your bank account

[Devonian]

Recently they found a woman leaving the UK with £12,000 hidden in her knickers, she could not prove it was legit so they kept it AND charged her with aiding terrorists.

Wasn't she of Muslim origin, with friends/family fighting in Syria and she was about to catch a plane to turkey to go to Syria

[NorthernRaider]

I think so.

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The thing is the Police now have the PROCEEDS OF CRIME ACT to play with it was designed to allow them to seize the huge piles of cash found in drug dealers homes, or other fraudsters, it turned the law on its head meaning anyone with their savings hidden under the mattress or having more than an a certain amount in the bank they can seize it, also if for example someone the bank or cops knows is on benefits or not working who suddenly puts a largish lump of cash in their accounts triggers a police / bank response and it requires the owner of the money to prove to the authorities the money was lawfully obtained.

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Oh yes before I forget the EU always wants the right to seize money from anyones bank account in the EU to " Fight crime / Money Laundering / Fraud / Tax evasion etc, and we all saw what the EU did with everyones bank accounts in Cyprus.

[Devonian]

Yes, it is a concern ........

[NorthernRaider]

[bigpaul]

the trouble is you can only stuff so much under the mattress before it gets lumpy and uncomfortable arent our bank deposits supposed to be "guaranteed" to a certain limit(forget off hand what that is)?

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there is a hell of a difference between the huge amounts that criminals amass during their crimes and the small amounts that I am sure the majority of us have, I think my wife would look at me a bit sideways if I suddenly emptied our bank accounts "just in case".

[Devonian]

the trouble is you can only stuff so much under the mattress before it gets lumpy and uncomfortable arent our bank deposits supposed to be "guaranteed" to a certain limit(forget off hand what that is)?

Exactly.

And only so much you can spend it on.

You are protected from the banks 'failing' of up to £85K per bank, but bear in mind that some banks operate a single licence as they are part of a group like NatWest/RBS/Ulster Bank etc, and so you are only protected against one lot of £85K, not three lots etc...

But this is different to TPTB deciding to cream of say 10% from all accounts, or if they become suspicious of where your funds have come from etc...

[bigpaul]

yes I thought so, they must have increased the guaranteed total as I thought it was lower than that but it FAR exceeds my meagre savings! creaming off 10% would be a pain but not life threatening, and they can see where my income comes from by my bank statements in the form of my state pension, so I don't think I will be racing out tomorrow morning and emptying my accounts

[NorthernRaider]

Yup your money is protected IF THE BANK GOES BUST, but not if its a tax raid by the EU or a money grab by the state of the bank / cops thinking its the profits from selling wacky baccy.

[bigpaul]

yeah right.

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I think if I removed all the money from my accounts THAT would make "the authorities" very suspicious indeed. aint going to happen.

[River Song]

I, the ever fragrent River Song make this last will and testament.
Being of sound mind - I spent the lot.

Seriously, I have no assets and my money comes in each month and goes out each month. No savings.

I know that in the US they say "pay off all your debts" but I say "f..k 'em"

When I left school all those years ago, I paid income tax and something called graduated pension. I was told that this was saving for my pension.

Around my late 40's I was told 'no no no' - this is to may for TODAY's pensioner's. a Ponzi scheme by any other name.

I came from a very working class family. I don't mean CHAV but what in the 50's would have been called 'respectable working class'.

But it was still very tough to survive. It was a hand-to-mouth and that holds true even today. Each months money just goes and there is always too much month left in the end of the money.

In my mind, if I have spare money at all, then I will travel a bit or invesft it in barter material. I would love to have a large lorry set up as a shop.

To reiterate - I'm not going to pay off debts to big companies.
F..K THEM

allons-y

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No matter who you vote for, the Government always gets in