It's time to plan for economic disaster

[DimPrawn]

My preferred option in such a scenario is to go live in a 3rd world London slum for the 10 years or so it will take to sort out.

So you're hiding under the bed then?

[d000hg]

Having thought all I can about what's happening.

Hardly a cerebral tour de force.

[DimPrawn]

Having thought and read all I can about what's happening, I believe that we are sitting on a bomb whose fuse has been lit. There is nothing anyone can realistically do to extinguish this fuse.
I really hope I am wrong but I think it is time to plan for the worst while hoping for the best.
Options are:
(1) Having loads of cash in non-European currency (but not Yen) and a non-European bank - I think US dollars are safe enough for the present.
(2) Gold, but you must make sure it's real gold and not gold options

That will do for now. I shall make it so.

I can picture you now, thinking about this all you can....

[AtW]

BTW why did you leave Russia in 1998 at the time that anyone with a brain was making a fortune there?

August 1998 brought default of Russian Govt who fecked over its bond holders, in addition exchange rate of USD vs Ruble gone up 4 times in a matter of weeks, after that banks failed and people lost money they had.

The kind of people who kept on making fortunes there are the ones I prefer to be as far away from me as possible, which is part of the reason I do not live in London.

[TimberWolf]

I wonder what emergency plans are in place in the event of economic collapse. The UK needs to import food form somewhere. Maybe ask spurned buddies such as New Zealand for some sheep? In return for, erm, financial services?

[doodab]

The problem is that I'm beginning to understand that no European country is safe, not even Germany and especially not Switzerland.

And not the UK either, of course. Although I think our banks are probably in slightly better shape having borne the brunt of the first round of ****ery.

[AtW]

August 1998 brought default of Russian Govt who fecked over its bond holders, in addition exchange rate of USD vs Ruble gone up 4 times in a matter of weeks, after that banks failed and people lost money they had.

The kind of people who kept on making fortunes there are the ones I prefer to be as far away from me as possible, which is part of the reason I do not live in London.

P.S. At the time I worked for a bank ...

[AtW]

The UK needs to import food form somewhere.

Round up bankers from the City and turn them into peasants in sunny Scotland?

[TimberWolf]

3rd world countries would be dodgy places to hole up I expect, unless they are net food producers without agriculture based on oil. Cuba? I once read New Zealand was one of the safest places in the event of the world going bang.

I'd be half tempted to take a flight somewhere warm and not too crowded, such as Ibiza. I know a cove where fish take food out of your hand, so hopefully would take kindly to a hook too, and it's not too cold at night.

[TimberWolf]

Ambrosia tinned rice.

Sorted.

Don't forget to buy a can opener.

Almost any canned food is okay as it's already been cooked.

You 'can' open cans by rubbing the end on concrete, quickly exposing the welded seam, but a ring-pull is even easier.