OT: Recession Coming

[Cursitor Doom]

confiscation/5332743

And this is where it's all heading; the end game:

[dennis]

But it doesn't apply to the UK.

[dennis]

Do you think gold and cash are any good after the apocalypse? You should invest if food and water and guns like all the other end of the world folks.

[dennis]

Try selling them when they are out of fashion or nobody has any money left.

[Adrian]

A six month old article referring to two-and-a-half year old articles (at the time it was published), and taking them out of context.

Anybody'd think they were trying to sell something...

Still, only the terminally gullible would fall for it.

[Cursitor Doom]

Correct. Under English Law we're *already* unsecured creditors.

[Cursitor Doom]

??? Early Georgian furniture *never* goes out of fashion. Plus I get to enjoy the use of it, unlike the equivalent languishing in some rotten bank account.

[Cursitor Doom]

Fair point. With those hoards of rapists invading by the million, that's not bad advice! (makes a change for you).

[Andrew]

On 18/01/2016 09:39, Nightjar

The high street banks sold off most of their retail bank premises in the early 90's to investors who thought that they were going to sit back and enjoy a never-ending stream of rent.

Trouble is, everyone is using online banking and all these retail bank branches are closing at an exponential rate. We have no banks in my village of 4,000 folks. Lloyds went in 1996, Barclays and RBS went last year. Even large-ish towns like Glastonbury no longer have a bank.

All those investors are now sitting on commercial premises with no tenants in sight, and their only hope is demolish and/or convert to residential.

[Huge]

Nightjar's investments aren't retail premises.

[Tim Watts]

In fact, having had a look at RightMove, there are sod all industrial premises for sale around me (30 miles) - so either RightMove is not the right place to look (quite likely) or it is a rare commodity.

[jack]

Or for many others either.

Which could well be a problem if you end up dead or manage to forget the keycode.

Not even possible with the number you need to hide.

Makes a lot more sense to use a couple of decent safety deposit boxes and hope that you don?t lose a hell of a lot more due to the price of gold falling through the floor like it does at times instead of the much more secure multiple secured deposits in more than one bank and avoid the worst of the spivs and con banks that have changed their T&C to allow them to do anything they like with your money so you don?t have to wait till the courts decide to tell them to shove them where the sun doesn?t shine, sideways.

[Cursitor Doom]

There's going to be nowhere to go given the trend. Even the Co-op Bank has introduced one of these grab-all clauses, FFS. The rest will surely follow suit in time.

[Nightjar]

It is a specialist market. Visit a few industrial estates and see what names are on the estate agents' boards, especially those that say 'for sale, business not affected'. Those will be the people who deal with buy to lease commercial properties. However, a lot of small units sell by word of mouth on the estate, either to people looking to expand or those who want to own rather than rent.

[jack]

It isnt the sheep that matter in this situation, it?s the legal system, and it doesn?t operate like that.

[jack]

It isn't going to happen, whatever fools like that might want.

[The Natural Philosopher]

"Peace, in Our Time".

[jack]

But have a very decent bank deposits guarantee system.

[Cursitor Doom]

Not for much longer. There's pressure to scrap it.

[Chris]

At least one sheep has to stand up and take 'em to task over it or nowt will happen.