eastcoast 4,355 Posted April 9 Report Share Posted April 9 Hate to be the bearer of bad news but for anyone with personal or company pensions who has not checked the growth this month brace yourselves. Big drop in the pots since February. All down to Donald Trump's shenanigans apparently. 1 1 Quote Link to post Share on other sites
pesky1972 5,591 Posted April 9 Report Share Posted April 9 Best not to look if you’re not looking to take anything out any time soon. It’ll all right itself eventually. 3 Quote Link to post Share on other sites
eastcoast 4,355 Posted April 9 Author Report Share Posted April 9 5 minutes ago, pesky1972 said: Best not to look if you’re not looking to take anything out any time soon. It’ll all right itself eventually. True, no need to panic as that's how these things work. I have made changes recently into how I save my hard earned money. Sod's Law. Lucky to have some to save though. Quote Link to post Share on other sites
chartpolski 26,160 Posted April 9 Report Share Posted April 9 (edited) I can’t make head nor tail of it , but no doubt some global economists on here will put me right ! LOL ! I got a letter this morning informing my that my bank shares have increased in worth and for the first time in years have paid, albeit a very small, yearly dividend. Im watching the rolling 24 hour news and every few minutes Trump makes another announcement, he’s just increased tariffs on China to 125%, reduced tariffs to the rest of the world to a unified 10%, and then suspended all tariffs, except on China, for 90 days! The markets are going up and down like a yo-yo, more money is going into government stocks and gilts , and into the old favourite, gold ! Its just been announced Wall street shares have jumped 8% ! Looks to an uneducated eye like mine that it’s boiling down to a trade war between America and China ! Who knows…..I hope Trump does ! Cheers. Edited April 9 by chartpolski Quote Link to post Share on other sites
steve66 3,676 Posted April 9 Report Share Posted April 9 Was hoping gold to drop afair bit to make it cheaper to buy , certainly been a roller coaster few months since Trump came to power Quote Link to post Share on other sites
eastcoast 4,355 Posted April 9 Author Report Share Posted April 9 8 minutes ago, steve66 said: Was hoping gold to drop afair bit to make it cheaper to buy , certainly been a roller coaster few months since Trump came to power Gold? I refer you Gordon Brown, one time Chancellor of the Exchequer. Unfortunately not many people are as stupid as he was... Rachel Reeves is having a go though. 3 Quote Link to post Share on other sites
Bendigo 416 Posted April 9 Report Share Posted April 9 (edited) Keep buying it and stacking it in the safe deposit box. Along with tinned goods and ammo If only I had some cash to buy some Edited April 9 by Bendigo 3 Quote Link to post Share on other sites
scotty12 3,176 Posted April 10 Report Share Posted April 10 (edited) 12 hours ago, chartpolski said: I can’t make head nor tail of it , but no doubt some global economists on here will put me right ! LOL ! I got a letter this morning informing my that my bank shares have increased in worth and for the first time in years have paid, albeit a very small, yearly dividend. Im watching the rolling 24 hour news and every few minutes Trump makes another announcement, he’s just increased tariffs on China to 125%, reduced tariffs to the rest of the world to a unified 10%, and then suspended all tariffs, except on China, for 90 days! The markets are going up and down like a yo-yo, more money is going into government stocks and gilts , and into the old favourite, gold ! Its just been announced Wall street shares have jumped 8% ! Looks to an uneducated eye like mine that it’s boiling down to a trade war between America and China ! Who knows…..I hope Trump does ! Cheers. Don't be a panican like the rest of them I've prepared you for this moment trumps now giving power back to Main Street rather than Wall Street long live the king Edited April 10 by scotty12 Quote Link to post Share on other sites
WILF 48,767 Posted April 10 Report Share Posted April 10 I think it’s been amazing watching all the talking heads on the news saying this complicated thing or that complicated thing and seemingly completely unable to figure out what Trumps up to…..and then inferring that because they don’t know it means he don’t know either ! Me as a simple oik thinks it all just looks like good old fashioned carrot & stick ?…….could be wrong and probably am. 2 Quote Link to post Share on other sites
chartpolski 26,160 Posted April 10 Report Share Posted April 10 1 hour ago, scotty12 said: Don't be a panican like the rest of them I've prepared you for this moment trumps now giving power back to Main Street rather than Wall Street long live the king Wall Street bounced back 10% yesterday. All the people who sold high the other day bought back low, making the rich even richer. I won’t panic because at my age it won’t affect me, no mortgage, no debt, enough savings, some other commodities to fall back on, an escape route if the UK continues to accelerate to third world status. It’s the genuine British working classes I feel sorry for. Cheers. 10 Quote Link to post Share on other sites
pesky1972 5,591 Posted April 10 Report Share Posted April 10 14 hours ago, chartpolski said: I can’t make head nor tail of it. The markets are going up and down like a yo-yo I don’t understand any of the intricacy or motivation of what’s going on. What I do know is where there’s chaos there’s cash to be made. I’d expect the ones making the waves, rather than the ones trying to react, will be the ones making the most. In all likelihood poor people across all continents will suffer as a result of the instability and uncertainty of what’s going on.., and by the time it all settles down, the rich will be richer still. 5 Quote Link to post Share on other sites
jukel123 9,064 Posted April 10 Report Share Posted April 10 (edited) 58 minutes ago, pesky1972 said: I don’t understand any of the intricacy or motivation of what’s going on. What I do know is where there’s chaos there’s cash to be made. I’d expect the ones making the waves, rather than the ones trying to react, will be the ones making the most. In all likelihood poor people across all continents will suffer as a result of the instability and uncertainty of what’s going on.., and by the time it all settles down, the rich will be richer still. Yes. Disaster capitalism. Always a good earner for the super rich. No disasters happening? Easily solved. Create a disaster like Trump has just done. Those in the know sold high and then bought back when stocks were low. Simples. Ker_ ching! Wars can be good earners too. The Americans make 60% of the world's armaments, so Ker_ching again. No wonder they are playing hard ball with Nato and insisting more is spent on war preparations. Again It's very good for US business. Edited April 10 by jukel123 Quote Link to post Share on other sites
scotty12 3,176 Posted April 10 Report Share Posted April 10 4 hours ago, chartpolski said: Wall Street bounced back 10% yesterday. All the people who sold high the other day bought back low, making the rich even richer. I won’t panic because at my age it won’t affect me, no mortgage, no debt, enough savings, some other commodities to fall back on, an escape route if the UK continues to accelerate to third world status. It’s the genuine British working classes I feel sorry for. Cheers. Exactly that was the whole point in what happened you can't tell the liberals you have to show them first hand the corruption about how they manipulate it to suit themselves it's another one of their great scams. trump is is destroying the federal reserve, irs and stock exchange and giving the power back to the middle class unfortunately things have got to get worse before they can get better that's just how things work considering the mess we are in. everyone complaining about inflation in the cost of living and he's reversing it and we have front row seats to the show. Quote Link to post Share on other sites
scotty12 3,176 Posted April 10 Report Share Posted April 10 Here's an analogy for the wet wipes crying about their pensions you've got someone whose been an alcoholic for many years and they decide to stop and change their lives. They give up the booze do they instantly all of a sudden feel better ? naw they feel like shit for a while for them to detox Their body's from all the abuse they've caused them selfs before they start feeling great again. The old financial system is over done capeash trump and the military have freed us from slavery, now we are entering a new financial era we are currently in the detox stage where it's gonna feel hard and shit and once we get through that phase everyone will have a much higher standard of life with financial abundance. imagine all the tax you've paid over the years and receiving that back and with interest on top. it's gonna be a level playing field for countries worlds wide no more manipulating currencies and creating cheap Labour for large corporations in poor countries and then charging top dollar in other countries. 1 full family is going to be able to survive on 1 income ie, the father of the house going to work and the mother staying home looking after the kids and at the same time being able to afford buying a house and a car comfortably from one income. all yous f***ing wet wipes crying about trump this trump that pull your big boy pants up and be thankful your life's and your kid and grandkids life's are about to improve 10fold. Quote Link to post Share on other sites
jukel123 9,064 Posted April 10 Report Share Posted April 10 (edited) 55 minutes ago, scotty12 said: Here's an analogy for the wet wipes crying about their pensions you've got someone whose been an alcoholic for many years and they decide to stop and change their lives. They give up the booze do they instantly all of a sudden feel better ? naw they feel like shit for a while for them to detox Their body's from all the abuse they've caused them selfs before they start feeling great9 again. The old financial system is over done capeash trump and the military have freed us from slavery, now we are entering a new financial era we are currently in the detox stage where it's gonna feel hard and shit and once we get through that phase everyone will have a much higher standard of life with financial abundance. imagine all the tax you've paid over the years and receiving that back and with interest on top. it's gonna be a level playing field for countries worlds wide no more manipulating currencies and creating cheap Labour for large corporations in poor countries and then charging top dollar in other countries. 1 full family is going to be able to survive on 1 income ie, the father of the house going to work and the mother staying home looking after the kids and at the same time being able to afford buying a house and a car comfortably from one income. all yous f***ing wet wipes crying about trump this trump that pull your big boy pants up and be thankful your life's and your kid and grandkids life's are about to improve 10fold. Let me know when we reach the sunlit uplands ,where we are all free and life has improved ten fold. I have heard that promise all my long life. Shit today lads but jam tomorrow. It's the same as 'be good and obedient in this world and you will benefit from God's heaven where you will all be rewarded for being poor. People like Trump are interested in ripping us off and becoming richer. It would not enter his head to care about us. Except at election time. Edited April 10 by jukel123 3 Quote Link to post Share on other sites
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