Don't mention the "RUN" word

[PAH]

Yeah, but found it so hard to escape its grips that it was regarded as an economic pariah until recent times, since when it's been regarded as saviour.

Seems like that's true of debt as a whole. Not that many years ago (particularly for the older generations) getting into debt on credit cards was seen as a fool's errand, and most normal people (i.e. those that have to go to work rather than choose to) saved up before buying new tat.

With the advent of 'cheap' credit most people now see it as an opportunity and a right to amass as much debt as they can get their hands on.

Those in power saw it as an opportunity to reduce living standards (to compete in the global arena) forcing many people to go into debt just to get by. e.g. a few decades ago a family could survive on just one wage, now you need both partners working just to afford the mortgage.

Lots of people sleepwalking through life by the looks of things. No wonder the term sheeple has been bandied about a lot in recent times.

[The_Equalizer]

I'd been thinking about the 'R' word for the last few weeks. I opened a NS&I savings account with a nominal few quid in it on the basis of transferring cash savings there if things start to look a bit funny. Then again, if gets to the point where several banks fall over I think we will have serious problems no matter where cash is.

[TimberWolf]

I'd been thinking about the 'R' word for the last few weeks. I opened a NS&I savings account with a nominal few quid in it on the basis of transferring cash savings there if things start to look a bit funny. Then again, if gets to the point where several banks fall over I think we will have serious problems no matter where cash is.

runny

[The_Equalizer]

I thought I would give this a quick bump. I presume it is now hold on to your hats time:

Mail - Britain draws up emergency plans for collapse of Euro after warnings Italy needs £500bn bailout

Telegraph - Markets pricing in endgame for the euro, warns UBS

[OwlHoot]

I thought I would give this a quick bump. I presume it is now hold on to your hats time:

Mail - Britain draws up emergency plans for collapse of Euro after warnings Italy needs £500bn bailout

Telegraph - Markets pricing in endgame for the euro, warns UBS

One comment on the second article is very likely true

There are going to be a lot of people with pieces of paper saying they own Gold getting very angry soon.

To paraphrase that guy in the Good the Bad and the Ugly, "There are two sorts of people. Those who own gold certificates, and those who dig holes at the bottom of their garden. If you have any sense, you dig".


Wouldn't be the first time gold has been nationalised, basically stolen from its rightful owners by decree

[Doggy Styles]

I thought I would give this a quick bump. I presume it is now hold on to your hats time:

Mail - Britain draws up emergency plans for collapse of Euro after warnings Italy needs £500bn bailout

Telegraph - Markets pricing in endgame for the euro, warns UBS

"Wolfgang Schauble, the German finance minister, said yesterday he was confident that the euro would be saved – and go on to become the most stable currency in the world. "

Phew, so that's all right then.

[NotAllThere]

I think I might pop out at lunchtime and buy a few hundred grams of gold.

[PAH]

Wouldn't be the first time gold has been nationalised, basically stolen from its rightful owners by decree

Watched Goldfinger yesterday ("I'm Pussy Galore", "I must be dreaming" Though it was a bit much killing both of the Masterson sisters, such a waste of talent ) and wondered if this was subliminal, telling you to get into gold while you can.