Bank Deposits head across the Irish Sea

Sky News is reporting large movements of Bank Deposits across the Irish Sea where they will now enjoy a two year guarantee from the Irish Government (for all that may soon be worth). In the UK they also state that Northern Rock is receiving an influx of funds, as being owned by the UK Government it effectively has an open-ended tax payer guarantee. It is clearly worth reminding readers of exactly what this blog concluded on that topic over a year ago, on 16th September 2007 to be exact, link here: Ironically the Northern Rock might now possibly be the safest place for your savings at present, sitting as they are on an open-ended commitment from the British taxpayers via the Bank of England, how many more such promises can be made AND honoured? Ironies Too will continue to steer its readers away from these uncharted rocks as best it can, feeding "Brown", "Northern Rock" or "Credit crunch" in the blogs search bar will quickly show how far ahead of the curve we have been! The main point of the blog is to warn of the growing tyranny of the EU and our loss of democracy! We are equally correct on that point, please, please take note - totalitarianism profits from a world slump - remember the thirties and the end result!