Financial Requirement - Cash Savings - Premium Bonds & SIPP Pension Pot

The CAA removed their carrier permit and no western carrier is overflying Russia to my knowledge.

MMT, it's choice, austerity is a choice made by all governments since 2010, migrant labour we lost a lot of Europeans who were working and paying tax.

Social spending is a choice and the right will never do it, because then they wouldn't be the winners they couldn't feel their natural superiority, all that hard work bullshit that got them their superiority.

Never going to happen until like the US a ridiculous proportion of the population is turned into what they see as feckless losers, they're probably ahead of us on that curve.

But by that time it may well be too late to do anything about it.

In the UK mine arrived last Wednesday as usual and my tax rebate the day after.

You'll get those regularly but I've no idea with what frequency, PhilPensioner will be able to tell you properly.

edit: they're not actually sending a cheque in the post I hope, a few ones and nothings to the bank pronto maybe

Who knows, the US has to refinance 10 trillion dollars of goverment debt in 2026, they're already demanding that their own banking system buys treasuries and I believe that something like 30% of US debt is owned locally in the US anyway and has been for a long time.

Nobody is buying long term US treasuries, it's all short term treasuries because who would trust them for 10 years or 20 years or 30 years and who would trust them to not unilaterally not hold the rest of the world to ransom and convert their entire debt into 100 year bonds.

There is nothing stopping the US government telling the FED to buy all of the outstanding US debt as I've said before, but that will collapse the value of the dollar and every country left holding Dollar denominated treasuries would be f*cked.

There is a huge bubble in private equity (edit: sorry private credit) right now that is waiting to burst and it's not just in the US but it's also in Europe the central banks and large banks appear to have their heads in the sand on this one and no one is hearing about it because the Iran war is saturating the media.

The dollar appears to be strengthening on the back of short term treasuries, people and governments looking for short term safety but none of them really want to be buying US bonds, so will it be a safe haven I very much doubt it, the tarrifs last year were supposed to reduce the value of the dollar make americans poorer which would reduce imports and maybe just maybe result in some reshoring of ****ty manufacturing jobs that the americans are too f*cking stuck up, too feckin mayabang, too fecking superior to actually want to do, which is why those jobs are never coming back no matter how bad things get for them, and who would invest in the US now anyway for manufacturing you can't f*cking trust them over anything.

As Br28016 says the rate is already back up to 1.33 I've been watching it for months now, it strengthens but it always gets weaker again, the reality is that they don't really have any grand plan, the 'government' such as it is seems to be governing by market manipulation to make the people at the top of the government richer, they're ok if they make enough now to survive a 50% cut in the value of the dollar they'll still be rich and they don't f*cking care what they have to do to the rest of the world to acheive that.

For you John, I'd stay in sterling, is your Wise account a UK account, do you have other active UK bank accounts, if your Wise is a UK Wise they offer 2.52% on GBP Balances however for me I set up the option for mine to be invested in shares which is paying 3.23% variable just now, obviously you can move money around to various currenices inside Wise so you can move it and take advantage of currency swings if you wanted but I don't think that's a good idea (I was going to say wise) in the current climate. Personally given the current GBP-PHP rates I don't keep my cash in Wise in GBP I convert at any rate over 80 PHP.

If you are not getting out of the Philippines very soon then given the economic hammer blow that is approaching very quickly you need to have local currency PHP and enough to survive enormous inflation in food prices, at some point I expect there is going to be government controlled rationing, they weren't that negligent during COVID times and did a fairly good job at least in Manila although this is going to be much worse as the energy crisis starts to properly feed through.

Apparently the Philippines has already taken delivery of Russian oil earlier in March I hadn't realised that I guess they will be trying to source more, I'm worried about their jet fuel supplies as I could get stranded late April, something like 73 oil refineries in the Philippines according to the halucinating AIs on the internet, who knows maybe that's accurate or maybe it's made up just asked the question a different way and it says 2 main oil refineries, the point is they use a lot of oil.

Then you have fertilizer apparently 2 million tons imported into the Philippines annually, and 20% of the worlds oil suddenly vanished that's a lot of additional petrochemical byproducts that are not going to be made chemical feedstocks for all kind of industrical processes.

Not to mention the 1/3 of the worlds helium that is not longer being produced, helium and it's importance being a topic that I wrote about on here extensively on here many years ago.

Never mind just keeping the lights on there are thousands of products that are going to become scarce and or incredibly expensive.

I hope the Philippines does the best it can to implement a war time food rationing and distribution system because that's the only way the poor are going to survive, I'm expecting extended family to become an ever bigger burden very soon, I'm reluctant to buy large amounts of rice in advance because I know that granny and Ana's sister will invite the freaking rest of them round to eat when times get hard and I've done enough for them this last 22 years, if I buy extra stocks of rice I'm doing that for my kids, so I won't buy extra and then we won't be able to source any in a few months without government planning and intervention.

The US has lost this war, they lost it on day one when they killed the guy who issued a fattwah against nuclear weapons, Israel can still make it all much much worse as can the US, how many times have you heard Trump say it'll be done in two to three weeks about all kinds of things, COVID was just one tiny example and his rants then, think 'bleach', were as fu*kin insane as what the morons manipulating him are pushing now.

Oh and by the way where I am it's £1.57 a litre for E10 petrol, in Feb it was about £1.28 my tank is full and lasts me 2 months when I'm not trying too hard, I reckon I could last 3 months on a tank even without visiting the Philippines.

The americans they're moaning about an average of $4/gallon gas, what a f*ckin joke (and yeah in some states it's $7 or more)

$4 = £3 quid,
1 US gallon is 3.7854 litre
1 British gallon is 4.546 litre

Their price per litre in GBP is 79 pence and they're f*cking upset about that, yeah we're being taxed more but the freaking goverment is going to need that tax to get us through this ****, ultimately in every country it's the poor that pay and everyone on this forum is in the 'poor' class unless any of you are worth several million pounds. Last time I checked petrol is about 63 PHP per litre in the Philippines which is almost exactly the price in the US.

Petrol is going to probably double in price, I would not be surprised to see £2.5 a litre in six months time in the UK.

Back to the main recurring monthly event in this thread:

100 quid



That's in spite of me selling a few thousand in March.

The P63 I quoted is the usual crappy AI search result, digging deeper price for unleaded in Las Pinas today is P85.4 are you paying 108 for unleaded or diesel? edit: sorry stupid me you already said unleaded.

On the premium bonds, my holding was four grand on April 1st before the win, I've not checked but I think the winning bond was from one of my bigger tranches.

Total win £150 this year.

Is that your LPG gas bottle refill price, we've got 2 tanks but only one is full the other was filled about 2 weeks ago, I've told Janna to get the other one refilled this weekend.

We were around P1200 for an LPG refill hate to think what the next one will cost.

Lasts them about 2 months per refill.

Ah I was wrong the prefix for this months bond win was 543 and I made that £100 investment in June 2023 so that particular purchase gave a one hundred percent return

I only have one largish tranche remaining and that's only £900 out of the £1000 investment at the time as I've sold off all my 1000 quid tranches and 100 of the last one.

UK market going up while the Dow Jones going down and just about everyone else is going down.

And it was going up while the Dow was dropping even after the Dow opened at 2:30 pm UK.

Weird.