Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Full Version: Are You Ready?
Man, this is CGNAO on steroids!
Cgnao I think if that happened, the only protection that would be worth anything would be a gun.
QUOTE (cgnao @ Mar 26 2008, 12:26 PM) 
Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
What's got you worried Cgnao? I know thigns in general are going to Hell in a handbasket but have you heard something new?
Why? Are we on the brink of nuclear war? Is a meteor about to strike the planet?
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
What has brought this on. Is it something specific (please share) or something generic similar to what you have been saying all along
Lets hope it does happen.
At least then we'll all be able to move into huge houses, simply by displacing the occupants with force. Who is going to stop us?
At least then we'll all be able to move into huge houses, simply by displacing the occupants with force. Who is going to stop us?
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
What, no poll this week? Aww
So deflation (of the population) it is then
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Ooooh, you are a little tease Cgnao.....
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Think I am crazy?
100% Guaranteed.
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
I've got half my money in cash buried in a box in the garden. Half is in Euros, half in Sterling. Box is watertight and wrapped in half a dozen plastic bags. It's under a paving stone so not obvious where it is buried.
The other half is in gold in bullion vault.
I've got a thousand tins each of baked beans, chick peas and garden peas in the garage. Two hundredweight of spuds too. I've got two years worth of firewood and we can cook on the log burner.
Am I protected?
QUOTE (loafer @ Mar 26 2008, 12:40 PM)
100% Guaranteed.
You'll be laughing on the other side of your face when everything he says comes true.
I await further news from the master.
QUOTE (Lets' get it right @ Mar 26 2008, 12:41 PM)
You'll be laughing on the other side of your face when everything he says comes true.
I await further news from the master.
I await further news from the master.
No chance.
The guy has all but admitted he's receiving treatment and is on mental health drugs.
Why you guy's listen to him, I have no idea!
He talks in riddles, just Mystic Meg...but at least her "predictions" are a bit of fun.
QUOTE (Lets' get it right @ Mar 26 2008, 12:40 PM)
I've got half my money in cash buried in a box in the garden. Half is in Euros, half in Sterling. Box is watertight and wrapped in half a dozen plastic bags. It's under a paving stone so not obvious where it is buried.
The other half is in gold in bullion vault.
I've got a thousand tins each of baked beans, chick peas and garden peas in the garage. Two hundredweight of spuds too. I've got two years worth of firewood and we can cook on the log burner.
Am I protected?
The other half is in gold in bullion vault.
I've got a thousand tins each of baked beans, chick peas and garden peas in the garage. Two hundredweight of spuds too. I've got two years worth of firewood and we can cook on the log burner.
Am I protected?
Have you factored in the risk of developing amnesia and forgetting where you buried your stash?
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Stop being hysterical!
Not really. I reckon Cgnao is correct. There has been growing rumours that capital exchange controls would be introduced if the economy keeps bouncing around like it has been.
How would this affect you?
- Limits on foreign currency transactions
- Limits on cross border transactions
- Limits and controls on precious metals and other commodities
- Limits on cash transfers and withdrawals?
Fact is no one knows......but the fact that people are starting to look in that direction is worrying.
How would this affect you?
- Limits on foreign currency transactions
- Limits on cross border transactions
- Limits and controls on precious metals and other commodities
- Limits on cash transfers and withdrawals?
Fact is no one knows......but the fact that people are starting to look in that direction is worrying.
QUOTE (Lets' get it right @ Mar 26 2008, 12:40 PM)
I've got half my money in cash buried in a box in the garden. Half is in Euros, half in Sterling. Box is watertight and wrapped in half a dozen plastic bags. It's under a paving stone so not obvious where it is buried.
The other half is in gold in bullion vault.
I've got a thousand tins each of baked beans, chick peas and garden peas in the garage. Two hundredweight of spuds too. I've got two years worth of firewood and we can cook on the log burner.
Am I protected?
The other half is in gold in bullion vault.
I've got a thousand tins each of baked beans, chick peas and garden peas in the garage. Two hundredweight of spuds too. I've got two years worth of firewood and we can cook on the log burner.
Am I protected?
No! Not with that amount of gas near a log burner.
QUOTE (loafer @ Mar 26 2008, 12:44 PM)
The guy has all but admitted he's receiving treatment and is on mental health drugs.
WHERE has the master admitted that - UNBELIEVER! Do NOT DISS the PROPHET!
QUOTE (Minesapint @ Mar 26 2008, 12:52 PM)
No! Not with that amount of gas near a log burner.
I've thought of that. Working on a big bag to contain recycled waste gases. Hoping to have enough to run a pipe to the cooker now and then.
Why do you folks suppose Cgnao uses a cryptic style of communication where his pronouncments are shouded in the language of riddles. This has been the favoured approach of so-called prophets throughout history. It means they don't have to actually back anything up
Guess what, we are living in world that is on an economic edge at the moment. Don't need a prophet for that little gem do we.
There are three ways it could go
1) Massive deflationary implosion of the monetary supply and a re-run of the 1930s on steriods.
2) Massive stagflationary scenareo that makes the 1970s look like a walk in the park whereby the economy contracts due to old fashioned recession. However, this is massively compounded by rising prices of commodities due to a speculative bull run on these (as investors run away from shares), inflation of the money supply by dumb central banks and also due to the physical fact of diminishing supplies of oil, gas etc.
3) We get any of the above (1 or 2) but at a much less severe level that many fear and we come out of it in two or three years relatively unscathed.
My own personal view is that we will get (2) in the first instance, followed by (1) further down the line and that an easy exit is not possible.
However, this is just my view. That's all. I could go on to provide the logical reasoning behind my view. But I am sure you have rehearsed all of the above yourself already.
So, Cgnao seems to favour scenareo (2). Well he may be right. Or, he may be wrong. Time will tell. There is nothing in what he says, though, that indicates in any way that he is privy to some sort of information that the rest of are not. If he is, then he should come clean and tell us what it is.
Well Cgnao, what do you know?
I wont hold my breath
Steve
Guess what, we are living in world that is on an economic edge at the moment. Don't need a prophet for that little gem do we.
There are three ways it could go
1) Massive deflationary implosion of the monetary supply and a re-run of the 1930s on steriods.
2) Massive stagflationary scenareo that makes the 1970s look like a walk in the park whereby the economy contracts due to old fashioned recession. However, this is massively compounded by rising prices of commodities due to a speculative bull run on these (as investors run away from shares), inflation of the money supply by dumb central banks and also due to the physical fact of diminishing supplies of oil, gas etc.
3) We get any of the above (1 or 2) but at a much less severe level that many fear and we come out of it in two or three years relatively unscathed.
My own personal view is that we will get (2) in the first instance, followed by (1) further down the line and that an easy exit is not possible.
However, this is just my view. That's all. I could go on to provide the logical reasoning behind my view. But I am sure you have rehearsed all of the above yourself already.
So, Cgnao seems to favour scenareo (2). Well he may be right. Or, he may be wrong. Time will tell. There is nothing in what he says, though, that indicates in any way that he is privy to some sort of information that the rest of are not. If he is, then he should come clean and tell us what it is.
Well Cgnao, what do you know?
I wont hold my breath
Steve
Having said that........I can't see Sterling being devalued by 90%.........we would simply join the Euro. Job done.
QUOTE (thefinalbear @ Mar 26 2008, 12:48 PM)
There has been growing rumours that capital exchange controls would be introduced if the economy keeps bouncing around like it has been.
Where? Can you provide a link to any rumours that we are about to turn the clock back and go into full protectionist lock down mode? Not easy when you are no longer self-sufficient.
I don't think CGNAO is being hysterical as it wouldn't take an awful lot of disruption to bring down our highly complex economy. Think of all the chaos in the world and ask yourself why that wouldn't happen here (obviously I mean again, as my parents got to live through WW2).
Realistically there is very little anyone can do as we are all little cogs in a big machine. I doubt if 1% of the population could even feed themselves without supermarkets.
We have a long way to go before we have complete chaos, but I do think we are in for a very bumpy ride. Whilst the so-called experts keep talking about how the financial meltdown will not effect the real economy, I can't help but think that the UK has a big problem as we have no real economy, we are 90% service industry. We cannot survive long by selling each other expensive coffee, or houses for that matter.
Realistically there is very little anyone can do as we are all little cogs in a big machine. I doubt if 1% of the population could even feed themselves without supermarkets.
We have a long way to go before we have complete chaos, but I do think we are in for a very bumpy ride. Whilst the so-called experts keep talking about how the financial meltdown will not effect the real economy, I can't help but think that the UK has a big problem as we have no real economy, we are 90% service industry. We cannot survive long by selling each other expensive coffee, or houses for that matter.
QUOTE (Steve Cook @ Mar 26 2008, 12:55 PM)
Why do you folks suppose Cgnao uses a crptic style of communication where his pronnouncments are shouded in the language of rissles.
Good idea. Must get some rissoles to go with my beans.
QUOTE (Lets' get it right @ Mar 26 2008, 12:52 PM)
WHERE has the master admitted that - UNBELIEVER! Do NOT DISS the PROPHET!
Ha ha - very funny! I thought you were being serious there for a moment!
Actually, it's just occurred to me...
...Cgano is David Icke and I claim my £5.
QUOTE (abaxas @ Mar 26 2008, 12:32 PM)
Lets hope it does happen.
At least then we'll all be able to move into huge houses, simply by displacing the occupants with force. Who is going to stop us?
At least then we'll all be able to move into huge houses, simply by displacing the occupants with force. Who is going to stop us?
me and smith and wesson.....
QUOTE
Massive Stagflationary scenareo that makes the 1970s look like a walk in the park whereby tthe economy contracts due to old fashioned recession. however, thjis is compounded by rising prices of commodities due to a specualtive bull run on these and also the physical facts of diminishing supplies fo oil, gas atc.
I'm with you............but I'm betting that we'll have massively higher interest rates, higher than anyone now thinks. Think 9-15%. We make nothing. We import everything. So we've got to attract foreign capital somehow. And traditionally we have done that by jacking up rates. The BOE can do what it like with IR's but real interest rates are going to be much higher for much longer.
QUOTE
Where? Can you provide a link to any rumours that we are about to turn the clock back and go into full protectionist lock down mode? Not easy when you are no longer self-sufficient.
http://news.goldseek.com/GoldForecaster/1148270340.php
http://www.inveslogic.com/sectors/directory/goldseek/910101
http://www.goldseek.com/email/index.php?ac...;nl=&mi=790
even bullionvault does not dismisss the possibility..........
http://goldnews.bullionvault.com/gold_curr...trols_100620072
QUOTE (Lets' get it right @ Mar 26 2008, 12:56 PM)
Good idea. Must get some rissoles to go with my beans.
Ha Ha, That made me laugh.
QUOTE (thefinalbear @ Mar 26 2008, 12:59 PM)
I'm with you............but I'm betting that we'll have massively higher interest rates, higher than anyone now thinks. Think 9-15%. We make nothing. We import everything. So we've got to attract foreign capital somehow. And traditionally we have done that by jacking up rates. The BOE can do what it like with IR's but real interest rates are going to be much higher for much longer.
I agree with this
I think that an "extended bank holiday" is unlikely and that we're more likely to adopt the Euro at the earliest opportunity. Accordingly I've started panic buying Werther's Originals. The new "gold".
Wiki:
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.
Common foreign exchange controls include:
* Banning the use of foreign currency within the country
* Banning locals from possessing foreign currency
* Restricting currency exchange to government-approved exchangers
* Fixed exchange rates
* Restrictions on the amount of currency that may be imported or exported
Countries with foreign exchange controls are also known as "Article 14 countries," after the provision in the International Monetary Fund agreement allowing exchange controls for transitional economies.
[edit] Countries with foreign exchange controls
(list very incomplete)
* Argentina
* Bahamas [1]
* Brazil [2]
* Egypt
* People's Republic of China
* Cuba
* India
* Libya
* Malaysia
* South Africa [3]
* Venezuela
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.
Common foreign exchange controls include:
* Banning the use of foreign currency within the country
* Banning locals from possessing foreign currency
* Restricting currency exchange to government-approved exchangers
* Fixed exchange rates
* Restrictions on the amount of currency that may be imported or exported
Countries with foreign exchange controls are also known as "Article 14 countries," after the provision in the International Monetary Fund agreement allowing exchange controls for transitional economies.
[edit] Countries with foreign exchange controls
(list very incomplete)
* Argentina
* Bahamas [1]
* Brazil [2]
* Egypt
* People's Republic of China
* Cuba
* India
* Libya
* Malaysia
* South Africa [3]
* Venezuela
QUOTE (thefinalbear @ Mar 26 2008, 12:59 PM)
I'm with you............but I'm betting that we'll have massively higher interest rates, higher than anyone now thinks. Think 9-15%. We make nothing. We import everything. So we've got to attract foreign capital somehow. And traditionally we have done that by jacking up rates. The BOE can do what it like with IR's but real interest rates are going to be much higher for much longer.
i know im a little clueless, but can someone tell me how we pay a return of 15% on foreign money put into sterling ?
how do we make that income when the cuty cant sell crud packets of debt around town anymore ?
all very well having the rate, but i cant see how it would be funded.
QUOTE (SMAC67 @ Mar 26 2008, 12:55 PM)
I don't think CGNAO is being hysterical as it wouldn't take an awful lot of disruption to bring down our highly complex economy. Think of all the chaos in the world and ask yourself why that wouldn't happen here (obviously I mean again, as my parents got to live through WW2).
Realistically there is very little anyone can do as we are all little cogs in a big machine. I doubt if 1% of the population could even feed themselves without supermarkets.
We have a long way to go before we have complete chaos, but I do think we are in for a very bumpy ride. Whilst the so-called experts keep talking about how the financial meltdown will not effect the real economy, I can't help but think that the UK has a big problem as we have no real economy, we are 90% service industry. We cannot survive long by selling each other expensive coffee, or houses for that matter.
Realistically there is very little anyone can do as we are all little cogs in a big machine. I doubt if 1% of the population could even feed themselves without supermarkets.
We have a long way to go before we have complete chaos, but I do think we are in for a very bumpy ride. Whilst the so-called experts keep talking about how the financial meltdown will not effect the real economy, I can't help but think that the UK has a big problem as we have no real economy, we are 90% service industry. We cannot survive long by selling each other expensive coffee, or houses for that matter.
Funnily enough, I don't think the contemplation of such a scenareo is hysterical either. What bugs the hell out of me, though, is that he makes his pronouncements as if he is privy to a special source of information that no-one else is.
B*ll*cks
QUOTE
i know im a little clueless, but can someone tell me how we pay a return of 15% on foreign money put into sterling ?
how do we make that income when the cuty cant sell crud packets of debt around town anymore ?
how do we make that income when the cuty cant sell crud packets of debt around town anymore ?
That is going to be a problem..........given that there are no creditworthy borrowers anymore. I vote that we bring the IVA period down to 3 years (in line with the Scottish Trust Deed), and release people from bankruptcy within 3 months.
I would also ensure that mortgages are only secured on property and not on a borrowers entire assets - like America - this seems much fairer.
That might get the wheels turning again,
Oh, I have a plan for such a scenario. It's the same one I have for an invasion of Space Monkeys On Pleasure Bent, and the coverage of Britain in an eight foot layer of suds in accordance with the Northern European Foam Party Directive. It's a pretty simple plan. Basically, I plan to be very surprised, riot a bit, then either starve to death \ suffocate under a layer of foam (but... wahey... foam party!) \ get fondled by monkeys.
Hmm. I see a pattern emerging here.
QUOTE (thefinalbear @ Mar 26 2008, 01:02 PM)
http://news.goldseek.com/GoldForecaster/1148270340.php
http://www.inveslogic.com/sectors/directory/goldseek/910101
http://www.goldseek.com/email/index.php?ac...;nl=&mi=790
even bullionvault does not dismisss the possibility..........
http://goldnews.bullionvault.com/gold_curr...trols_100620072
http://www.inveslogic.com/sectors/directory/goldseek/910101
http://www.goldseek.com/email/index.php?ac...;nl=&mi=790
even bullionvault does not dismisss the possibility..........
http://goldnews.bullionvault.com/gold_curr...trols_100620072
Hmm. I see a pattern emerging here.
Oh yeah.......and scrub debt from credit records with 3 years. Moral Hazard be damned.
QUOTE
Oh, I have a plan for such a scenario. It's the same one I have for an invasion of Space Monkeys On Pleasure Bent, and the coverage of Britain in an eight foot layer of suds in accordance with the Northern European Foam Party Directive. It's a pretty simple plan. Basically, I plan to be very surprised, riot a bit, then either starve to death \ suffocate under a layer of foam (but... wahey... foam party!) \ get fondled by monkeys.
Also my plan - minus the monkeys.
QUOTE (Lets' get it right @ Mar 26 2008, 12:40 PM)
I've got a thousand tins each of baked beans, chick peas and garden peas in the garage. Two hundredweight of spuds too.
Am I protected?
Am I protected?
From a methane shortage, certainly.
"A one-year investigation and analysis of 235 countries by Jane's Information Services has put the UK joint seventh in the premier league of nations with the US at 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th. "
http://www.timesonline.co.uk/tol/news/worl...icle3617160.ece
phew!
http://www.timesonline.co.uk/tol/news/worl...icle3617160.ece
phew!
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
In exactly the scenario you suggest ? Can't say I'd be overly put out.
Well Jane's is slightly biased being in the UK. I'm sure the Swiss would have an issue with being 17th.
QUOTE (thefinalbear @ Mar 26 2008, 01:05 PM)
Wiki:
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.
Common foreign exchange controls include:
* Banning the use of foreign currency within the country
* Banning locals from possessing foreign currency
* Restricting currency exchange to government-approved exchangers
* Fixed exchange rates
* Restrictions on the amount of currency that may be imported or exported
Countries with foreign exchange controls are also known as "Article 14 countries," after the provision in the International Monetary Fund agreement allowing exchange controls for transitional economies.
[edit] Countries with foreign exchange controls
(list very incomplete)
* Argentina
* Bahamas [1]
* Brazil [2]
* Egypt
* People's Republic of China
* Cuba
* India
* Libya
* Malaysia
* South Africa [3]
* Venezuela
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.
Common foreign exchange controls include:
* Banning the use of foreign currency within the country
* Banning locals from possessing foreign currency
* Restricting currency exchange to government-approved exchangers
* Fixed exchange rates
* Restrictions on the amount of currency that may be imported or exported
Countries with foreign exchange controls are also known as "Article 14 countries," after the provision in the International Monetary Fund agreement allowing exchange controls for transitional economies.
[edit] Countries with foreign exchange controls
(list very incomplete)
* Argentina
* Bahamas [1]
* Brazil [2]
* Egypt
* People's Republic of China
* Cuba
* India
* Libya
* Malaysia
* South Africa [3]
* Venezuela
you need to add Zimbabwe to the list
QUOTE (loafer @ Mar 26 2008, 12:44 PM)
No chance.
The guy has all but admitted he's receiving treatment and is on mental health drugs.
Why you guy's listen to him, I have no idea!
He talks in riddles, just Mystic Meg...but at least her "predictions" are a bit of fun.
The guy has all but admitted he's receiving treatment and is on mental health drugs.
Why you guy's listen to him, I have no idea!
He talks in riddles, just Mystic Meg...but at least her "predictions" are a bit of fun.
So Russia didn't go into meltdown in the 1980's or Germany in 1940's or America in 1928 ?
It's fiction and whats happening in Zimbarwi could never happen here and what about south africa , veniswalia ?
We are breaking new gound by the time we get a run on a bank and HBOS is far from over.
Would you like to bet your life on this guy being wrong or do you think it's just possible that we are seeing a major changes when we hear about bank runs and HBOS paying 9.25% to borrow money and that the £bn's being spent from our taxes to prop up the banks is normal banking activity.
The crash has hardly started so why are you so sure you know just how fast or far it's going to go
D
Dont buy it.. the site and op is in danger of becoming a laughing stock to be honest. Every day is a black day and every day house prices will crash according to some of the wild posts that are being put up at the moment.
Yes there is big trouble on the horizon, yes there will be a correction in the housing market and yes home ownership is about to become a thing of the past but these yahoo style prophecies need more "substance" or rather evidence to back up its claims, getting bored now. What I will say is that the British economy looks like it is being managed down.... looks rather suspicious and add to that the recent increase in interst/development of nuclear power... clearly things are going on that we simply do not know about.
Time to show your hand Cgnao and I am more than happy to eat a slice of kiplings humble pie.
Yes there is big trouble on the horizon, yes there will be a correction in the housing market and yes home ownership is about to become a thing of the past but these yahoo style prophecies need more "substance" or rather evidence to back up its claims, getting bored now. What I will say is that the British economy looks like it is being managed down.... looks rather suspicious and add to that the recent increase in interst/development of nuclear power... clearly things are going on that we simply do not know about.
Time to show your hand Cgnao and I am more than happy to eat a slice of kiplings humble pie.
QUOTE (Justice @ Mar 26 2008, 01:27 PM)
So Russia didn't go into meltdown in the 1980's or Germany in 1940's or America in 1928 ?
It's fiction and whats happening in Zimbarwi could never happen here and what about south africa , veniswalia ?
We are breaking new gound by the time we get a run on a bank and HBOS is far from over.
Would you like to bet your life on this guy being wrong or do you think it's just possible that we are seeing a major changes when we hear about bank runs and HBOS paying 9.25% to borrow money and that the £bn's being spent from our taxes to prop up the banks is normal banking activity.
The crash has hardly started so why are you so sure you know just how fast or far it's going to go
D
It's fiction and whats happening in Zimbarwi could never happen here and what about south africa , veniswalia ?
We are breaking new gound by the time we get a run on a bank and HBOS is far from over.
Would you like to bet your life on this guy being wrong or do you think it's just possible that we are seeing a major changes when we hear about bank runs and HBOS paying 9.25% to borrow money and that the £bn's being spent from our taxes to prop up the banks is normal banking activity.
The crash has hardly started so why are you so sure you know just how fast or far it's going to go
D
Ahhh...the classic response of the nutter - "you can't deny it could never happen ergo it will happen."
Well sorry, but last time I checked Russia had a rapidly growing economy, the US was a superpower and Gemany was the largest economy in Europe.
Now, I'm not denying all those have had some crises over the years, but FFS, calm down, it's not arma-bloody-geddon.
I'm just fed up of people on here talking rubbish and winding each other up into frenzies, until they are literally frothing at the mouth.
I joined the forum to talk about House Prices, but it seems get regularly hi-jacked.
*yawn*
this guy's an idiot.
people need to get out more.
this guy's an idiot.
people need to get out more.
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Have you put your financial house in order?
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.
How would you cope? What would you do?
Think I am crazy? I do hope I am.
Protect yourselves.
Cgnao is this you???
http://www.youtube.com/watch?v=AUQr_iiLYs4...feature=related
QUOTE (cgnao @ Mar 26 2008, 12:26 PM)
Suppose an emergency bank holiday is declared. After two weeks, banks re-open
Extra holiday!!! Sounds good to me!
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