I did say Buy Gold if only i was richer

[fred]

Not really looked at this rescue plan just yet..
Didn't they just buy bank assets? Nationalize them to some extent? Wont the country reap any benefits from these new assets once things begin to return to normal in lets say..5 years?
Im glad they did something as I have a wad in RBS thats not all insured by the IOM regulators..
I wonder what the Isle of man has done to protect the savings in its bank accs?

Where did the UK Gov borrow this money from when no one is lending money?
Im guessing that they kind of wrote an IOU out to themselves and simply had it printed?
If thats true,what terms do they use to pay them selves back?
Imagine all the interest they have to charge themselves.

[andypaul]

Not really looked at this rescue plan just yet..
Didn't they just buy bank assets? Nationalize them to some extent? Wont the country reap any benefits from these new assets once things begin to return to normal in lets say..5 years?
Im glad they did something as I have a wad in RBS thats not all insured by the IOM regulators..
I wonder what the Isle of man has done to protect the savings in its bank accs?

Where did the UK Gov borrow this money from when no one is lending money?
Im guessing that they kind of wrote an IOU out to themselves and simply had it printed?
If thats true,what terms do they use to pay them selves back?
Imagine all the interest they have to charge themselves.

The next big words we will come to hate will be Inflation and deflation.

Read up in what happened in japan for possible eventualities.

If you have a fixed rate loan just bear in mind what deflation can do to that loan

Im sure we will all ride it out and I hope everyone keeps hold of their money they worked hard for.

People more wiser in years than me will know how these nasty words made many peoples lives a misery in years gone by in various parts of the world.

From those who understand these things they say if things do even out as most of the world wills and wants it to that 2012 is paid for already.

Its the massive risks which seem to be formulate by people who are not really there because of their great skill and experience in world ecomnics. They are MPS who found themselves in the job.

Most treasury people are there because no one head hunted them for the city just up the district line.

The isle of man i think would be hoping for assitance from the UK/eu if it had to prop up a Bank dont you think?