Volcanos, Planes and Carbon

23 April 2010

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Credit Crunch – a father’s view

8 October 2008

My dad and I emailed today about money, savings, Iceland and the credit crunch… I loved his insight, so thought I’d share it:

Money’s funny stuff really…………..it doesn’t exist, unlike things!

The government did the right thing though overall for jumping in and nationalising [Bradford and Bingley], although if they had made the £50,000 offer to savers at that time they would not have needed to nationalise it. That’s what they’re doing with banks now, so that the nationalisation only happens if they reach the payout point (I think).

Really, it’s socialism by default [thelayoftheland note – not everyone agrees], which is excellent really. Now if they can re-nationslise the railways, power, and water, we’ll be laughing!!

Mind you, water is owned by the country…………………………………..but it’s France……..whoops. Le mess.

Vive la France eh?


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