BEWARE! THE BANKS ARE OUT TO GET YOU!

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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

Post by plaques »

The effect of the increase in the price of gas and electricity doesn't stop within the confines of the house. Petrol and diesel prices will put up the cost of transport and then onto consumer goods. Shops and business's will also take a hit. Manufacturing and farming are also in the mix. Rents is also an unknown factor All this adding to the overall cost of living. The Council tax relief of £150 for house bands A to D looks solid enough at first sight but a closer inspection shows there loads of conditions that enables them to nibble away at the edges. People living in flats of a high value property fall through one of these holes. There are other loopholes to fall through which have yet to surface. The next couple of years isn't going to be very pleasant for those at the bottom of the heap.
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

Post by Stanley »

As always, spot on Ken particularly in the matter of the knock on effects on services and goods. The boss of Tesco said yesterday that their projections show 3% more inflation in food prices which should be added to existing predictions. Then of course we have to take into account the inflationary tendencies of legitimate wage claims. These can't be avoided or fended off by people with over £500,000 a year. What we are looking at is classic stagflation but no politician is going to admit that because the only known cure is deficit financed spending to stimulate money flows in the economy and give us a way of climbing out of the pit.
Instead, all the government's efforts are directed towards trying to defend the indefensible. Hand up all those who believe that Johnson will resign voluntarily for the good of the country. :biggrin2:
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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`HMRC hits back over claims it is soft on fraud' LINK
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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Those of us who read Private Eye will not agree with that. And those who are waiting for HMRC to decide on tax matters like Janet's will and now Leslie's will say they are grossly understaffed and inefficient as well!
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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The enquiry into the Post Office Horizon computer programme has started at last. One of the first revelations is that 33 victims have died waiting for justice. The executives who ran the PO while this was going on must be brought to justice!
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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The PO bosses are the next in line for questioning - let's hope they get trounced!

I guess everyone in Barlick remembers the Silentnight pension scandal and the £13.5 million of fines. That money was paid to the Institute for Chartered Accountants but they've held onto it instead of paying it out as compensation to the pensioners who lost out. It's caused uproar even among the bosses of the big accountancy firms who are demanding the Institute hands over the money for the pensioners and are threatening to withhold their Institute membership fees...
`‘Pay £13.5m fines back to Silentnight pensioners’' LINK
`The professional body for accountants has been urged by its members to hand over £13.5 million of fines that it scooped as a result of the Silentnight pension fund scandal. Some members of the Institute for Chartered Accountants in England and Wales have called on the body to think again, saying that it had a moral duty to pass on the fines, while the reputational hit to the profession was terrible. Nick Sherrard, a former Coopers and Lybrand (now part of PwC) partner and a fellow of the institute, spoke for many who contacted The Times when he said, “The morality and the optics of collecting a multimillion-pound fine and then pocketing the proceeds are dreadful"...'
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

Post by Stanley »

I must have been sleeping Peter, I didn't know about the Silentnight pension case. Thanks for alerting me.
As for the PO executives, yes, they should be publicly brought to account. Will it happen, or will the system go into protect mode?
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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No, you haven't been sleeping Stanley. I only knew the latest developments because The Times published them on the weekend. The rest of the main news media seem to have ignored it. The only other web sources that come up in google are specialist ones like pension company sites. The Times does some very good old-fashioned, pro-active journalism. It's main war correspondent, Anthony Loyd went straight from Afghanistan to Ukraine. He's been talking to older military men there and they've been showing him inside the former nuclear missile bunkers and pointing out their seat from which they would have pressed the red button if ordered to do so. I didn't know that Ukraine had held most of the USSR's nuclear missiles sites - closer to the wester targets of course. That's where the 1994 Budapest Memorandum comes in - Ukraine gave up the missile themselves in exchange for a promise from the UK, USA and Russia to protect the country from attack. Not surprisingly, those old military men now wish they'd not given up the missiles.
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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Stanley wrote: 16 Feb 2022, 05:02 I must have been sleeping Peter, I didn't know about the Silentnight pension case.
Some of us have been keeping up.

Here's the text of an email I sent to Gordon Prentice MP in May 2011. I used to follow his Blog, until he was defeated by Andrew Stephenson and fled to Canada where he remains it seems. I don't subscribe to the Telegraph so don't know the detail, but I vaguely remember being quite indignant about it all at the time.

Sometimes my memory for odd thing surprises even me. :smile:

Hello again,
Thanks for the amazingly quick response to my email.
For the avoidance of any possible misunderstanding - I am not Sir David Trippier.
Here's a link to the Silentnight affair.
http://www.telegraph.co.uk/finance/pers ... phole.html
Thanks for confirming that the email I received from Pendle Labour Party was via the address list of your blog supporters.
It puzzled me at first - then I worked it out. I did reply to John Pope, but didn't think it was particularly 'growly'. I can do better than that when I try. I also pointed out that it was not good practice to put all addressees in the cc box.
Despite your protests - I'm sure you'll be back! Why have such a blog otherwise?
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

Post by Stanley »

Thanks for that David..... Yes, I fear we have lost Gordon, a pity because he was a fine constituency MP. The present incumbent is a waste of space and doesn't seem to be doing a lot for HS2 either!
I am reminded of George Burnaby Drayson who was Conservative MP for Skipton (Barlick was in the Skipton Constituency then.) from 1945 to 1979 and was most famous for the fact he never spoke in the House. I had the pleasure of being represented by him from 1956 when I came out of the army until the boundary change that put us in Pendle. Stephenson is no better than he was!
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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The Guardian has several articles on this published yesterday and this morning...
`Revealed: Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians' Guardian
`A massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes. Details of accounts linked to 30,000 Credit Suisse clients all over the world are contained in the leak, which unmasks the beneficiaries of more than 100bn Swiss francs (£80bn)* held in one of Switzerland’s best-known financial institutions. The leak points to widespread failures of due diligence by Credit Suisse, despite repeated pledges over decades to weed out dubious clients and illicit funds. The Guardian is part of a consortium of media outlets given exclusive access to the data. We can reveal how Credit Suisse repeatedly either opened or maintained bank accounts for a panoramic array of high-risk clients across the world.'...

Meanwhile...a pay rise from $15M to $99M in one year is not to be sniffed at! How can anyone be `worth' that amount of money? Anyone would think he was a football player! :extrawink:
`Apple boss Tim Cook faces backlash to £73m pay package' LINK
`Investors are being urged to vote against a $99m (£73m) pay package awarded to Apple boss Tim Cook last year. Institutional Shareholder Services (ISS) said it has "significant concerns" over the size of the award, up from $14.8m the year before. Mr Cook, whose net worth is reportedly more than £1bn, received the pay in shares, salary, and for other costs.'...
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

Post by Stanley »

A rise from $15million to $99million is ridiculous by any standards....
I'm listening to You and Yours where they are discussing the banks withdrawing free banking for small community charities. The banks say that they take the responsibility 'incredibly seriously' (That's more than simple seriously?) A lady who is trying to help these small organisations is clearly unimpressed.....
(They are also discussing the crucial matter of the availability of artificial eye lashes. Described as 'essential'. Discuss....)
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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Stop the world I want to get off. . . . .

Anything less than 'incredibly important' is of no consequence, and can be safely ignored - as can quite a lot of what is. . . ..

I think my 'resilience bucket' as they say in woke Barrowford has a hole in it dear Liza. Didn't Nolic used to call it the 'designer village'

You can help by never buying any Apple product. That's what I do. Not a cent of his $99 million comes from me. :smile:
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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Nor me either David. Yes, Colin lives in the village and can remember what it was like before the tide of gentrification swept many of the old shops away.
As well as being incredibly committed I see the government is 'working at pace' on safeguards against Covid that don't involve spending any money. (I think it's fairly clear whose hand is on the tiller. It was the Treasury that delayed the Cabinet Meeting yesterday by arguing for less spending on health.)
I am taking the messages about the shortage of artificial eyelashes seriously. Evidently it is impacting 'work photo opportunities'.... (I think this is code for something.....)
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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No Apple products here either. :smile:
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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Interest rates are set to continue rising and pressure on people to survive as inflation and energy prices bite will mean more borrowing. All these factors point to one thing, increased profits for bankers. Ain't life grand!
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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And the banks are among companies giving it away to ransomware attackers, prompting them to carry on attacking. Will they never learn? (Answer: no they haven't got the nous)...
`Study: UK firms most likely to pay ransomware hackers' LINK
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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It's all so bloody depressing! How did we get to this state? The paramedics yesterday were telling me just how bad it is when I questioned them and I suspect all public services would say the same. The bottom line is that the country and the economy are not being managed for the benefit of the people but only the most wealthy capital holders.
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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`Ukraine conflict: Russia doubles interest rate after rouble slumps' LINK
`Russia has more than doubled its interest rate in a bid to halt a 30% slump in the value of its currency. The Bank of Russia raised the rate to 20% from 9.5% as the rouble sank amid tough new Western sanctions. The rouble's collapse erodes the currency's buying power and threatens to wipe out the savings of ordinary Russians. There were pictures in Moscow of long queues at cash machines as people withdrew money. At the weekend, Russia's central bank issued an appeal for calm amid fears that new financial sanctions could spark a run on its banks. It said it had the "the necessary resources and tools to maintain financial stability."
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

Post by Stanley »

Madness isn't it.... And of course nobody knows how such a massive interference in trade patterns will affect the rest of the system. Then there is the uncomfortable truth that despite the sanctions we are still buying Russian gas, we can't do without it. Putin can't shut it off because that is his income. I'll say it again, madness!
O, what a tangled web we weave when first we practise to deceive!....
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

Post by PanBiker »

Stanley wrote: 01 Mar 2022, 04:10 Then there is the uncomfortable truth that despite the sanctions we are still buying Russian gas, we can't do without it.
I don't think we get our gas from Russia, mainland Europe and the EU countries do. I think most of ours comes from Norway.
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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Correct. The danger for us is the rising price of gas, not the physical supply. Gov.UK
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

Post by Stanley »

I stand corrected, It's Europe that is financing war in the Ukraine.
A question for you, what happens if Russian hackers, official or otherwise, mount attacks on our banks?
Ask yourself the question what would I do if my card didn't work?
Before you dismiss the matter think back to the people and businesses who were locked out of their accounts when, was it Nat West. computers went down.
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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Stanley wrote: 02 Mar 2022, 04:36 A question for you, what happens if Russian hackers, official or otherwise, mount attacks on our banks?
Obviously it would be bad - but we now have the National Cyber Security Centre and the military on what Putin might call `special alert'. There are also independent West-supporting groups of hackers penetrating Russian cyber targets and helping protect our networks. No doubt Putin's gnomes will try to do their best but it's not going to be easy like it was when our government was cosying up to Russia.
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Re: BEWARE! THE BANKS ARE OUT TO GET YOU!

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Stanley wrote: 02 Mar 2022, 04:36 question for you, what happens if Russian hackers, official or otherwise, mount attacks on our banks?
They do - and not just 'our banks', and not just from Russia.

There are literally millions of cyber attacks on all sorts of UK businesses every day.

Trust me. . . . :smile:
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