Preparedness for when

happydays89

Just been to tesco and noticed lots of things are "reduced to clear",these are actually on the shelf isles not on the couple of shelves most stores have to sell damaged or near use by dates.
They had jars of apple sauce for 20p,tartare sauce for 25p,hotdogs for 30p,various sauces for 40p a jar.so I have stocked up the store cupboard.Most are dated late 2016.

If you pick up a tesco mag,there is a £1 off voucher for 2ltrs of Arla milk,it's on the fresh milk isle and says it's suitable for children aged 1 to 5.Its just whole milk with a few added vitamins,it's on offer at £1.50 so will only cost 50p,mines dated 5/9.

1Tonsil

I just had this sent to me... http://magicbulletblog.com/homemade-nutella/?utm_source=MBB&utm_medium=Facebook&utm_campaign=HomemadeNutella I would not bother messing about roasting the hazelnuts though, it would be too easy to burn them.

Just giving my new slow cooker a run for its money and its looking good so far. It has a non stick metal inner that you can seal the meat in first by frying, then add to the cooker. Cooking rabbit stiffado, which is rabbit in a reddish sauce with cinnamon and baby onions. It will be for dinner tonight. We had some ice cream and both reacted to it with violent upset tummies last night so taking it easy today. We were also kept up half the night by some visitors to the village who were out of their heads, shouting and battling in the street below us. Half the village locals turned out and the elderly couple next door went to sort them out...her with the sweeping brush and him ready to fight it out for being woken up. They managed to get them to the outside of the village but they came back twice. The villagers will sort them out if they know who they are. But it has left us both tired. We did plan to go to the beach for a picnic, but neither of us want to go out now. They have forecast bad storms tonight and tomorrow, and it feels like we will get them.

I keep getting things sent to me on FB that say there are going to be huge world events in September around the third week. I do hope not, we have booked my sixtieth birthday party and my MIL is coming over to celebrate her ninetieth with us a week later. Has anyone else seen them? Seems to be everything from a meteorite hitting the earth, to aliens and a financial crash coming.

1Tonsil

http://www.dailystar.co.uk/news/latest-news/459487/Migrants-brawl-Kos-Greece
Other things are kicking off as well..
http://www.rt.com/news/312570-north-korea-threats-usa/

http://www.rt.com/news/312572-laden-hamza-individual-attacks/

elona

1 tonsil

I have not heard anything but hope it is not a financial crash as I want to get this house sold and be moved into cheaper, easy to heat and easy to manage bungalow as soon as I can.

Butterfly_Brain

Frugalsod wrote: »

The problem is that a bank bail in will not be independent of problems in the property market. It will first be proceeded by liquidity crunch. When the next credit crunch hits it will first impact ability of people to get mortgages so many pending sales will collapse because of lack of mortgage availability and mortgages are withdrawn. This is what we saw in 2008. So people will have to wait it out in terms of selling or moving.

If things get so bad that there is a bail in then there will be very few housing transactions anyway and these might only be cash purchases.

So if you had sold your property and were waiting to buy another, the only issue is what will happen to your wealth. If you keep it in the bank it could be wiped out in a bail in. Or of you had bought something then it could be reduced in value simply because no one has any money to buy and since property is valued at the margins. So you could gazunder someone for a quick purchase. Even if you bought outright your new purchase could be worth 20% 30% or even 60% less so you would have significant losses either way. Some will proceed anyway because even a 60% loss on property exceeds a 100% loss in a bail-in. Though the same could apply to sellers who might back out rather than accept cash, which could be liable to a bail in.

What I expect is significant credit contraction as debts become unsustainable. This will lead to bank losses and rising bank rates to make up for higher risks even if they are willing to lend to you.

If banks collapse all the credit that they created will be come due so you could see hedge funds buy the debt and force bankruptcies on creditors to liquidate any value in the property. Or you could be asked to remortgage with a different lender and that would be at higher riskier rates.

Only those with significant negative equity could be safe from creditors, as long as they can still pay the mortgage (and keep their jobs). Those will no mortgage outstanding will also be fine even if their homes collapse in value 90%.

They have just cut the banking compensation from £85,000 to £75,000

http://www.bbc.co.uk/news/business-33384284

http://www.telegraph.co.uk/finance/bank-of-england/11715807/Banks-to-cut-protection-on-deposits-to-75000-from-January.html

Karmacat

nuatha wrote: »

Not Safe For Work
In this case a lot of four letter words.

Thanks Nuatha! This was a few pages back, but I haven't been on since then

maryb wrote: »

Germany needs to learn from its history but it is learning from the wrong bit.

This might sound a bit mad, but I'm an amateur historian, and quite a few of my friends are of German origin ... Germans in their 50s and 60s were taught about the Holocaust and WWII when they were in school, in graphic detail from the sound of it, and I think the shame and fear of it all has really distorted their view of German history. One of them said to me, "there's nothing to be proud of in German history". But Charlemagne, Martin Luther, the castles of King Ludwig, the first Green Party in Europe - they're all German, they don't get mentioned, so I think the distorted policies victimising Greece are one of the results of that denial. That needs much more than I'm writing, but this thing about two generations to heal a war must still apply, to teh Germans just as much as everybody else. Trouble is, they think they're over it. And I don't think they are, and they're dumping that on Greece.

I don't mean to offend anyone - I can just see problems piling on problems, and the original problems being forgotten

1Tonsil wrote: »

Half the village locals turned out and the elderly couple next door went to sort them out...her with the sweeping brush and him ready to fight it out for being woken up. They managed to get them to the outside of the village but they came back twice. The villagers will sort them out if they know who they are.

I remember that village attitude when I travelled in Greece in the 1970s

I keep getting things sent to me on FB that say there are going to be huge world events in September around the third week. I do hope not, we have booked my sixtieth birthday party and my MIL is coming over to celebrate her ninetieth with us a week later. Has anyone else seen them? Seems to be everything from a meteorite hitting the earth, to aliens and a financial crash coming.

I keep hearing that - but when I google it to look, all that comes up are a lot of fundamentalist, really *really* funamentalist, Christian websites. I don't *think* its real, but yes, it sounds scary

And we're more or less the same age, on these timescales - my 60th was last December, and my mum's 90th is early next year - I just bought some novelty candles for the cake yesterday :T prepping can mean all sorts of things

1Tonsil

well, the rumours go around every so often and nothing may happen of course. How many times have we been warned about impending doom and nothing happens . I no longer worry about things, but try to be prepared for whatever life may throw at me..

moneyistooshorttomention

Well....we've had warnings of impending doom (from what I can make out from the history books) for the last few centuries at least. Presumably there have always been these warnings.

I tend to think people have always felt/will always feel that way because we are all living in most unsatisfactory bodies (ie they keep going wrong) on "Hell Planet Earth" (to quote one name I've heard used for living here - which I rather tended to agree with...).

Maybe if we had better bodies/better Society/etc then this wouldn't be a Recurring Theme like it is.

1Tonsil

:T

Karmacat wrote: »

Thanks Nuatha! This was a few pages back, but I haven't been on since then


This might sound a bit mad, but I'm an amateur historian, and quite a few of my friends are of German origin ... Germans in their 50s and 60s were taught about the Holocaust and WWII when they were in school, in graphic detail from the sound of it, and I think the shame and fear of it all has really distorted their view of German history. One of them said to me, "there's nothing to be proud of in German history". But Charlemagne, Martin Luther, the castles of King Ludwig, the first Green Party in Europe - they're all German, they don't get mentioned, so I think the distorted policies victimising Greece are one of the results of that denial. That needs much more than I'm writing, but this thing about two generations to heal a war must still apply, to teh Germans just as much as everybody else. Trouble is, they think they're over it. And I don't think they are, and they're dumping that on Greece.

I don't mean to offend anyone - I can just see problems piling on problems, and the original problems being forgotten


I remember that village attitude when I travelled in Greece in the 1970s


I keep hearing that - but when I google it to look, all that comes up are a lot of fundamentalist, really *really* funamentalist, Christian websites. I don't *think* its real, but yes, it sounds scary

And we're more or less the same age, on these timescales - my 60th was last December, and my mum's 90th is early next year - I just bought some novelty candles for the cake yesterday :T prepping can mean all sorts of things

Yes some of the things I count as prepping may not be the norm, but they work for me! I have been working on picking up extra skills, making the right contacts as well as stocking up on things. I have also cut out the negative folks who would be dangerous or a liability in a SHTF situation. If you are in a situation that is bad you need true friends and allies around you.

Frugalsod

1Tonsil wrote: »

I just had this sent to me... http://magicbulletblog.com/homemade-nutella/?utm_source=MBB&utm_medium=Facebook&utm_campaign=HomemadeNutella I would not bother messing about roasting the hazelnuts though, it would be too easy to burn them.

Thanks for that.

1Tonsil wrote: »

Just giving my new slow cooker a run for its money and its looking good so far. It has a non stick metal inner that you can seal the meat in first by frying, then add to the cooker. Cooking rabbit stiffado, which is rabbit in a reddish sauce with cinnamon and baby onions. It will be for dinner tonight. We had some ice cream and both reacted to it with violent upset tummies last night so taking it easy today. We were also kept up half the night by some visitors to the village who were out of their heads, shouting and battling in the street below us. Half the village locals turned out and the elderly couple next door went to sort them out...her with the sweeping brush and him ready to fight it out for being woken up. They managed to get them to the outside of the village but they came back twice. The villagers will sort them out if they know who they are. But it has left us both tired. We did plan to go to the beach for a picnic, but neither of us want to go out now. They have forecast bad storms tonight and tomorrow, and it feels like we will get them.

Possibly drunk tourists. Anyway I hope you get the rest you need.

1Tonsil wrote: »

I keep getting things sent to me on FB that say there are going to be huge world events in September around the third week. I do hope not, we have booked my sixtieth birthday party and my MIL is coming over to celebrate her ninetieth with us a week later. Has anyone else seen them? Seems to be everything from a meteorite hitting the earth, to aliens and a financial crash coming.

Yes I have heard similar crazy rumours. Most are not worth listening to, especially since some are linking the cause as gay marriage. I think a number are using the fact that late September early October are when the big financial crashes happen. I think the asteroid one was supposed to have happened by now, so that is why some are distancing themselves from it.

My personal thought is that the economy is in a worse shape than the official figures suggest. It does not help when you see plenty of economists making incorrect analysis of data. For example the latest is that the Greek economy grew by 0.8% in the second quarter. Now I suspect that there are two factors in that people were rushing through transactions ahead of the referendum and the possible outcome, but after 6 years of recession how much scope is there left for that. The other is that prices fell faster than activity so simple mathematics of subtracting a bigger negative number makes it positive. That I think is the more likely.

In the US it will soon be quarterly reporting season and so the figures could be bad enough to trigger a sell off. Watch out for details of share buy backs and accounting adjustments, especially how many one offs appear to be repeated like bank fines. There could be serious losses in energy companies especially frackers and possible defaults on junk debt. There is $500 billion of this out there. (ie the same size as the sub prime debt that cause the last crisis). Then there could be a big bankruptcy.

Once a few people are noticed exiting the market it could cause a stampede. Which with the non existent liquidity the prices will plummet. There are already complaints that Dodd-Frank restrictions on proprietary trading will be blamed for the next crisis even before it has happened.

Overall though banks are not in great shape and asset values are seriously stretched so while it might not be a US bank that triggers a failure it could be bank losses that cause panics somewhere.