Greg-Nissan wrote:We started saving money at home when we were looking for a car. We used to have it in the builing society but they wanted notice b4 withdrawls, and i thougt what's the point? its earning so little intrest and i have to wait to get it out, so just keep enough for DDs in the bank now. Good point about ATMs going out in a power failiure. Didn't think of that, Ideally I'd like to start saving in metal for the future e.g gold and silver coins low value for small purchases etc. as I think paper money will soon be worthless. We could be heading for a Weimar republic rampant inflation senario. I can really see this comming as "quantative easing" is just another term for inflationary printing of cash. I heard that the money the state gave to the bank wasn't lent out to business but turned into gold instead. Thats why there were so many "turn your unwanted jewelry into cash" adverts. Guess who it was behind the ads? it was the banks. They know whats comming and they are doing some prepping of their own.
Deflation is a bigger risk to any economy than inflation, QE is basically designed to stimulate the economy and prevent deflation. You're right about the first round of QE though, it didn't reach the small and medium sized bussiness. There's a rumour that the next round of QE will be in the form of direct injection to the working population via spending on public works and the like.
Roosevelt measures then. That "Public Works " thing worked fairly well in the 30's. But ww2 REALLY made it work.
What I am saying is ,the economy is screwedbecause there are too many people- not enough to go round.
Conscription sorted the population 'problem' in the past.
In three words I can sum up everything I have learned about life: It goes on.
Robert Frost.
Covid 19: After that level of weirdness ,any situation is certainly possible.
I keep some cash in my BOB and edc, mostly as I don't trust people with my card, even when I'm at a cash point I give it a little pull and check for hidden cameras as the Easton European gangs like to put fake fronts on them.
As for gold/silver I see it as useful for a collapse of the pound, but unless you are going to a precious metal dealer, its fairly worthless as no one on the street besides a extremely select handful, knows anything about precious metals. Weight of gold/silver is easy enough to check, but purity on the other hand is not, any markings can be faked, and that is even if they know what the markings mean.
Greg-Nissan wrote:We started saving money at home when we were looking for a car. We used to have it in the builing society but they wanted notice b4 withdrawls, and i thougt what's the point? its earning so little intrest and i have to wait to get it out, so just keep enough for DDs in the bank now. Good point about ATMs going out in a power failiure. Didn't think of that, Ideally I'd like to start saving in metal for the future e.g gold and silver coins low value for small purchases etc. as I think paper money will soon be worthless. We could be heading for a Weimar republic rampant inflation senario. I can really see this comming as "quantative easing" is just another term for inflationary printing of cash. I heard that the money the state gave to the bank wasn't lent out to business but turned into gold instead. Thats why there were so many "turn your unwanted jewelry into cash" adverts. Guess who it was behind the ads? it was the banks. They know whats comming and they are doing some prepping of their own.
Deflation is a bigger risk to any economy than inflation, QE is basically designed to stimulate the economy and prevent deflation. You're right about the first round of QE though, it didn't reach the small and medium sized bussiness. There's a rumour that the next round of QE will be in the form of direct injection to the working population via spending on public works and the like.
Roosevelt measures then. That "Public Works " thing worked fairly well in the 30's. But ww2 REALLY made it work.
What I am saying is ,the economy is screwedbecause there are too many people- not enough to go round.
Conscription sorted the population 'problem' in the past.
You're right about too many people not enough resources, I don't fancy WW3 to redress the ballance though, nor the black death mark 2.
Vespa wrote:
I don't fancy WW3 to redress the ballance though, nor the black death mark 2.
oh i dont know though!! WW3 will be a nuclear war and it'll be all over in about 4 minutes!!. the black death at its height only killed about 30% of the population!!
Greg-Nissan wrote:We started saving money at home when we were looking for a car. We used to have it in the builing society but they wanted notice b4 withdrawls, and i thougt what's the point? its earning so little intrest and i have to wait to get it out, so just keep enough for DDs in the bank now. Good point about ATMs going out in a power failiure. Didn't think of that, Ideally I'd like to start saving in metal for the future e.g gold and silver coins low value for small purchases etc. as I think paper money will soon be worthless. We could be heading for a Weimar republic rampant inflation senario. I can really see this comming as "quantative easing" is just another term for inflationary printing of cash. I heard that the money the state gave to the bank wasn't lent out to business but turned into gold instead. Thats why there were so many "turn your unwanted jewelry into cash" adverts. Guess who it was behind the ads? it was the banks. They know whats comming and they are doing some prepping of their own.
Deflation is a bigger risk to any economy than inflation, QE is basically designed to stimulate the economy and prevent deflation. You're right about the first round of QE though, it didn't reach the small and medium sized bussiness. There's a rumour that the next round of QE will be in the form of direct injection to the working population via spending on public works and the like.
Roosevelt measures then. That "Public Works " thing worked fairly well in the 30's. But ww2 REALLY made it work.
What I am saying is ,the economy is screwedbecause there are too many people- not enough to go round.
Conscription sorted the population 'problem' in the past.
As the old advice goes, if WW2 made anything work economically then let's just mobilise as if for war and then destroy all the equipment. In truth, FDR was a disaster for the US, a man who deepened and entrenched the Depression. It lasted until 1945/6, when the government (finally) slashed taxes and spending and allowed the economy to work. In 1946-48 the federal government cut spending by 75 per cent. That's real austerity and a genuine retreat of society-killing government. The result was the great, post-war US boom.
Vespa wrote:
I don't fancy WW3 to redress the ballance though, nor the black death mark 2.
oh i dont know though!! WW3 will be a nuclear war and it'll be all over in about 4 minutes!!. the black death at its height only killed about 30% of the population!!
The Black Death had the added advantage of killing off the Feudal system too, so with that in mind I'll pencil in the last two weeks of May. Give me time to get to Morrissons
Vespa wrote:
I don't fancy WW3 to redress the ballance though, nor the black death mark 2.
oh i dont know though!! WW3 will be a nuclear war and it'll be all over in about 4 minutes!!. the black death at its height only killed about 30% of the population!!
The Black Death had the added advantage of killing off the Feudal system too, so with that in mind I'll pencil in the last two weeks of May. Give me time to get to Morrissons
maybe Black Death mark 2 will kill off the Political system this time!! as someone said( on another forum) maybe we can be alive and left alone....that would be my wish!!
bulldogeagle wrote:maybe Black Death mark 2 will kill off the Political system this time!! as someone said( on another forum) maybe we can be alive and left alone....that would be my wish!!
The political elite will never be kiled off, people are looking out for their safety in disasters. Incase of a bomb im sure they have a secure under ground bunkers somewhere. For a deadly pandemic im sure they will get all the good drugs and be isolated from the general public. What ever they dictate to be money after its over will indeed be money.
bulldogeagle wrote:maybe Black Death mark 2 will kill off the Political system this time!! as someone said( on another forum) maybe we can be alive and left alone....that would be my wish!!
The political elite will never be kiled off, people are looking out for their safety in disasters. Incase of a bomb im sure they have a secure under ground bunkers somewhere. For a deadly pandemic im sure they will get all the good drugs and be isolated from the general public. What ever they dictate to be money after its over will indeed be money.
not if there isnt enough of the ordinary people left alive to make that monetary system work it wont.
bulldogeagle wrote:maybe Black Death mark 2 will kill off the Political system this time!! as someone said( on another forum) maybe we can be alive and left alone....that would be my wish!!
The political elite will never be kiled off, people are looking out for their safety in disasters. Incase of a bomb im sure they have a secure under ground bunkers somewhere. For a deadly pandemic im sure they will get all the good drugs and be isolated from the general public. What ever they dictate to be money after its over will indeed be money.
not if there isnt enough of the ordinary people left alive to make that monetary system work it wont.
There will always be people who will do what the goverment tells them to do, some people just blindly follow authority.
Like the exsperiment where people thought they were electrocuting people to death but carrid on because some one in a lab coat told them to do so.
