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Credit Crunch 2.0 SP1

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    Credit Crunch 2.0 SP1

    Bank of England plans cash injection move to ensure liquidity | Business

    Basically a repeat of 2008/9 on the cards.

    And Gordon Brown nowhere to be seen.

    Menawhile, in Athens, they are taking the cuts to benefits in a typically Greek way.


    #2
    More cheap debt.

    Sorry savers you're screwed.

    Don't worry, spend spend spend. Your kids or their kids will pay it back eventually.

    [off to buy a flash car on cheap credit, that will then go up in value as sterling gets printed into oblivion. ]
    Feist - 1234. One camera, one take, no editing. Superb. How they did it
    Feist - I Feel It All
    Feist - The Bad In Each Other (Later With Jools Holland)

    Comment


      #3
      Originally posted by PAH View Post

      [off to buy a flash car on cheap credit, that will then go up in value as sterling gets printed into oblivion. ]
      ideally you want to buy a car made of gold.
      Keeping calm. Keeping invoicing.

      Comment


        #4
        Originally posted by doomage View Post
        ideally you want to buy a car made of gold.

        Good idea. A Subaru Impreza with the gold wheels. Just as crap on the mpg as a solid gold car would be.
        Feist - 1234. One camera, one take, no editing. Superb. How they did it
        Feist - I Feel It All
        Feist - The Bad In Each Other (Later With Jools Holland)

        Comment


          #5
          Should be spending or saving?

          I'm currently on course to be debt free for the first time in my life. I also get a feeling that I should be buying all the shit my heart desires while I still can.
          Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

          Comment


            #6
            Yep, out of cash and into assets.

            Just in time for Christmas. I'm going to have a lot of presents to open.
            Feist - 1234. One camera, one take, no editing. Superb. How they did it
            Feist - I Feel It All
            Feist - The Bad In Each Other (Later With Jools Holland)

            Comment


              #7
              Originally posted by gingerjedi View Post
              I'm currently on course to be debt free for the first time in my life.
              Well done its a good feeling, I did it in July 2009 and by November that year had bought a house up in London as well, so it didn't last long.
              Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.

              Comment


                #8
                Originally posted by Scrag Meister View Post
                Well done its a good feeling
                It is a good feeling. That's why I fear the corrupt scum in charge will spoil the party and force me back into debt one way of the other.

                So, better to burn out your savings than let them fade away.
                Feist - 1234. One camera, one take, no editing. Superb. How they did it
                Feist - I Feel It All
                Feist - The Bad In Each Other (Later With Jools Holland)

                Comment


                  #9
                  In other news....


                  Japan to pay bond holders with gold coins.

                  Japan’s Gold-for-Bonds Offer Could Boost Return By 5.9 Times - Businessweek


                  And people here still don't get the gold thing over a bit of paper thing....

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