[deepinthewoods]

that depends on what you consider worse! this bill to my mind, is the one that will stand out    http://www.bbc.co.uk/news/uk-politics-18434112

[RUSTYME]

Back again , they have been keeping things going for at least 3 years now , and they can't keep inventing billions of £ out of nothing .
The other thing is the US elections . If ? They allow them to happen then we may get through to next year .
But war becons ! The US is about to go pop , war is the only way out of the crap they are in .
I did think that the limpics was going to be the start , but so far so good . Israel could hit Iran , we could hit Syria , makes little difference who hits who . The outcome will be the same , WAR .         
If that doesn't happen soon then the banks will go anyway . The only thing that can save them is war .
Meltdown is almost here .  What happens then is anyones guess , but it won't be good whatever it is .
So , those that are aware and ready will have a head start at least .
Will it be mad max time ? I doubt it , but i don't rule anything out .
On top of that there is the corn problem in the US as well . Ye gods what else can go wrong ? lol .
Just make sure your cupboards are full and if nothing happens what have you lost ? , nothing , you just eat it anyway .
All that said and done , should everyone walk round scared to death ? No , just live as normal and enjoy life . But keep an eye on things , oh and practice kissing your arse goodbye lol .

[Small Farmer]

So is there anything in particular that makes you think the situation is worse now than in january?

The Euro is not fixed and practically the entire EU is now in recession.  Even Germany is struggling.  It's still a sh*tstorm and it is coming

[the great composto]

I agree it seems the euro is not sorted yet & even today greece seems to be even further in debt and one week away from crisis but then this has been going on since the post was started at the end of last year. (hence the question).
Day to day I see a few companies going bust but if they cant trade when times are good then they will become natural wasteage. 

What is the true effect of the end of woolworths for example?   I know its just a symptom of the problem but how concerned should I be?   Storing food ?  defence lines against an invasion force?

I think its not bad -  just different and evolving.

[Simple Simon]

You have to solve the problems before you can expect a recovery.  The choices facing the Euro countries are all bad.  Not just bad but very hard to see what the least worst choice is.  So the politicians keep on prevaricating and the markets keep on stirring things up.  At least the hedge funds are struggling to make money!


Woolworths, when it went bust was already irrelevant.  That's why it went bust.  Aside from the pick 'n mix counter everything it sold was easily available and cheaper online or somewhere else.   The internet makes comparison shopping easy, and provides an effective shop window for a retailer with no premises.  Tough on Dixons, tough on HMV and very tough for the future of the high street.

[deepinthewoods]

ok, just as a reality check, what happened to all the media coverage of the libor issue? it went quiet suddenly, directly after that kid went to a batman premier and shot loads of people, no coincidence then that his dad was one of the people being investigated in america.
 
 

[the great composto]

Simple Simon = This is exactly what I mean when I say the situation is evolving - the recent spate of well known names going bust is not because of the economy per se but just a different solution to buying and selling ( ie the internet).  This just means certain types of high street shops are no longer relevant ( hmv) bcause of trading methods.   This doesnt make me think I or the next generation will be in a battle for survival.

DITW = your topic seems to be different - it is probably good that the government doesnt tell all - as lots of people cant handle the truth & would react irrationally  - Remember the recent petrol shortage just caused by panic.  Then the issue just disappeared.

Civiisation will be extremely tested when/if the masses panic.  WHat could happen that would cause this?  The greek havent panicked - they have riots and dissent but not the masses.

[Simple Simon]

The LIBOR story is a bit complicated.  A lot of banks and their regulators are involved, but there's a vast amount of stuff yet to be published.  It's unlikely to make good journalism because it's rather esoteric - quite tricky to know what laws have been broken.  It's always the way with financial crime.


It was reported the other day that the Treasury select committee thought Bob Diamond wasn't completely candid with them.   He was shocked by this. 


This is a massive scandal with two components.  One is the manipulation of rates for the benefit of Barclays, though it is unclear whether its dealers succeeded in manipulating the rates or simply tried to do it.  If they did then it was only by collaboration with quite a lot of other banks.


The much larger problem is the fact that there isn't an interbank market any more, hasn't been since 2008, so the various Libo rates don't really exist despite the trillions that use them.  I don't really know if that matters - the rates need to exist and it isn't clear what should be done.  If that's a fraud then it's top to bottom.


There's a way to go on this.

[Simple Simon]

The internet is a game changer.  There will winners and losers from this technology - and Facebook isn't looking good right now. 


The big loser is going to be those who invested in retail property.  Their world is falling apart. 

[deepinthewoods]

http://www.economicvoice.com/liborgate-dwarfed-by-geo-engineering-of-entire-planet/50031362?fb_action_ids=10152003896590647&fb_action_types=og.likes&fb_source=aggregation&fb_aggregation_id=246965925417366#axzz24DnO7gjm

[the great composto]

This thread has so many different elements.    The above post is about geo engineering ( governments are actively experimenting with altering our climate with nasty chemicals).
My first reaction is absolute horror and my second is just to check this isnt april 1st.

[deepinthewoods]

yes the  of thread started out about survival through the financial mess we are in. the link above is about libor which is highly relevant to the original.
and a sneaky way of introducing geo engineering. which you may or may not have noticed is happenng right now.

[rispainfarm]

Going back to the original thread, or maybe not depending on how you think. i often wonder if there is anarchy in the uk as you see in films where its dog eat dog sort of thing, what we would do as a  family and what we would take. i would let all the animals out and leave the cats behind thats for sure but I would want to take our dogs. We have a souped up discovery that has done off roading all over europe, so we have all the necessary kit for surviving in there. I am therefore very nervous when it has been sorn as it has now, I feel safer knowing it is in working order with filled up jerry cans so at least we could make a quick get away and disappear into the highlands off the beaten track if needs must. 

[robert waddell]

is it a G4 discovery  or that somebody has cobbled together       i don't think that taking of to the highlands would  be a survivable solution  all the southerners would be heading there as well
 
the Galloway forests might be a better and warmer environment       4 years this bank induced mega f*** up has lasted and we are not even at the bottom  yet

[rispainfarm]

God knows what it is robert, but it has taken across the desert plains in Spain to the slopes in austria and across the mountains in Italy etc. But i do agree with you on the everyone heading up that way and the galloway is just down the road, but its not that big is it, thats the problem lol.