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[url= http://pro.moneyweek.com/myk-eob-mmi1/LMYKP405/ ]Financial apocolypse for the UK[/url]
But just before it hits - how about taking out a subscription so at least we can count on your money!
The thing with the article is - it looks like every other financial scam marketing you get sent which means it has significantly less credibility even if there is a grain of truth in some of it.
This is the most serious warning we’ve ever made
I'm hoping that they make jokey ones too - you know
[b]The end of Toast!!!![/b]
Summary
We're all doomed*
* if you give us your money now that we've scared you, we'll save you from DOOM
Read a bit and quickly decided to bury my head in the sand and whimper.
Are we all doomed then? Or, if I subscribe, will I benefit from un-doom?
Ah, good old Money Week. I believe they have predicted over 9,000 of the previous 3 financial disasters.
Money Week should come with a free bottle of Prozac, like the way you used to get a free Refresher with some copies of the Beano.
Hmm. I am not an economist, but the article simply says 'we have loads of debt' then it draws historical parallels.
I'm not convinced that's a good idea. Seems to me that the economic situation of the world changes so quickly that drawing parallels with something that happened 70 or 80 years ago can't be useful.
Also, they seem to think the world will just trundle on doing the same things without governments coming up with any clever ideas to manage or manipulate the situation.
We are stuck with loads of debt, but dont worry. Governments exist to get voted in and they both print money and regulate crazy ponzy schemes designed to boom before they go bust.
Also, they seem to think the world will just trundle on doing the same things without governments coming up with any clever ideas to manage or manipulate the situation.
Because our Govts have a track record of clever ideas? Nope, I'm with Money Week on that one.
Our businesses and bankers have a track record of rigging it so they can carry on doing what they do, though!
As the article points out, there have been many financial crises in the modern age. However we've always recovered to continue doing the same stuff.
Yep. Totally with you there molgrips!
That just reads as a sales pitch to scare/ convince people to subscribe to Moneyweek...
I was going to ask whether I should sell my shares to pay off my mortgage then I read this
Do nothing and you could be watching your shares falling in value, your home losing thousands and the government pinching every penny it can out of your pocket
So it looks like I'm stuffed whatever I do, maybe I should just turn it all into bikes which will become very valuable when no one can afford to drive a car.
You should see some of dooms on zero hedge...
Sell the fear
ZeroHedge is the mecca of financial doom
All seems pretty sensible to me. Someone is going to have to pay the bills. either us or the kids, if we are lucky it will be the grandchildren, i don't think so though.
The end of Toast!!!!
omigodomigodomigod what to do, should I invest heavily in flour, yeast and a breadmaker? HELP ME MONEY WEEK
[url= http://coppolacomment.blogspot.co.uk/2013/01/the-end-of-britain-not-yet.html ]Or not, as the case may be.[/url]
Also, they seem to think the world will just trundle on doing the same things without governments coming up with any clever ideas to manage or manipulate the situation.
At least they are right about one thing...
The end of Toast!!!!
NOOOOOOOOOO!
They've got me convinced. I'm so certain they're right I'm going to carefully save my money from now on. No more magazine subscriptions, that's for sure.
All of this is the reason why I invest heavily in foreign food deliveries, Mr. Calsberg and Mr. Cadbury.
All of this is the reason why I invest heavily in foreign food deliveries, Mr. Calsberg and Mr. Cadbury.
a fool and his money, etc....
🙂
All compound interest graphs are experiential.
I would've thought the obvious hyperbole would put any sane person off subscribing without even knowing whether they were right or not.
Graphs, it got 'em
[img] 
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Amazing how little debt those world wars racked up
Run To The Hills! Flee!!!
Actually, looking at that graph.
I blame Thatcher
You will be lucky to see economy recovery within a generation or even 20 yeas. This time it is for the long haul ...
Well on the positive ends you just have to try to live on peanuts like developing countries.
Good time to change the attitude of easy money.
Well, thanks to Toys nifty link I have saved myself the subscription fees for now. Actually, not that I was ever going to subscribe based on the slightly overstated nature of the advert. 😀
Wow codybrennan, that sure takes care of that!
Thanks for the link.
Bollocks, I wish I'd read the debunking blog post before I liquidated all my assets and stocked up on baked beans and corned beef 🙁
The bills will still have to be paid and whoever is in power growth will not be happening for some time to come. Great link article with pretty informed discussion.
piemonster - Member
Graphs, it got 'emAmazing how little debt those world wars racked up
A graph of GDP would look similar to that. In other words, amazing how small the economy was.