Preparedness for when

Frugalsod

GreyQueen wrote: »

I can work a pole lathe (in a rough and ready manner) so can possibly call myself a bodger.

Oh I am a bodger as well but more along the lines of not getting it to work as expected.

COOLTRIKERCHICK

Evening all,

Talking about steam etc

Went to the malvern show today ( won tickets on fb)

And it was great seeing some old steam engines that was used in agriculture and there were loads of f little steam engines too..

Hubby finally let me buy a pair of expensive wellies I have been wanting for ages.. With neoprene lining, natural rubber, and good grip underneath, they are soo comfortable, like a pair of slippers lol

Softstuff

nuatha wrote: »

As far away from Mar as possible - the greater the distance the greater the shelf life.

Mar hope the results are good and nobody takes my advice about long term storage.

Being on the opposite side of the world, I am thinking of opening a jelly baby long term storage facility. So you can start sending them now. Especially the black ones.

armyknife

About to say something controversial:

I don't get the jelly baby love :gasp: :gasp:

Frugalsod

armyknife wrote: »

About to say something controversial:

I don't get the jelly baby love :gasp: :gasp:

You may not appreciate that your comment is as close to heresy as we can tolerate. It is an acquired taste so you are forgiven.

Frugalsod

http://www.theguardian.com/us-news/2015/sep/26/california-drought-conspiracy-theories-geoengineering-climate

The Guardian has noticed something here but it does make you wonder at the sanity of some of the bloggers involved. I have noticed it on a number of video blogs on Youtube. Even some have suggested that the recent explosions in China are a testing of a secret US weapon. Simple incompetence can explain a lot of the causes.

Others are noting that there is a religious element here in terms of the recent stock market crashes. There is a more fundamental reason and that is excessive debt. Look at how weak many companies sales have been over the last few years. Companies particularly in the US have masked this impact through financial engineering and share buybacks which makes the figures look good for a while. You only have to see what has been happening to the situation around you in terms of friends and family to see if things are really improving. Things like empty shops or more charity shops is a sign of local weakness.

nuatha

Softstuff wrote: »

Being on the opposite side of the world, I am thinking of opening a jelly baby long term storage facility. So you can start sending them now. Especially the black ones.

Would customs let them into Oz?
Would a long term storage facility be a nursery (or a school)?

[Deleted User]

Frugalsod wrote: »

Others are noting that there is a religious element here in terms of the recent stock market crashes.
.

There is NO financial stockmarket crash. Please stop scaremongering. The recent downturns are simply very healthy corrections. Some people seem to get great delight in worrying other people needlessly.

People have enough to worry about in getting by from day by day and some people do like to spread their words as though they were fact, which they are most definitely not.

Frugalsod

kittie wrote: »

There is NO financial stockmarket crash. Please stop scaremongering. The recent downturns are simply very healthy corrections. Some people seem to get great delight in worrying other people needlessly.

People have enough to worry about in getting by from day by day and some people do like to spread their words as though they were fact, which they are most definitely not.

The problem is that 1000 point drops in a day are not simple corrections. Yes they have recovered the next day to some extent, though they are still down several thousand points over the last couple of months. There is also significant manipulation in all stock markets, by plunge protection teams to stop such crashes. Governments are using derivatives to buy up the relevant indexes so that there is a price difference between the index and the market. This allows speculators and traders to buy the underlying shares and make profits that way.

When markets are halted for numerous reasons to stop the slide this is a rigged market. Our economies are in a worse shape than in 2008 when you compare all the ratios and yet the market is still overvalued. Unemployment in many places is no longer counted after two years.

Stock market corrections come after a rapid increase but can recover fully. Remember that a crash is now due but like an earthquake it can come at any time and the longer it is allowed to build pressure it will continue to do so. So when it is finally allowed to release all that pent up pressure it is even worse. Companies are valued at price to earnings ratios that are historically only ever seen at the peak of bubbles. Bubbles always burst.

http://www.zerohedge.com/news/2015-09-26/paul-craig-roberts-warns-entire-world-may-go-down-tubes-together

http://www.zerohedge.com/news/2015-09-27/wholesale-money-markets-are-broken-ignore-perverted-swap-spreads-your-own-peril

http://www.zerohedge.com/news/2015-09-27/nothings-safe-passports-burbank-warns-liquidity-everything-being-taken-down

http://www.zerohedge.com/news/2015-09-27/greater-fools-bigger-liars-society-decline

http://www.profitconfidential.com/stock-market/stock-market-crash/

Can I do anything about it? No. All I can do is prepare for what will come. In many ways this is an easier thing to see coming, because all of the causes of the 2008 crisis are still there just papered over. Our banks are just as insolvent now as they were in 2008, why do you think that the main nations have all imposed bail in laws? So tax payers do not get wiped out again bailing out banks.

Personally the longer they can drag this out for the better. It will allow me to clear any debts and to build up my cash balances outside the banking system. Which is why the Andy Haldane of the Bank of England Times called for a ban on cash.

http://www.ft.com/cms/s/0/ffdb3034-610e-11e5-9846-de406ccb37f2.html

fuddle

My issue is that I would like to learn as much as I can in order to make up my own mind but I feel in order to do that I need to know who is noting, what are the facts and are the facts actual facts or an interpretation, how much is opinion or who sponsors the website etc etc.

So many seemingly excellent posts on here I have to just take with a pinch of salt because they are written as fact but I don't have any further information to go investigate myself. It is frustrating.