Credit Crunch 2.0 SP1

[DimPrawn]

Bank of England plans cash injection move to ensure liquidity | Business

Basically a repeat of 2008/9 on the cards.

And Gordon Brown nowhere to be seen.

Menawhile, in Athens, they are taking the cuts to benefits in a typically Greek way.

[PAH]

More cheap debt.

Sorry savers you're screwed.

Don't worry, spend spend spend. Your kids or their kids will pay it back eventually.

[off to buy a flash car on cheap credit, that will then go up in value as sterling gets printed into oblivion. ]

[doomage]

[off to buy a flash car on cheap credit, that will then go up in value as sterling gets printed into oblivion. ]

ideally you want to buy a car made of gold.

[PAH]

ideally you want to buy a car made of gold.

Good idea. A Subaru Impreza with the gold wheels. Just as crap on the mpg as a solid gold car would be.

[gingerjedi]

Should be spending or saving?

I'm currently on course to be debt free for the first time in my life. I also get a feeling that I should be buying all the shit my heart desires while I still can.

[PAH]

Yep, out of cash and into assets.

Just in time for Christmas. I'm going to have a lot of presents to open.

[Scrag Meister]

I'm currently on course to be debt free for the first time in my life.

Well done its a good feeling, I did it in July 2009 and by November that year had bought a house up in London as well, so it didn't last long.

[PAH]

Well done its a good feeling

It is a good feeling. That's why I fear the corrupt scum in charge will spoil the party and force me back into debt one way of the other.

So, better to burn out your savings than let them fade away.

[DimPrawn]

In other news....


Japan to pay bond holders with gold coins.

Japan’s Gold-for-Bonds Offer Could Boost Return By 5.9 Times - Businessweek


And people here still don't get the gold thing over a bit of paper thing....