Thread: 20k US$ to spare

Nice. Best to stick to something you may actually know about.

Me, I wouldn't spend it. In the bank for my boys.

Originally Posted by AntRobertson

Originally Posted by bkkandrew

Originally Posted by Butterfly

...- Collapse of the entire banking system in a matter of days, no more withdrawal of cash...

Correct and happening...

How can something be "correct" and "happening"? It has either happened or it hasn't.

When something is in the process of happening. I thought you "did" English?

Originally Posted by Thormaturge

What we are seeing is the death of a certain economic system, rather than the banking industry. Solid businesses that provide genuine services and goods will come out of this nonsense in good shape whereas those that never really made anything and those that did little but gamble on the success or failure of certain sectors won't. The real world has struck back and we are merely seeing the death throes of a bunch of gamblers who didn't know when to quit.

Banks that didn't get caught up in this stupidity will survive. To suggest that the banking industry is collapsing is a tad melodramatic.

I was called melodramatic when I suggested AIG, WaMu, Bear and IndyMac would collapse, I was called melodramatic when I said HBOS and B&B would fail if not bailed, I was called melodramatic when predicting the entrire collapse of the Icelandic banking system. I am now being called melodramatic when I say that the US banking system will collapse.

I guess its just a process. A process of melodrama being turned into reality.

^You predicted the 'collapse of the entire banking system within a matter of days' (amongst other things apparently). That has not happened so your prediction is not correct yet. Claiming it is 'happening' is merely hedging your bets, the incorrect tense, and no prediction of any kind whatsoever - I could just as easily 'predict' that a puddle of water will eventually evapourate and it's happening now. Hardly the stuff of Nostrodamus is it.

did Nostrodamus predict this?? I wonder??

Ant believes in Nostrodamus' predictions!



No wonder his clients have deserted him...

I would buy Gold, stuff it in the safe and forget about it for a few years at least.

i don't know, the way some of them's talking you'll end up eating it

Originally Posted by larvidchr

I would buy Gold, stuff it in the safe and forget about it for a few years at least.

You are welcome to tell me where you intend to keep the safe. I would hate for you to forget about it entirely. Probably best to give me the combination too, in case you forget that.

Originally Posted by bkkandrew

No, it was 70% and you were shown to be wrong here:

You didn't answer that one either, nor did you apoloigise for your lies on that thread.

Let's go back to your lies, will you;

- First you claimed that 70% of Iceland National Bank Deposit were from IceSave:
Wrong, total assets were 5B UKP, that is less than 20% of the National Bank, but since you can't add up simple numbers from the financial statements, that went over your head. You are still confusing IceSave with the Iceland parent National Bank, which had indeed many branches everywhere and desposit from all over the world, but that was not IceSave.

- Second, you claimed that IceSave had branches all over the place: Wrong, only in the UK and a new Netherland branch, just opened a few months ago. Again confusing IceSave with the parent National Bank.

and on and on ...

Originally Posted by bkkandrew

Being a compulsive lier is actually a medical afliction, so I do feel some sympathy for you.

Spoken like a true person who has been there already

Originally Posted by Butterfly

Originally Posted by bkkandrew

No, it was 70% and you were shown to be wrong here:

You didn't answer that one either, nor did you apoloigise for your lies on that thread.

Let's go back to your lies, will you;

- First you claimed that 70% of Iceland National Bank Deposit were from IceSave:
Wrong, total assets were 5B UKP, that is less than 20% of the National Bank, but since you can't add up simple numbers from the financial statements, that went over your head. You are still confusing IceSave with the Iceland parent National Bank, which had indeed many branches everywhere and desposit from all over the world, but that was not IceSave.

You can't even get the name of the parent bank right - it is Landsbanki. No wonder you are so confused.

Originally Posted by Butterfly

- Second, you claimed that IceSave had branches all over the place: Wrong, only in the UK and a new Netherland branch, just opened a few months ago. Again confusing IceSave with the parent National Bank.

Nope:

United Kingdom
Netherlands
Denmark
Finland
Canada
Switzerland
Sweden
Japan
France
Germany
Italy
Spain
Hong Kong
Luxembourg
Ireland
Norway
United States
Iceland

And the parent is Landsbanki, NOT National Bank.

Originally Posted by bkkandrew

You can't even get the name of the parent bank right - it is Landsbanki. No wonder you are so confused.

I think you conveniently ignored the subject on hand, that is how you got confused with the numbers, and focused instead on the name of the parent National bank. Typical Denial standard operating procedure. Are you Thai ?

Originally Posted by bkkandrew

Nope:

Yes

You probably missed that link in the original thread
Icesave - Wikipedia, the free encyclopedia

Icesave offered savings accounts only to personal savers. It operated in two European countries - the UK (where it has operated since October 2006) and the Netherlands (where it operated since May 2008). However, Landsbanki's 2007 annual report stated there were intentions to roll the brand out to additional territories throughout 2008 and 2009.

Thanks for playing,

Landsbanki is Icelandic for National Bank and you can use either of those names, it is still the same bank.

China announced it would spend 445 billion upgrading its rail system - good for the iron Ore miners.

Originally Posted by lom

Landsbanki is Icelandic for National Bank and you can use either of those names, it is still the same bank.

In 1886 perhaps:

Landsbanki Islands hf is Iceland 's oldest full-service commercial bank, founded in 1886, and for some years operated as the National Bank of Iceland.

Landsbanki Guernsey - Common Questions

.. and for some years operated as the Central Bank of Iceland.
1886 to 1961 to be more exact.

It is still known both as Landsbanki and National Bank.

National Bank doesn't necessarily means Central Bank, but since it's the #1 bank in Iceland, calling it THE national bank is not wrong either,

anyway pointless excercise from bkka as usual to distract the discussion from the real matter

Originally Posted by Thormaturge

Originally Posted by larvidchr

I would buy Gold, stuff it in the safe and forget about it for a few years at least.

You are welcome to tell me where you intend to keep the safe. I would hate for you to forget about it entirely. Probably best to give me the combination too, in case you forget that.

Thanks for your kind offer Tt , but I have excellent help already reminding me to fill up when ever it is getting close to empty

Originally Posted by Thormaturge

Solid businesses that provide genuine services and goods will come out of this nonsense in good shape whereas those that never really made anything and those that did little but gamble on the success or failure of certain sectors won't

Exactly. A market correction, however severe, is not the end of the world.

As for the 20 grand, well, ever consider loan sharking?

^Funnily enough, if you are well connected, there are some good ways to do this in LoS, without any direct contact with the sh1t.

Say no more, but if anyone wants more details, PMs from those that know me will be answered...