Rampent Posted October 5, 2011 Share Posted October 5, 2011 No joke! Go google! The economy is ready to fail. Worst than we could ever imagine. All the big time boffins state so. Our Goverments are papering over the cracks. Europe is only days away from becoming a major skint zone. No more bail outs, no more cash. This time next year, many of us will be eating beans and toast. MEGA FACT. Are you really ready for the fall out? Or keep sticking your heads in the sand and keep watching 42inch tellys? Opines? Link to comment Share on other sites More sharing options...
Anna B Posted October 5, 2011 Share Posted October 5, 2011 Upon what do you base this opinion? Link to comment Share on other sites More sharing options...
chem1st Posted October 5, 2011 Share Posted October 5, 2011 Bank balance 0 Cash readies sufficient. Land to grow food upon - problem/developing Worry for my elderly family members on fixed income = high. The inflation genie is wreaking havoc! Link to comment Share on other sites More sharing options...
Vague_Boy Posted October 5, 2011 Share Posted October 5, 2011 Upon what do you base this opinion? The three basic types of people: Those who take action. Those who watch while the action takes place. Those who wonder what just happened. I fear most SF forum members are clearly in the last category. This from The Guardian Tinkering on the brink Those seeking an explanation for why the global economy is tinkering on the brink of a second collapse need look no further. Squeezed wages, booming personal fortunes and idle corporate surpluses are a recipe neither for economic vitality nor recovery but for a sustained crisis. LINK Or how about Financial crisis has world teetering on the brink – welcome to the new normal Welcome to the new normal. Billions of pounds were wiped off the value of shares in London on Tuesday 4 October. Dexia, a bank jointly owned by the French and the Belgians, teetered on the brink of collapse. One of the main barometers of Wall Street sentiment slid into bear-market territory. An emergency press conference called by Greece's finance minister was delayed because the building was being picketed by civil servants. LINK Also from The Guardian. Or Even Goldman Sachs Now Expects A Tremendous Financial Collapse Goldman Sachs (GS) is doing it again: telling the public that everything is going to be just fine, but meanwhile advising their top clients to bet on a huge financial collapse. On August 16, a 54-page report by Goldman strategist Alan Brazil was distributed to institutional clients. The general public was not intended to see this report. Fortunately, some folks over at The Wall Street Journal got their hands on a copy and have filled us in on some of the details. It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering. LINK I suspect most people on here are more clued up about the fictional characters in their favourite soaps than they are about the events that are shortly going to reshape their lives forever. As I've said before, welcome to "beans on toast Britain". Your stay will be a long and miserable one. Link to comment Share on other sites More sharing options...
upinwath Posted October 5, 2011 Share Posted October 5, 2011 The European crash is well on the way and will likely come when Greece defaults. If not this month, probably in the next two or three. Islamic banking is far less prone to the stupidity of the world's markets then the other major banks with the exception of HSBC. Link to comment Share on other sites More sharing options...
I1L2T3 Posted October 5, 2011 Share Posted October 5, 2011 What am I going to do? Stock up on beans. Link to comment Share on other sites More sharing options...
GrapeApe Posted October 5, 2011 Share Posted October 5, 2011 No joke! Go google! This time next year, many of us will be eating beans and toast. MEGA FACT. Where are you going to get the bread from? Link to comment Share on other sites More sharing options...
love_rat Posted October 5, 2011 Share Posted October 5, 2011 This collapse, or hard economic times do not worry me. They don't worry me in the slightest, Because I was a failure during the boom years SO I can't see my life chaging Link to comment Share on other sites More sharing options...
love_rat Posted October 5, 2011 Share Posted October 5, 2011 What am I going to do? Stock up on beans. So you will be farting then during the collapse? Well light entertainment/humour is sometimes the best way forward Link to comment Share on other sites More sharing options...
upinwath Posted October 5, 2011 Share Posted October 5, 2011 What am I going to do? Stock up on beans. May I suggest adding toilet paper and air freshener to that list? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.