two of its three stores in Dublin, Ireland, resulting in the loss of a further 39 jobs. The accountancy firm will continue to trade the remaining 77 stores and seek a buyer as a going concern.
  17. Wreck the Recovery, would that be after Labour has wrecked the economy. There would have to be a recovery first for anyone to wreck.
  18. Well i searched, nothing came up, deserves another run anyway. Anyway its from another source.
  19. http://www.dailymail.co.uk/news/article-1239150/Economic-growth-Noughties-weakest-decade-war.html Britain has experienced its weakest period of economic expansion for any decade since the war, an analysis showed today. Gross domestic product rose on average by 1.7 per cent annually in real terms, while the Noughties also delivered the worst returns for investors than any decade since the 1930s, the Financial Times said. The alarming analysis provides a damning indictment of Labour's handling of the economy since it gained power in 1997. It also seriously undermines ministers' repeated claims that the current recession was preceded by years of prosperity. The sluggish performance contrasts with the 1960s, when output rose by an average of 3.1 per cent a year. It also took place against a backdrop of a rising population, a factor that tends to boost output rather than shrink it. Manufacturing was particularly hard hit as, on average and after adjusting for inflation, output contracted over the decade by 1.2 per cent annually. That is much worse than the 1970s and 1980s, when output grew 0.6 per cent and one per cent respectively. In the West Midlands, which is home to much of Britain's manufacturing base, average annual GDP growth nearly halved from two per cent in the 1990s to 1.1 per cent in the following decade. The South-East has also suffered, with growth falling from an annual rate of 3.2 per cent in the 1990s to 1.8 per cent. The services sector fared less poorly, with annual output in the past decade at 2.6 per cent, only slightly weaker than the 3 per cent seen in the 1990s peak. The findings published by the Financial Times are based on information provided by the Office for National Statistics. Hampered by its heavy reliance on a now-crippled financial sector, Britain has just recorded six consecutive quarters of contraction, a slump costing six per cent of the nation's economic output. At the worst point of the recession in the first three months of this year, output fell 2.5 per cent - the fastest rate in more than 50 years. And while markets expect a return to growth in the current quarter, there are fears of a 'double-dip' next year amid looming tax rises and spending cuts. The weak economic picture was mirrored in the wider stock market as the FT said the decade delivered annual returns of minus 1.8 per cent on average. Investors had not lost money over a decade since the Great Depression of the 1930s.
  20. The way its all going, there is going to be one hell of a europewide collapse and revolt if they keep up with this.
  21. Seriously though what would Mandy know about raising two kids and feeding and clothing them. Stick to what you know about and in Mandy's case its not a lot.
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