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Preparedness for when
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I was talking to one of the market stall holders today and he was telling me that he lives on a farm and they use car batteries hooked up to a solar panel with a power inverter to run small items such as mini ovens and kettles, so I think we will have a look at doing that hereBlessed are the cracked for they are the ones that let in the light
C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
Not Buying it 2015!0 -
OK... For even more doom I tuned in half way through an interview with Martin Lewis where he was being asked about the financial crisis. He explained what would happen in the case of a 'financial reset' - a last resort measure. He said all debt would be wiped out - but all savings too. :eek: Great if you have a mortgage etc - not so great if you have been going without for years to pay off your home earler and definitely not good for anyone with savings
That would work really well for us although I could see mass chaos for many. I doubt that they would ever take such serious measures but it is an interesting concept to consider.Taking responsibility one penny at a time!0 -
I reckon if 'they' ever get into deep enough financial dudus 'they' will do whatever it takes and take whatever they want to without a backwards glance, that's politics and finance for you!!! After all, when it's done, what could we the populace actually do about it?0
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Bedsit_Bob wrote: »It's this one, which I got (correction, get 10 of) from the 99p store.
As of now, 110 hours in, it's still producing light. :eek:
And I'm not even using Duracells, just plain old Daewoo "Super Heavy Duty" ones, from the 99p store - 14 in a pack.
Bedsit Bob - Stacks of these lights in the 99p Store in Sc*nthorpe :j and the Daewoo batteries too - after reading your post I just had to buy a couple of the lights and a pack of batteries in readiness for this winter. . . . would have liked to got a few more today but on a tight budget just at the moment (due to large vet bill) so will have to hope that there are some left next week:heartpuls The best things in life aren't things :heartpuls
2017 Grocery challenge £110.00 per week/ £5720 a year
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I'm not going all the way to Lincolnshire, just to buy a few camping lanterns.
BTW. Have you tried one out yet?0 -
Sadly there were none of the lamps in Northampton 99p store but I DID get lots of the batteries! Thankyou Bedsit Bob for mentioning them!
Alice
xxDebts in March 2007:
Loan £24,180 Argos Card £2000 C Card £2000 O/draft £2000 Mortgage £113,000
Debts in Jan 2020:Loan £2900 Sister £0
Argos Card £0 :j C Card £0 O/draft £0 :j
Mortgage £96,000 (finally on a repayment mortgage)
Getting there slowly .....0 -
Apparently, there are two 99p stores in Northampton.
Have you tried them both?0 -
OK... For even more doom I tuned in half way through an interview with Martin Lewis where he was being asked about the financial crisis. He explained what would happen in the case of a 'financial reset' - a last resort measure. He said all debt would be wiped out - but all savings too. :eek: Great if you have a mortgage etc - not so great if you have been going without for years to pay off your home earler and definitely not good for anyone with savings
There seems to be a significant body of opinion, at least on the interwebs, that a global financial reset is inevitable. Seems to be about a 40 year interval of crises and we're about due another.
I cannot see how the Quantative Easing which has been happening in the US and here can be undone in such a way that gives us a soft landing. I think it will be very bad, as in comparable to the Great Depression levels of suffering.
There have been plenty of crises before which have wiped out the wealth of the vast majority of the population of whole countries. Wealth held in tangibles like bricks and mortar, farmland etc can survive, albeit heavily devalued, but wealth held in paper instruments like fiat currency, stocks and bonds is only as good as the confidence in individual companies and soveriegn funds.
One thing is for sure; the majority of people will probably come through the reset alive, but with their personal security in tatters. Your pension fund may well end up a joke.
I was once shown some kind of pre-revolutionary Russian bonds by a curio dealer. They were in immaculate condition, stunningly beautiful engraving. At the time they were purchased about 100 years ago, each of those bonds would have been "worth" a small fortune.
They were carried out of Russia by wealthy people fleeing the Revolution as tangible wealth. Until they were made valueless by actions of the new post-revolutionary regime. And then they were just so much pretty paper.
If the people who had fled had carried jewels or gold or silver or Faberge eggs, they would have had something which couldn't have been rendered worthless at the stroke of a pen by the country they were leaving behind.
As it was, they were stuffed, and their "wealth" evaporated like dew on a summer's morning.Every increased possession loads us with a new weariness.
John Ruskin
Veni, vidi, eradici
(I came, I saw, I kondo'd)
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MrsLurcherwalker wrote: »I reckon if 'they' ever get into deep enough financial dudus 'they' will do whatever it takes and take whatever they want to without a backwards glance, that's politics and finance for you!!! After all, when it's done, what could we the populace actually do about it?
Raise our eyebrows and tut?
Seriously? I think there would be actual riots, I can't imagine people watching their savings being wiped out to counteract others who have spent freely being alleviated of those debts. That is a different thing to a "haircut" on savings accounts.
I work in the building industry, and it is a free for all when a contractor goes bust without paying people for many months - those suppliers and subbies converge on sites trying to get their money back from something - anything. to the point of trying to dismantle the partly built building. if people have their savings raided to counteract others' debts, they will go to some extreme to get something back. Looting shops, nicking your neighbour's car that you know he got on credit that has now been wiped.
Can't see it myself. It would have to be a last resort and there would be many (probably empty) promises for repayment. TIme for pockets in the mattress methinks.I wanna be in the room where it happens0 -
I don't claim to be any kind of financial whizz, I'm just an interested amateur, but I'm blowed if I understand why a reset would wipe out individual indebtedness.
I can see that whole countriies can default on their sovreign debts (take a bow, Argentina) but money private citizens might owe for homes, car loans, other stuff? I could see reposessions of tangible goods as companies try to recoup something, even if that something was pennies on the pound, much as VJsMum describes the clamour of suppliers and subbies at a site. I've encountered similar things in RL so know it happens.
I don't personally have a dog in this fight as I have never had any kind of debt, and such assets as I possess are outside the banking system so good luck with haircutting those, you thieving bankster scum.Every increased possession loads us with a new weariness.
John Ruskin
Veni, vidi, eradici
(I came, I saw, I kondo'd)
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