Preparedness for when

moneyistooshorttomention

It sounds as if you've made the best decision you can in the circumstances 1Tonsil. As you couldn't take your house equity money out of the country with you anyway - then whats the point in selling it?

We certainly hear it from you here first re the Greek news. More again today - and I've just read an article about the migrants fighting on Kos. It says its down to economic migrants from other countries fighting because the genuine refugees (ie the Syrians) are being put on that ferry and papers processed first.

I have little sympathy for the economic migrants and the Greek authorities made the right decision to put the genuine refugees first.

1Tonsil

moneyistooshorttomention wrote: »

It sounds as if you've made the best decision you can in the circumstances 1Tonsil. As you couldn't take your house equity money out of the country with you anyway - then whats the point in selling it?

We certainly hear it from you here first re the Greek news. More again today - and I've just read an article about the migrants fighting on Kos. It says its down to economic migrants from other countries fighting because the genuine refugees (ie the Syrians) are being put on that ferry and papers processed first.

I have little sympathy for the economic migrants and the Greek authorities made the right decision to put the genuine refugees first.

Yes, I have just been reading a report on the Greek news that there were a number of stone throwing incidents today when they were told that the ship will only take Syrian refugees. From what I understand they said they plan to take the others back to their own countries if they are not from a war zone. The authorities have been put on full alert for trouble as they are getting them on board around midnight tonight.

Meanwhile the weather might just damp things down a bit as there are storms over most of Greece. Locals are saying that they want all the refugees out before the autumn weather sets in, as it will be impossible to sustain them once the tourists leave and the weather sets in. As it is, it looks like we are going to get a break in the hot weather sooner than expected.

On the other hand, it looks like the bail out is going ahead....another day older and deeper in debt as the song goes. I think it will solve nothing, although there is talk of making the banks more efficient and responsible for bad practices here, which would be a good thing. Another good thing is that all deposits will remain untouched and be guaranteed. They are hoping for much of the money that was drawn out in panic will be returned to the banks. In my case they have no chance, I spent it all on paying my mortgage and bills in advance and stocking up on food, fuel and medicine. I still think it was the best option for my cash! In some cases I have already saved money as I stocked up goods that are now 23 percent vat instead of 9 or 13 percent when I bought them, such as toiletries, toilet roll and various canned foods like tuna and beans.

Today is a holy day here...but truly blessed is the unfortunate woman whose car went over a cliff one hundred and fifty meters high in Crete....she survived with minor scrapes and shock!

GreyQueen

The trouble with trying to call the top (or bottom) of the market, or predict a crash, is that there are literally millions of variables in play. One thing I feel very certain of is that once it starts moving, it will happen very very fast, within hours even. There could be life-changing economic disruptions in under a week. A lot of very sensible people in the field of economics seem to believe that we are close to disaster.

I wouldn't be at all surprised if we woke up one morning soon and found that something momentous had happened overnight, in another time zone, and that the music has stopped and the crowd is trying to fight their way onto too-few chairs.

I consider it important to have cash outside the banking system. Small change, small bank notes, and even some seriously big wadges of cash, if you can. And to have secured basic resources like water and shelf-stable food. Regard stuff in the fridge and freezer as potentially lost stuff, and regard money in the bank as potentially lost money. Consider what you would do if the shops were shut and the banks were on indefinate Bank Holiday. What are your essential goods and do you have them on hand?

Also, people who travel internationally, for business or pleasure, need to rehearse what would happen if the airlines cannot buy fuel/ becomes insolvent, stranding them possibly thousands of miles from home. At the very least, you need to have ample medications if you rely on them, and access to cash/ a line of credit and a plan B. You don't want to be flip-flopping around Marbella with a trolley case and a hangover wondering how the heck you will be able to get back to Blighty, never mind being stuck further afield.

Today, I was just living my life. I gardened, hoeing the leeks which I will be eating in winter and spring. I picked blackberries. I bought a new-to-me form of tinned fish to try, to see if it's something I'll add to the stores. I bought t.p. for the first time in 2015, and switched out the new pack for an older one on the Armageddon Shelf (new ones are double-wound on half as many rolls, so more efficient use of space). I added to examples of a regular product to the deep larder, to replace two which were used last week.

I also had a bath and used up the water in one of my 25 litre water carriers. I will refill that this evening, then note in my diary when I will be due to fill it again (3 months' time).

Most of these things are prepperish, but they're just built into my life, not something I do as an oddity. I'm also reading Detlev S Schlichter's Paper Money Collapse (2nd edition 2014) and it's sobering. What's going on in the worlds of banking isn't sustainable and won't be sustained for very much longer. I think we will shortly be seeing something to tell the grandchildren about, unfortunately.

1Tonsil

http://www.grreporter.info/en/piecemeal_and_strings_attached_how_new_programme_tranches_will_be_coming_greece/13136

Pollyjuice

Hi 1Tonsil, that link you posted keeps telling me page not availalbe. Is it just me or has this been taken down?

Keep safe everyone.

nuatha

1Tonsil wrote: »

http://www.grreporter.info/en/piecemeal_and_strings_attached_how_new_programme_tranches_will_be_coming_greece/13136

Pollyjuice wrote: »

Hi 1Tonsil, that link you posted keeps telling me page not availalbe. Is it just me or has this been taken down?

Keep safe everyone.

Try this

Weird, its just done the same to my link. Click on the link, let the page load, look between the "t" and "ranches" of tranches for %20%20, delete that and press enter, the page should load - now working on the hidden link behind the word "this"

It had gained a couple of spaces (%20) in the url.

HTH

Pollyjuice

Thank you nuatha, but that doesn't work for me either. I must have a gremlin in the works. Got 'page not found'.

Got It! It had put in x 20%!!! Thank you.

nuatha

Pollyjuice wrote: »

Thank you nuatha, but that doesn't work for me either. I must have a gremlin in the works. Got 'page not found'.

Got It! It had put in x 20%!!! Thank you.

I've amended my post to get a working link, why it would arbitrarily add spaces to both 1tonsil's and my link, I have no idea, but generally if you have a non working link look for %20 (code for a space) where there shouldn't be one.

Frugalsod

1Tonsil wrote: »

On the other hand, it looks like the bail out is going ahead....another day older and deeper in debt as the song goes. I think it will solve nothing, although there is talk of making the banks more efficient and responsible for bad practices here, which would be a good thing. Another good thing is that all deposits will remain untouched and be guaranteed. They are hoping for much of the money that was drawn out in panic will be returned to the banks. In my case they have no chance, I spent it all on paying my mortgage and bills in advance and stocking up on food, fuel and medicine. I still think it was the best option for my cash! In some cases I have already saved money as I stocked up goods that are now 23 percent vat instead of 9 or 13 percent when I bought them, such as toiletries, toilet roll and various canned foods like tuna and beans.

They are trying to get money in so that the banks will not have to bail in so much of everyones money. With the collapse of the economy since the imposition of capital controls they need money more than ever. What the locals are doing is rational. The banks are insolvent, the new rules on bail in will mean that even depositors could be wiped out entirely. So no I would not put money back in to the banks.

So it looks like you have saved a fortune in tax as well.

greenbee

Bedsit_Bob wrote: »

On all the networks?

At the back of the house, yes. Upstairs at the front I get one of them. Sometimes. Halfway up the road you can get another. Neither has 3G or 4G. Sometimes we get GPRS if we're lucky. Mostly it's a miracle to get a call or SMS through.

GreyQueen wrote: »

Also, people who travel internationally, for business or pleasure, need to rehearse what would happen if the airlines cannot buy fuel/ becomes insolvent, stranding them possibly thousands of miles from home.

I travel so much for business that I never travel very far for holiday. The good thing about business travel is that if there is a problem, work will get me back somehow (e.g. when we had the volcanic ash issue those stuck in Europe were booked on trains or had hire cars organised - those who needed to cross oceans had to wait a bit longer, but there was talk of transatlantic crossings being done by boat, or people flying to areas that were unaffected and then getting home overland). If necessary, they'd transfer to another airline. We're discouraged from using certain airlines due to reliability issues... and I suspect those are the ones that are more likely to have issues.

However, you never know what will happen - so I do always make sure I can manage a few days extra, and I keep in touch with friends and colleagues where I am travelling, just in case I run into problems. I also have 24 hour admin support as well as a global travel service, so there is always someone to help. The same would not apply if I was on holiday...