Anyone getting stocked up on food etc just in case?

Kez100

PasturesNew wrote: »

Go and try it now ... let us know how you get on.

Let some neighbours see you ... then we can look out for the thread in the Arms/Discussion Time of "OMG MY NEIGHBOUR JUST FLASHED ME"

OMG it worked.....now how do I stop it?

PasturesNew

Kez100 wrote: »

OMG it worked.....now how do I stop it?

Well, the annoying thing is, once somebody's quoted you in their reply, you're stuck with having a permanent reminder that you were one of those annoying people that uses these emoticons :P

beaujolais-nouveau

feisty1 wrote: »

Making sure you have up up 6 months income is more of a priority than provisions.............

The fatal flaw in your argument is that it is based on the premise that food prices stay about the same as they are now. But food prices have rocketed in the last year and continue to do so; items increase in price not by 1p or 2p but by 20p or 30p each.

Your six months income, if held in cash, could be worth much less in food terms in a month or two's time.

sb44

Kez100 wrote: »

Is there any way I can turn my pee into petrol?

Give it a try.

treliac

sb44 wrote: »

Give it a try.

And if it doesn't work, you can always lick the windows.

WTF?_2

beaujolais-nouveau wrote: »

The fatal flaw in your argument is that it is based on the premise that food prices stay about the same as they are now. But food prices have rocketed in the last year and continue to do so; items increase in price not by 1p or 2p but by 20p or 30p each.

Your six months income, if held in cash, could be worth much less in food terms in a month or two's time.

There are reasonable grounds to assume that food isn't about to go up in price in the short term and may even fall a bit. Many of the things that pushed the price up so dramatically (expensive oil and shipping) have got much much cheaper of late. Of course, anything imported will have upward price pressure as a result of the recent collapse in the value of the pound so we won't see the full benefit.

However, the notion that it's likely that we'll see a nirvana of super-cheap prices in the wake of deflation is little more than BS. I reckon a lot of 'luxury' stuff is about to go up in price and/or become harder to get. As will the costs of taking an overseas holiday. Food should get a little cheaper, fuel quite a bit so at least the essentials are OK. Mind you, should we suffer unexpected problems with food or oil (some sort of bad harvest or crisis) they could rapidly rocket so we are very much hostages to circumstance now.

Prepare for a lot of people having to adjust their expectations of standard of living downwards. And of course if you lose your job and are carrying lots of debt you are absolutely stuffed.


I wouldn't hold a full six months of savings as actual physical cash at the current time - one month is enough plus the other five in the best instant-access account you can find I reckon.

However, if the economic situation were to worsen with a resurgence of the banking crisis (entirely likely IMO) and the government puts interest rates down even more I would seriously consider withdrawing all my cash and stashing it in a safety deposit box. Better to have 'x' thousand pounds in cold hard cash stored somewhere secure than be owed the same x thousand quid by a bank that may go under with only a pittance in interest to compensate you for the risk.

Icemaiden

Charis wrote: »

http://www.express.co.uk/posts/view/48335/Just-three-days-to-anarchy

I know legend has it that the price of oil is coming down but there could be many, many reasons why 'the system' grinds to a halt. Anarchy, pandemic, disruption of supply lines by Russians, or Afghans, or whoever is least happy with the West this week (and who don't themselves depend on a monthly shop). Or just panic. Panic is the thing that spreads the most quickly and causes the fastest damage. It pays to have at least a week's supply of food - better to be prepared and not need it than to wait for the government to bail us out in an emergency. Does no one else remember the panic buying during the '70's? Apparently the supermarkets no longer have stocks (which they did then)but rely on the supply chain and their own central processing systems.

I love a good panic!

mewbie_2

Icemaiden wrote: »

I love a good panic!

I thanked you, then realised you hadn't typed picnic. Bother.

WTF?_2

Icemaiden wrote: »

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I love a good panic!

Don't panic but if you are going to panic, then panic early.

wymondham

wow, this all seems rather far fetched - interesting though!! Something I've always wondered, since the last petrol shortgage - if you get a jerry can and fill it with fuel, how long does it last? - does it go off???