YB
BannerBanner

Helpful ReplyAre you prepared if TSHTF with the economy?

Page: 12 > Showing page 1 of 2
Author
Suspirio
Pro-Member
  • Total Posts : 5102
  • Reward points: 7643
  • Joined: 2009/05/21 21:51:58
  • Status: offline
2015/01/13 00:02:33 (permalink)
0

Are you prepared if TSHTF with the economy?

We're spending more than we earn. We do this through borrowing money we cannot afford to pay back. It can't go on forever and eventually the sh1t will hit the fan. Each successive government kicks the can further down the road in the hope that the issue will not blow up on their watch because they know that dealing with this issue head on will not be a vote winner.

If and when TSHTF are you ready to have to live off the land and improvise? Will you be able to protect your nearest and dearest from the looters? Are you prepared for total lawlessness that will make the Tottenham riots look like a dress rehearsal?

Communities no longer exist and we do not look after each other. We have grown soft, selfish and weak by relying on our governments to 'protect' us. When in reality they are lying to us and we are happy to believe those lies because the truth is just too unpleasant to contemplate.

Are you ready for the pain?
#1
Boss Redd
Pro-Member
  • Total Posts : 4453
  • Reward points: 8210
  • Joined: 2008/08/27 12:36:36
  • Status: online
Re: Are you prepared if TSHTF with the economy? 2015/01/13 01:08:07 (permalink)
0
Who is it that we borrow money from? I never understand that part. Who are we in debt to?

I do a lot of push ups and sit ups. And I drink plenty of milk.

#2
Bookerman
Pro-Member
  • Total Posts : 5661
  • Reward points: 13756
  • Joined: 2002/02/10 00:06:53
  • Location: United Kingdom
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 01:19:26 (permalink)
0
China, if not them we print it and devalue our own money. And all the while the masses stumble about oblivious.

"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." -   George Orwell
#3
Suspirio
Pro-Member
  • Total Posts : 5102
  • Reward points: 7643
  • Joined: 2009/05/21 21:51:58
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 01:24:38 (permalink)
0
The likes of us aren't really supposed to know. The short answer is we borrow from the markets which means nothing to the average man in the street. Here's a good article about how the 'New' Labour party were instrumental in bringing this situation about.

http://www.spectator.co.u...ked-the-nations-books/
post edited by Suspirio - 2015/01/13 01:25:39
#4
dazzz
Pro-Member
  • Total Posts : 10349
  • Reward points: 9905
  • Joined: 2006/03/15 10:00:30
  • Location: mids
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 02:05:29 (permalink)
0
Well i keep hold of an air rifle for when the zombie apocalypse comes, so if it gets close to the economy getting that bad I'll buy the kit to make it into a Fire arms certificate rifle and be eating a **** load of rabbit

  




 
#5
westbelfastguy
Pro-Member
  • Total Posts : 5110
  • Reward points: 7533
  • Joined: 2009/07/10 21:25:28
  • Location: Belfast
  • Status: offline
Re: 2015/01/13 06:22:30 (permalink)
0
My only debt is my mortgage. I pretty much live within my means. I had a credit card but hated debt so got rid of it
#6
dementia
Pro-Member
  • Total Posts : 5074
  • Reward points: 11636
  • Joined: 2005/01/06 19:52:41
  • Location: Cambs
  • Status: offline
Re: 2015/01/13 07:42:09 (permalink)
0
All of the worlds monetary problems are  down to the Labour party? Its global not just us.







Life's journey is not to arrive at the grave safely in a well preserved body... but rather to skid in sideways, totally
worn out, shouting
Holy ****... What a ride!!"    
#7
Uriel
Pro-Member
  • Total Posts : 5046
  • Reward points: 4403
  • Joined: 2013/01/20 20:48:48
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 08:12:09 (permalink)
0
Boss Redd
Who is it that we borrow money from? I never understand that part. Who are we in debt to?


The whole modern capitalist economy works with credit money from commercial banks. Money that technically doesn't even exist, the banks just create it as needed. And the State itself has to get its money, ultimately, from the commercial banks, with interest of course. So we are continuously borrowing "virtual" money to buy our stuff and pay the interest on our previous loan of "virtual money". It doesn't take an economist or mathematician to know that taking a loan to pay off a loan doesn't really work in the long run, interest adds up and the deficit increases with each new loan.
 
The system is faulty to its very core and no amount of austerity will fix it. We need a new one.
post edited by Uriel - 2015/01/13 08:14:50
#8
Rasputin
Pro-Member
  • Total Posts : 10189
  • Reward points: 10583
  • Joined: 2006/06/01 15:35:42
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 08:16:25 (permalink)
0
No

Ra Ra Rasputin lover of the Russian Queen, Ra Ra Ra Rasputin Russia's greatest love machine (Allegedly)
#9
stinking_dylan
Pro-Member
  • Total Posts : 3048
  • Reward points: 8937
  • Joined: 2006/01/25 15:10:09
  • Location: Cardiff
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 08:29:38 (permalink)
0
There will be no meltdown.  We may see rationing.  Communities are just fine, no different from when I was a kid, we just remember them different.  Not sure what it's like in you're part of the UK, but Wales has plenty of strong communities who help each other out.
 
One of the things I think we really need to start doing is buying our produce from local providers rather than buying the cheap imported rubbish from the super markets.  Even when in the supermarket you can buy British organic and free range (higher profit margin for the farmer), and if they don't have any, then complain and don't buy the rubbish they have on the shelves.
 
The food may be a bit more expensive, but that's what you're priority should be.  I know some people genuinely struggle financially, but so many complain that they can't afford decent food by posting it on facebook using their iPhone...
 
IMO, by buying cheap produce you're part of the problem.  Sorry, for the slight derailling...

Lifter, runner and founder of nuutrii, a free recipe analyses tool for athletes.
#10
Boss Redd
Pro-Member
  • Total Posts : 4453
  • Reward points: 8210
  • Joined: 2008/08/27 12:36:36
  • Status: online
Re: Are you prepared if TSHTF with the economy? 2015/01/13 08:33:51 (permalink)
0
What would happen if debt was cancelled across the world (or even just the UK)? I know something like that will never happen, but would the result be that bad?

I do a lot of push ups and sit ups. And I drink plenty of milk.

#11
Uriel
Pro-Member
  • Total Posts : 5046
  • Reward points: 4403
  • Joined: 2013/01/20 20:48:48
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 09:16:55 (permalink)
0
Depends on the debt. If we're talking about the national debt to major banks, I imagine it would be bad for the capitalist elite. Not too bad because even if they lose all their investments they still have millions in savings and offshore accounts, they won't exactly go hungry.
 
The problem is the debt directly to market. The state buys goods and services from private companies just like you and me, if it simply decided not to pay a lot of them would go bankrupt. It would also make it very hard for the state to buy the goods and services it needs in the future, because who in their right minds would make a sale to someone they know doesn't pay?
 
Also if the debts of private companies to the banks were written off it would set a very negative precedent, that it's OK to borrow money and not pay it back. Just like the companies not selling to a state that doesn't pay for it, the banks would also stop loaning money to the private sector. This is already happening to an extent, and it's making it very difficult for a lot of people to set up their business. The truth is credit has been grossly misused but it is necessary for the economy to grow at an appreciable rate, because the vast majority of the population just don't have the money to start their business from the ground up. This is especially true for large industrial operations, that require millions in starting investment but then also create millions in profit and create hundreds of jobs that benefit the whole economy.
post edited by Uriel - 2015/01/13 09:21:03
#12
wolverine83
Pro-Member
  • Total Posts : 2032
  • Reward points: 3937
  • Joined: 2011/08/08 11:56:48
  • Status: offline
Re: 2015/01/13 09:26:42 (permalink)
0
westbelfastguy
My only debt is my mortgage. I pretty much live within my means. I had a credit card but hated debt so got rid of it



Sort of the same as me, I have a credit card but I generally pay it off each month except if I've put big purchases on e.g. holidays, even then it's paid asap. I don't think I could ever be one of those people who has thousands of pounds of debt hanging over their head all the time, it must be suffocating.
#13
doc
Pro-Member
  • Total Posts : 6183
  • Reward points: 13386
  • Joined: 2001/09/21 11:37:55
  • Location: United Kingdom
  • Status: online
Re: Are you prepared if TSHTF with the economy? 2015/01/13 09:44:52 (permalink)
0
Boss Redd
What would happen if debt was cancelled across the world (or even just the UK)? I know something like that will never happen, but would the result be that bad?


That is what is happening , just slowly , each year they tell us the economy is growing yet our standards of living get worse , savers get no interest ( some countries have negative interest rates ( and some have confiscated savings to bailout the banks , the country borrowed real savings backed by assets and and labour and now is trying to pay us back with confetti , its just takes a while for people to realise , but the S had already HTF , we are just circling the drain.
 
the problem for people who think there only debt is a mortgage , is whilst it might be and at the moment you are being bailed out by low interest rates is that any gain on your mortgage will be wiped out by the growing food and energy costs , which will hit most of us .
 
#14
Uriel
Pro-Member
  • Total Posts : 5046
  • Reward points: 4403
  • Joined: 2013/01/20 20:48:48
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 09:59:11 (permalink)
0
The problem affects the whole economy, people who think they're safe because they don't have credits to pay off are fooling themselves.
 
We've only been dealing with the tip of the iceberg and yet the effects are already profound in terms of tax raises, lower salaries and less jobs. You may have no credits at all and still be ****ed by seeing your salary frozen while taxes keep climbing and climbing and basic goods and services keep getting more and more expensive, or you could end up losing your job and not be able to find a new one (or have to settle for one that pays far less).
 
Even if your only credit is for your house, in the last decade some people have seen the cost double or triple because of the climbing Euribor.
 
We're ****ed. And the younger you are the more ****ed.
 
You're only really safe if you've got so much money saved up you don't need to worry about working at all. Even then only if that money is stashed away somewhere the government can't get it's greedy paws on it.
post edited by Uriel - 2015/01/13 10:00:25
#15
ANIMAL
Pro-Member
  • Total Posts : 11671
  • Reward points: 7811
  • Joined: 2009/09/06 10:51:59
  • Location: South
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 10:21:57 (permalink)☄ Helpfulby robert123 2015/01/24 12:57:37
0
When the price of milk is cheaper than water, you know something is not quite right...

Squat 220kg(3) - Bench 200Kg - Deadlift 250kg - Strict Press 130kg - Push Press 140kg
"Strength is Never a Weakness" 
 
#16
NotForTheWeak
Olympian Member
  • Total Posts : 779
  • Reward points: 3231
  • Joined: 2014/02/06 21:31:07
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 10:24:15 (permalink)
0
Not everyone is in debt though
 
probably best if you learn to speak Chinese 
#17
NotForTheWeak
Olympian Member
  • Total Posts : 779
  • Reward points: 3231
  • Joined: 2014/02/06 21:31:07
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 10:24:38 (permalink)
0
*animal*
When the price of milk is cheaper than water, you know something is not quite right...



yeah, the lord cannot turn milk to wine
#18
wolverine83
Pro-Member
  • Total Posts : 2032
  • Reward points: 3937
  • Joined: 2011/08/08 11:56:48
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 10:46:23 (permalink)
0
doc
the problem for people who think there only debt is a mortgage , is whilst it might be and at the moment you are being bailed out by low interest rates is that any gain on your mortgage will be wiped out by the growing food and energy costs , which will hit most of us .



But I still won't have lots of other debts with high interest rates to pay off, so what's your point?
#19
WGBM
Pro-Member
  • Total Posts : 4483
  • Reward points: 10535
  • Joined: 2004/03/23 15:13:42
  • Location: purgatory
  • Status: offline
Re: Are you prepared if TSHTF with the economy? 2015/01/13 12:21:12 (permalink)
0
dazzz
Well i keep hold of an air rifle for when the zombie apocalypse comes, so if it gets close to the economy getting that bad I'll buy the kit to make it into a Fire arms certificate rifle and be eating a **** load of rabbit



good thinking , I have a sharp knife for when robots take over the world......

The only way to discover the limits of the possible is to go beyond them into the impossible. Arthur C. Clarke
#20
Page: 12 > Showing page 1 of 2
Jump to:
©2018 All content is copyright of MuscleTalk.co.uk and its use elsewhere is prohibited.
(posting guidelines | privacy | advertise | earnings disclaimer | contact us | supported by)
© 2018 APG vNext Commercial Version 5.5