We're next

smeagold

Darthvader wrote: »

What can be done to prepare accordingly?

Depends on your situation. Personally I think if you have money in shares or commodities you should move to cash, short term, and wait to see what happens in Europe. If Europe crashes the markets will crash, (highly unlikely), but if, once the markets have crashed you can buy shares and commods at discount in the general panic. If the EU monetises, which I suspect they will, just buy global commods and shares, . Once that is over, either way, and the EU has stabilised the markets will look around for the next weak target. Thats the UK. As Mr walyatt maintains the UK gov will defend gilts through QE ,ie monetisation, that means serious inflation in the UK, hedge against inflation through commods and alt currencies. If your not trading on the markets learn how to grow your own food and repair your own clothes as the UK is immensly vunerable. We have no ECB or FED backstop. Get mentally prepared for a decade of poverty and figure out your own ways to survive high inflation and unemployment, hell Mr Osborne is warning us of 6 years of pain so you can bet it will be far worse. Only a fool, and there are many on this site, expect that all will be well. Stay informed and be creative.

purch

the issuance of EU bonds, ie monetisation of debt

How is the issuance of EU Bonds in any way a monetisation of debts ?

Darthvader

smeagold wrote: »

Depends on your situation. Personally I think if you have money in shares or commodities you should move to cash, short term, and wait to see what happens in Europe. If Europe crashes the markets will crash, (highly unlikely), but if, once the markets have crashed you can buy shares and commods at discount in the general panic. If the EU monetises, which I suspect they will, just buy global commods and shares, . Once that is over, either way, and the EU has stabilised the markets will look around for the next weak target. Thats the UK. As Mr walyatt maintains the UK gov will defend gilts through QE ,ie monetisation, that means serious inflation in the UK, hedge against inflation through commods and alt currencies. If your not trading on the markets learn how to grow your own food and repair your own clothes as the UK is immensly vunerable. We have no ECB or FED backstop. Get mentally prepared for a decade of poverty and figure out your own ways to survive high inflation and unemployment, hell Mr Osborne is warning us of 6 years of pain so you can bet it will be far worse. Only a fool, and there are many on this site, expect that all will be well. Stay informed and be creative.

Thanks for answering me. I am not a fool and do not think all will be well, but I wonder if you are a little alarmist. I am not trading markets for the very reason that no one really knows what will happen, everything is so unstable. The rules can change at any moment.

The UK and USA are standing shoulder to shoulder and are the leading world power at this time. This is why the UK will never leave the USA and get into bed with Europe.

Growing your own food is great but here in the UK food price inflation will never get above the cost of the average person going hungry. Yes hard times are coming and many will not be able to continue their quality of life, but veg will always be affordable.

I do not see why you said get into cash even in the short term. I agree to get out of stocks until the market stabalises. What do you mean " hedge against inflation through commods and alt currencies"? Are not all currencies in free fall racing each other to the bottom?

grizzly1911

Or you could just live one day at a time - there is no more wealth than life someone said.

The issues are far bigger than the average Joe can mitigate.

Cleaver

Darthvader wrote: »

I wonder if you are a little alarmist.

Saying that smeagold is a bit alarmist is a bit like saying that you feel that the Pope might be a wee bit catholic.

Flight2quality

Cleaver wrote: »

Saying that smeagold is a bit alarmist is a bit like saying that you feel that the Pope might be a wee bit catholic.

Before a major crisis the alarmists are hero's.

Blacklight

I'm Brian and so's my wife.

thescouselander

The UK is the most indebted nation in the world at 496% debt

Really? How did they work that out then? What about assets? Its a big number but I'm not sure it means much.

bendix

I'm going to invest in lizard food. I'm prepared and I'm creative.

lilac_lady

You can't eat money, gold or silver.