Originally posted by AtW
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Is the recession over?
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Originally posted by sasguru View PostI'm getting a very smug feeling reading this thread and realising how many good decisons I've made over the years.Comment
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This recession will get a lot more worse when
1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.Vote Corbyn ! Save this country !Comment
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Originally posted by fullyautomatix View Post...
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.
2) Me, but a bit late in the day.
3) Yeah, people that keep their highly paid jobs will do well out of the recession, e.g. doctors.Comment
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Originally posted by fullyautomatix View Post
So who will get out of this alive?
Won't hyper inflation **** over people with savings & no debt?"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
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"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by fullyautomatix View PostThis recession will get a lot more worse when
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.
Permission to enter smug mode sir?
Comment
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Originally posted by fullyautomatix View PostThis recession will get a lot more worse when
1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by fullyautomatix View PostThis recession will get a lot more worse when
1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%
So who will get out of this alive?
1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by HairyArsedBloke View PostThat is inconsistant with 2/3 above.
However, hyperinflation will probably not hit with a bang.
I am suggesting that there will be enough time to move your money into USD/Euro when the tulip hits the fan. You then have enough hard currency to buy goods.
If you have no currency you are now probably having just assets to sell to survive.
Mind you, when hyperinflation hits, everything will be traded in alternative currency, USD/Euro/Gold.Vote Corbyn ! Save this country !Comment
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