Seriously doomed

[DimPrawn]

sounds like now would be a good time to:

. have no mortgage and own your house - done

. have no debt - done

. have cash - done

etc

next step, how to achieve that



Milan.

HTH

PS. Where is the self serving, smug bastard emoticon?

[BrilloPad]

Buy what?

my house

[DimPrawn]

my house

I'm selling all my property.

[AlfredJPruffock]

"The extent of de-leveraging involves a wholesale destruction of credit. The risk is that the 'shadow banking system' completely collapses," he said.

For the first time since this Greek tragedy began, I am now really frightened.

Im sinking in the quicksand of my Thoughts -
And I aint got the power - any more

[HRH]

Please tell me the realistic worst case scenario.

[Moscow Mule]

I'm selling all my property.

I'll have one, to save you the bother of leaving it on the market for 18 months just get it valued by 3 independent estate agents, I'll give you 20% of the average valuation. Does that sound fair?

[DimPrawn]

Hence why Gold and Silver are going stratospheric in price.

Banking sector stocks? Good luck. I'll be surprised if any of the banks that exist now exist in 5 years time.

[Moscow Mule]

Please tell me the realistic worst case scenario.

You lose your job. -> You lose you house (can't pay mortgage) -> you become a chav.

[DimPrawn]

Please tell me the realistic worst case scenario.

New Labour get voted back in. It don't get much worse than that.

[milanbenes]

ooops...


http://afp.google.com/article/ALeqM5...QNgHwiboHTlk_A


'Global banking giant [MILAN SAYS CAN YOU GUESS WHICH ONE] said Monday it had to take a massive 17 billion dollar hit on its exposure to the collapsing US housing market and resulting global credit crunch last year but it still managed a record net profit.
'

Milan.