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12 July 2015, 08:11
The funny thing is, the more I look into the issues caused by a financial meltdown, the less concerned I am. Not in that I don't think it'll be bad. It will be.
The part that I would be concerned about would be if we went like Zimbabwe. Hyper inflation. That would cause rationing and the alike. But even in Zimbabwe, it only really effected the poorer elements of society to start, but it ended up with a 90% or more (can't remember which) unemployment rate. If things even started in that direction, we'd be leaving the UK.
With the Greece thing, not concerned that much. It could come this way, in that we destabilise as a financial power. With our economy being largely based on services, that could very easily be an issue if things did start to go sour. However, being separate from the Euro could well be a saving grace.
The main issue is to keep our head above the water if things do go wrong. To do this we have savings, precious metals, food & water, and ways to produce power. This allows us to pay our bills (mainly taxes and mortgage) eat, drink, and have heat. Very basic, but that's what we're getting ready for. But even this isn't an EOTWAWKI event. It's just times getting really tough.
I truly believe, if it's a major financial collapse, worse than 2007-2008, then if you play it right, you could well come out of it a few years later, much richer than you went in.
The part that I would be concerned about would be if we went like Zimbabwe. Hyper inflation. That would cause rationing and the alike. But even in Zimbabwe, it only really effected the poorer elements of society to start, but it ended up with a 90% or more (can't remember which) unemployment rate. If things even started in that direction, we'd be leaving the UK.
With the Greece thing, not concerned that much. It could come this way, in that we destabilise as a financial power. With our economy being largely based on services, that could very easily be an issue if things did start to go sour. However, being separate from the Euro could well be a saving grace.
The main issue is to keep our head above the water if things do go wrong. To do this we have savings, precious metals, food & water, and ways to produce power. This allows us to pay our bills (mainly taxes and mortgage) eat, drink, and have heat. Very basic, but that's what we're getting ready for. But even this isn't an EOTWAWKI event. It's just times getting really tough.
I truly believe, if it's a major financial collapse, worse than 2007-2008, then if you play it right, you could well come out of it a few years later, much richer than you went in.
Dissent is the highest form of Patriotism - Thomas Jefferson
Those who sacrifice freedom for security deserve neither - Benjamin Franklin
Those who sacrifice freedom for security deserve neither - Benjamin Franklin