Preparedness for when

mardatha

Same here GQ, even I know how to build a dam to catch fish lol

jk0

GreyQueen wrote: »

I haven't yet watched it, assuming it's available over the web? It would be more efficient to weave a fish trap, a tubulular narrowing basket, which could be doing its stuff whilst they were doing other things. Or build a small weir in a stream and hope that the fish would congregate behind it where they would be speared/ scooped out? Or improvise a net?

I expect no one, once they'd agreed to this participate, took the opportunity to read a few books, surf a few websites, or carry out a few experiments?

I do know how to carve a gaff hook from wood and bind it to a stick with the thin whippy roots from conifers so I'd have a go at spear fishing behind a little weir. Apparently, if caught with a gaff hook anywhere near a good fishing river and you run the risk of getting the c*rp beaten out of you by its official guardians. Which suggests it's an effective tool.

Thanks GQ. The programme is here:

http://www.channel5.com/shows/10000-bc/episodes/episode-4-608

They did make fish traps as well but these didn't seem to work either. I begin to wonder if there are any fish in that lake other than Crayfish.

ivyleaf

Welcome, Suzy :hello:

davidsdesire

thank you all for the warm welcome! I already LOVE this place.

Frugalsod

Here is a video that Bob might appreciate.

https://www.youtube.com/embed/LNWjZcbv2uI

Frugalsod

Zero hedge has some interesting news about EU bond spreads for Italy Spain and Portugal. It appears that the bond holders do think that contagion is very real and very possible if Grexit happens.

http://www.zerohedge.com/news/2015-02-11/europes-greek-contagion-update-peripheral-bonds-risk-surges

What is basically happening is that EU Periphery bonds are being sold off and effectively pushing the yield up on the bonds. So they are expecting Spain and Italy to eventually leave the Eurozone as well.

Then it becomes a matter of who holds the bank debts for those countries? It is the usual suspects in France and Germany. Their banks were huge lenders to the periphery and so many of these debts will have been dumped on the German and French tax payers during previous bail outs. So ultimately the poor old French and German tax payer will pay for the mistakes of both the banks, recklessly lending to anyone, and then the politicians who decided to bail out the banks and make the tax payer responsible instead. Now while the pretence that the debts had some value this was not so bad but once Greece defaults and the French and German tax payers have lost €240 billion. What do you think that the voters will do when they lose trillions with the collapse of the loans to the rest of the periphery becomes very real, turning Germany into the new Greece with massive debts well above what they are now?

jk0

Frugalsod wrote: »

Zero hedge has some interesting news about EU bond spreads for Italy Spain and Portugal. It appears that the bond holders do think that contagion is very real and very possible if Grexit happens.

http://www.zerohedge.com/news/2015-02-11/europes-greek-contagion-update-peripheral-bonds-risk-surges

What is basically happening is that EU Periphery bonds are being sold off and effectively pushing the yield up on the bonds. So they are expecting Spain and Italy to eventually leave the Eurozone as well.

Then it becomes a matter of who holds the bank debts for those countries? It is the usual suspects in France and Germany. Their banks were huge lenders to the periphery and so many of these debts will have been dumped on the German and French tax payers during previous bail outs. So ultimately the poor old French and German tax payer will pay for the mistakes of both the banks, recklessly lending to anyone, and then the politicians who decided to bail out the banks and make the tax payer responsible instead. Now while the pretence that the debts had some value this was not so bad but once Greece defaults and the French and German tax payers have lost €240 billion. What do you think that the voters will do when they lose trillions with the collapse of the loans to the rest of the periphery becomes very real, turning Germany into the new Greece with massive debts well above what they are now?

That's interesting. I wonder if this might even spur Germany to leave the Euro first. (Last one out of the taxi, pays the fare. )

maryb

Zero hedge was reporting for a while that Greece has offered a compromise which would keep them in the bailout programme - but the latest headline is flatly contradicting that
http://www.zerohedge.com/news/2015-02-11/futures-eur-surge-report-greek-agreement-reached-principle

Perplexed_Pineapple

That wouldn't work, would it, jk0? In or out of the Euro, the banks would still hold the debt.

Frugalsod

jk0 wrote: »

That's interesting. I wonder if this might even spur Germany to leave the Euro first. (Last one out of the taxi, pays the fare. )

If Germany left first that would mean the new Deutschmark would rise in value significantly possibly as much as 40% just like Switzerland. That would create significant problems for the German exporters and borrowers. If exports fell it could cause a recession in Germany. Also the banks are still the weak link there. They might find that their loans around Europe are 40% more valuable but the ability of their borrowers to repay them will shrink as well. So they might find that good loans elsewhere start to turn bad. If you had a uk mortgage with a german bank in euros and it was then re-denominated into new Deutschmarks which could mean that €100 000 euro mortgage would be then DM100 000 but because of the strong DM it would be worth much more like €140 000 purely because of the revaluation of the currency. So even if you could afford €100 000 could you afford €140 000 overnight?

Ultimately there will be a lot of snags and who suffers will be the issue. Then without the EU membership and the right to work in other countries there could be significant problems with unemployment.