The Banks owning houses.

Cash money will become worthless, tangible assets are what you want.

The banks and corporates know that and are positioning themselves accordingly.
 
I'm confused, should I sell my house and keep the cash, or ditch the cash and buy tangible assets, maybe a house for example?
Evening Club book.

Firstly we are in line for some serious levels of inflation, cash is going to devalue rapidly hence the move out of cash to more tangible assets.

Secondly, if Universal Basic Income becomes a thing, there will be limits as to what it can be used for. Not sure exactly how it will work but you will be unable to save it, or use it to buy real assets. Consumer products only.

This will, in effect keep you trapped as a 'serf', unable to do anything to better yourself or benefit your family. You will be in chains more sturdy than any iron.
 
Well if I was the banks, I'd put the interest rates up so people couldn't afford to pay their mortgages and then I'd take their house and rent it to them forever.
 
Well if I was the banks, I'd put the interest rates up so people couldn't afford to pay their mortgages and then I'd take their house and rent it to them forever.
If the government destroys the economy, the banks will not even need to do that.

Jingle mail will be a thing again.
 
Well if I was the banks, I'd put the interest rates up so people couldn't afford to pay their mortgages and then I'd take their house and rent it to them forever.
The banks have always owned our houses until we pay the mortgage off.

Interest rates went through the roof under Thatcher, 15% at one point in about 1989, and we seem to have come out the other side still owning our own houses.
 
The banks have always owned our houses until we pay the mortgage off.

Interest rates went through the roof under Thatcher, 15% at one point in about 1989, and we seem to have come out the other side still owning our own houses.
Some did, some did not.

We, the then Mrs AFC and myself, worked bloody hard to pay our mortgage, in full and on time.

Fortunately we no longer have one, we do however have cash in the bank, need to work out what to do with it. Maybe another property and take the rent? Maybe Gold? Really not sure, but it ain't staying in the bank!
 
Some did, some did not.

We, the then Mrs AFC and myself, worked bloody hard to pay our mortgage, in full and on time.

Fortunately we no longer have one, we do however have cash in the bank, need to work out what to do with it. Maybe another property and take the rent? Maybe Gold? Really not sure, but it ain't staying in the bank!
Buy my motorbike. Future classic!
 
The banks have always owned our houses until we pay the mortgage off.

Interest rates went through the roof under Thatcher, 15% at one point in about 1989, and we seem to have come out the other side still owning our own houses.
If interest rates went back to those levels a lot or people would be in deep shit.
 
If interest rates went back to those levels a lot or people would be in deep shit.
They would. Some people are struggling now and inflation looks set to rise. All part of the plan if you think like AFCD, more to do with Brexit and Covid IMHO.

My point was the interest rates were eye-watering but here we are, people still own houses and have money in the bank.
 
They would. Some people are struggling now and inflation looks set to rise. All part of the plan if you think like AFCD, more to do with Brexit and Covid IMHO.

My point was the interest rates were eye-watering but here we are, people still own houses and have money in the bank.
It is going to get very interesting. Normally higher interest rates would be good for people with money in the bank but with negligible savings rates, not so much.

Very low interest rates on savings/investments combined with high inflation is a nightmare scenario which is why the government are keen to make it happen. It goes contrary to all economic 'rules' so is clearly deliberate and will be very destructive.
 
Some did, some did not.

We, the then Mrs AFC and myself, worked bloody hard to pay our mortgage, in full and on time.

Fortunately we no longer have one, we do however have cash in the bank, need to work out what to do with it. Maybe another property and take the rent? Maybe Gold? Really not sure, but it ain't staying in the bank!
I have a Glint card, very easy way to buy Gold or even change it back to a chosen currency. Gold prices should rise by 2023 according to my guys, time will tell.
 
I have a Glint card, very easy way to buy Gold or even change it back to a chosen currency. Gold prices should rise by 2023 according to my guys, time will tell.
Hi RF.

Do you actually buy the metal or is this 'on paper'. I was thinking go buying actual metal, coins probably.

Looking to 'hedge' against a collapse in sterling.
 
Hi RF.

Do you actually buy the metal or is this 'on paper'. I was thinking go buying actual metal, coins probably.

Looking to 'hedge' against a collapse in sterling.
I have both to be honest, with Glint its on hold in Switzerland, saves storing it or paying storage costs. but its good to have physical gold that you can exchange if things hit the fan. Check out the video on Gold busters web site and see what you think?
 
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With all the money that has been been printed we are heading for hyper inflation, that is why banks are buying assets to offset cash
 
Not sure how much use your gold will be, in looted shops and among the pillaging and demented hordes on the streets?

If you fancy a trial run, make a visit to Coventry.
 
Not sure how much use your gold will be, in looted shops and among the pillaging and demented hordes on the streets?

If you fancy a trial run, make a visit to Coventry.
Difficult times are coming. I kind of assumed that gold would hold value, it always has.

Possibly property, rentals are really in demand right now but that assumes some consistency and structure in the market, not sure how long that will remain the case.
 
Not sure how much use your gold will be, in looted shops and among the pillaging and demented hordes on the streets?

If you fancy a trial run, make a visit to Coventry.
On the Glint app you just transfer it back to cash on the currant exchange rate and use your card as a debit card.
 
On the Glint app you just transfer it back to cash on the currant exchange rate and use your card as a debit card.
Is it safe?

In my best Laurence Olivier 'fake German' accent.

Seriously, sounds like a great way to hold and spend gold, but what happens if one of the principles goes broke or similar?
 
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