who is terrified?

StevieJ

beaujolais-nouveau wrote: »

What an idiotic thing to say. Please note that, although you have put that in quotes, I never said of it. And I certainly didn't "forget" to add that.

Am I allowed to say: dipstick

Anyway, it is a depression/slump - not a recession.

I take it you have just lost your job, sorry if that is true.

There is an old joke among economists that states: A recession is when your neighbor loses his job.
A depression is when you lose your job.

chucky

mizzbiz wrote: »

Why is it ok for Geoffky to be 'Seriously Alarmed' in another thread, but not for Neas to be 'Terrified' in this one?

Fundamentally, the threads are about the same thing... but the choice of words is being nit-picked.

Just thought i'd point it out.

I'm not seriously alarmed and/or terrified, maybe I have some concerns but not worried - both posts were exaggerated and don't refelct how people fell; just read the thread...

there is no nit-picking at all - the posts are being taken as what they are worth. have you read the rioting in iceland thread? go and defend nit-picking theory on that one.

StevieJ

caveman38 wrote: »

I am worried that if say RBS, LLoyds and Barclays for example were nationalised. would the treasury have the funds to guarantee all the deposits. may sound stupid, maybe I am. can't help but worry about that scenario.
Would deposits (savings) still be safe under those circumstances?

I don't see why not, they can always ratchet up the printing press, not good for inflation though.

domcastro

I was worried but I'm naturally a doom-monger. I'll feel safer once I move into my house (because if things get really bad, the government might compulsory borrow all my savings and give me an IOU)

But, I'm also part excited. I have a liking for pure destruction. Most of us would get through it but as a society we've had it easy for 60 years. Maybe we all need a kick up the jacksie and start to appreciate things. It will be like back in the old days when there was the extended family - a family per bedroom. We'd appreciate every bit of food we ate. We'd cook again and not eat processed stuff. Back to roots (and crime...)

TotallyBroke

StevieJ wrote: »

There is an old joke among economists that states: A recession is when your neighbor loses his job.
A depression is when you lose your job.

Yes and there is a recovery when Gordon Brown loses his job

Bellio

Radiantsoul wrote: »

It is not a great time.

But it is not the Nazi's bombing us.
The rationing and currency crisis of the austerity year.
The four day week of the 1970s.
Or even the 3million unemployed of the 1990s.

I am sure we will get through it.

HMMM Maybe not the 4 day week for you, for others like my family its a little different. Agree with the rest though

mizzbiz

I'm concerned that we have no idea of the scale of the crisis. Hands up anyone who really understands what the scenario would be with a total economic collapse, since that is what all society is based on, not just Western. The collapse of the Roman Empire brought the Dark Ages and everything that went with that.

What really bothers me is the 'it's a global thing' comment, because that doesn't justify it. While the minority saved, the majority blew the free-for-all without ever stopping to ask the bigger question.... where is all this money coming from, where does it sit and wait to be distributed, what happens when the sums get too big and the numbers don't fit on the screen anymore?

Fundamentally, though, it has been government and monetary policy that has caused this. If free cash is thrown at you, most of you take it.. It's the cash-throwers that i take issue with. We did not have to be part of it, the elected government chose to be part of it.

What is most 'terrifying' is that normal people could see the problem, the unsustainability of it all. Why didn't the government, or these great 'economists' that everyone on here is so fond of quoting. Are they incompetent? If so, what are they doing ruling a country? If they couldn't see this coming, then I would take their predictions for 3.5million unemployed with a bucket of salt.

mizzbiz

chucky wrote: »

I'm not seriously alarmed and/or terrified, maybe I have some concerns but not worried - both posts were exaggerated and don't refelct how people fell; just read the thread...

there is no nit-picking at all - the posts are being taken as what they are worth. have you read the rioting in iceland thread? go and defend nit-picking theory on that one.

Who ate your porridge this morning?

chucky

mizzbiz wrote: »

Who ate your porridge this morning?

you did

neas

:eek:

IveSeenTheLight wrote: »

Que sera sera, whatever will be, will be..............

Life will go on, even if there is a dramatic downturn in living conditions due to economic times, we are still by far better of than many areas in the world.

We should be thankful to be lucky enough to be from the UK, instead of some area where there are really some poor living conditions.

Its a time to be humble instead of complaining we are hard done by

or maybe...

http://www.2012endofdays.org/general/2012-end-of-days.php