nickyboy
Norven Mankey
- Location
- You want hills? We got hills
Wot he said, @oldfatfool is talking sense. Your money is safeIf the government is willing to bail out airlines it won't and never as let a large bank go under. If worried you can easily transfer out to more banks to come under the 85k but tbh if all banks crash then fscs will also crash and your money would be worth f all in anycase, given it is world wide that means no money anywhere, so gold will be worthless as well, it really isnt worth worrying about.
There will be a redistribution of money but given the massive enveloping scale of the madness you would have to presume that if company a colapses from this, then it will be a dominoo effect, so as as been seen by banks suspending mortgage payments you would expect companies to accept longer payment terms on mass to avoid every company experiencing cash flow problems.
Banks are pretty much at the top of the tree so if they go on mass, everything is gone and we start going back to swapping cows for beans.
On subject of money I would be very careful about paying deposits or any form of "money up front" other than via credit card. A lot of businesses will really suffer and some will go pop. If that happens your deposits are, in all probability, gone