2020 Potential Economic Collapse

[jansman]

My boss today said that if we have ‘self isolation’ then it is P 45 time.

[jansman]

Probably negative interest rates will follow soon then?

Time to get your spare cash out and into precious metals or other safe assets while you still can?

Update;
Watching Carney lie through his teeth on live TV. Watch the markets dive tomorrow.

I’d put money into grub. Back in the 2008 crash, many butchers I did business with bought pallets of corned beef ( 6lb cans) as the shelf life was 5 years, at ambient storage and they knew they would easily double their money. They did.!

Bank of England cutting interest rates to £uck all makes a mockery of saving money.

[Arwen Thebard]

"Bank of England cutting interest rates to £uck all makes a mockery of saving money."

You are spot on Jansman and when the interest rates go negative they will simply be taking some of what you have left without asking. Its getting really silly and dangerous out there now.

[Deeps]

"Bank of England cutting interest rates to £uck all makes a mockery of saving money."

You are spot on Jansman and when the interest rates go negative they will simply be taking some of what you have left without asking. Its getting really silly and dangerous out there now.

Think I saw something this morning to the effect that the BOE weren't going to do the negative interest rate stuff but they had other ideas how to push things along the way they wanted. It was all a bit cryptic but what I took was NO negative interest in the UK.

[jansman]

Best putting it into tangible assets. more 12 bore cartridges and .22 shells. And Corned Dog.

[Arwen Thebard]

"Bank of England cutting interest rates to £uck all makes a mockery of saving money."

You are spot on Jansman and when the interest rates go negative they will simply be taking some of what you have left without asking. Its getting really silly and dangerous out there now.

Think I saw something this morning to the effect that the BOE weren't going to do the negative interest rate stuff but they had other ideas how to push things along the way they wanted. It was all a bit cryptic but what I took was NO negative interest in the UK.

Yep, when you hear statements like that expect the opposite. The chancellor also said in his later statement that they would be "adapting to future developments" which covers pretty much anything else. Hope im wrong but......

[jansman]

I will start to go with Precious Metals , but mainly food. And anything long life. The Panic demic has shown what folks run to. Seems to me that the country is headed for tough times.

[Deeps]

Yep, when you hear statements like that expect the opposite. The chancellor also said in his later statement that they would be "adapting to future developments" which covers pretty much anything else. Hope im wrong but......

They can't win then, if Cairney had said that it was something that he was considering would that mean it was something that he wasn't considering ????

It can get a bit "only the true Messiah denies his divinity...." Although I suspect its more a case of having our personal biases and bending things to fit them.

[jansman]

Strikes me that it is a house of cards. That house is only just holding up to the changing winds.

[Yorkshire Andy]

My boss today said that if we have ‘self isolation’ then it is P 45 time.

Make sure you breath on the barsteward and lick his car door handle if you get it