Reply to: What happens when the IMF runs out of money?

[Jog On]

I heard the other day that Jordan and her cage fighter boyfriend who won celebrity BB have both been offered £1M each to get married.

Surely there should be some extra tax due on that to go towards the less fortunate MPs of this world?

Whoops wrong thread

[Mich the Tester]

Invest in an AK-47, 100 boxes of 7.62 x 39mm cartridges and fill your house full of tinned food.

You are AtW and I claim my free Soviet train door handle.

[hyperD]

Invest in an AK-47, 100 boxes of 7.62 x 39mm cartridges and fill your house full of tinned food.

[Mich the Tester]

Seems to have worked pretty well throughout history as a general form of currency

Past performance and all that…

[doodab]

Who does the bailing out then? Or do countries just start defaulting all over the place?

I would expect we get a new world order. Probably a bit of war and famine and hardship as well.

Or everything stays about the same.

[Jog On]

If all the world’s currencies collapse then surely gold won’t be worth much either; it’s not much use. You can’t eat it or drink it. It doesn’t keep you warm in winter. You can’t use it as fertilizer, you can’t burn it.

Seems to have worked pretty well throughout history as a general form of currency

[Platypus]

If all the world’s currencies collapse then surely gold won’t be worth much either; it’s not much use. You can’t eat it or drink it. It doesn’t keep you warm in winter. You can’t use it as fertilizer, you can’t burn it.

Paper money is the way to go: burn it to keep warm, or make a nest to nestle into if cold. Can also be eaten. Rot it into the ground for fertilizer.

Paper money is the future I tell ye, you heard it here first

[Mich the Tester]

Time to buy gold - take delivery of it and hide it under the bed?

If all the world’s currencies collapse then surely gold won’t be worth much either; it’s not much use. You can’t eat it or drink it. It doesn’t keep you warm in winter. You can’t use it as fertilizer, you can’t burn it.

[Jog On]

Time to buy gold - take delivery of it and hide it under the bed?

[Jog On]

WTF, it was looking as if the Pound was going to rise a teensy weensy fraction of a cent today for a change and buck its remorseless pursuit of the x-axis. But it's back to form again now.

That would be the inflation report.

[Doggy Styles]

Who does the bailing out then? Or do countries just start defaulting all over the place?

Nobody, unless we come to a private arrangement with a rich oil nation.

But never forget who engineered our current precarious position. He won't have a clue.

[rootsnall]

The great thing about paper money (not backed by gold) is that if you run out you just "print" some more.

Ask Gordon.

The beauty of the current setup is that all the western govts are printing money at the same time ( and China has to go along with it or it is also in the tulip ) so nobody is being singled out and sent to the IMF. Once one country goes down, will it be bunkers and beans time

[TimberWolf]

WTF, it was looking as if the Pound was going to rise a teensy weensy fraction of a cent today for a change and buck its remorseless pursuit of the x-axis. But it's back to form again now.

[Mich the Tester]

The great thing about paper money (not backed by gold) is that if you run out you just "print" some more.

Ask Gordon.

Worked in Zimbabwe, why not here?

[DimPrawn]

The great thing about paper money (not backed by gold) is that if you run out you just "print" some more.

Ask Gordon.