Thread: London Group
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Old 10-04-2008, 10:42 PM   #75
simple simon
Avalon Senior Member
 
Join Date: Sep 2008
Posts: 13
Default Re: London Group

I do not know what Gordon Brown has been discussing today with the Germans and French, but it might be related to whats going on in the USA with the 700 billion dollar rescue fund (which will soon be found to need much more money... - different issue).

Point is, there has been speculation that the US will declare a one week banking holiday during which time there will be no access to bank accounts and other banking facilities, including plastic cards... I do not know how much this speculation is for real, but it might be worthwhile having a little cash just to be able to buy food, etc.

Speculation also exists as to whether the Argentinian solution to banking woes will be applied in the USA, and possibly other places too. What this wwould do to people's savings is not good.

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sorry that I did not make today's meeting (was I expected?) but I will try to make some future meetings.

Simon
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