finance.yahoo.com/news/Stocks-fall-as-wo...-1083445120.html?x=0
Not only has the CONNAUGHT group gone into admin today - with the potential loss of up to 10,000 jobs but it seems that the EUROPEAN BANKS told "Porkies" when doing the stress tests earlier this year - meaning that many of them are up to their neck in debt.
Every economic indicator is pointing down again since August. Inflation is rampant in essentials - but deflation is rampant in non essentials.......interest rates are pegged so low they cant go up ( Or we will see a massive housing crash ) but they cant go down to stimulate the economy or to encourage savers to invest.....
Taxes are going up and credit card interest is rocketing. Banks are increasing charges as well......but the truth is - the crash has been engineered by the NWO and it has been coming since 2008 when BROWN applied a sticking plaster with BUSH - both praying something would happen to be a game changer........nothing has happened.
The Great Depression of the 1930s was ended with the Second World War. Prior to which the economy was still going downwards in 1939 in most of the World. So the banks financed HITLER knowing full well he would "kick off" and create demand in the factories for the war efforts - thus putting everyone back to work at a stroke AND meaning that the UK and others were in hock to the BANKS of the USA ( FED ) until the 1990s......( Not alot of people talk about that do they......!!! )
So - how can we get out of this ?
Simple answer is : the Banks need a WAR or massive TERROR attack at some point in the next 2 years because the only way is down if they dont get a game changer event.
The alternative is more years of "bumping along" the bottom and more unemployed and higher and higher taxation - until our standard of living will resemble that of the 1960s or worse because the technology means that we may end up with loads of tech we cant afford to plug in because the power prices will continue to rise 10% min each year whilst our incomes will go down in real terms due to taxes and inflation eroding them.
To keep pace with the TAX rises and INLFATION ( around 7% ) we would need a Wage rise of 10% this year to have the same standard of living in 2011 as we had in 2009. You get the drift ?
The average person is thinking of "cuts" in terms of job losses only - but even those with a salary will find themselves starting to see real problems if they earn under £25,000 and maybe more than the benefits safety net. We could see people throwing in their jobs because it becomes more expensive to "travel" to work and buy extra clothing for work etc than the money that can be earned because of higher taxes and costs.
There has been a massive slow down on the High Street where I work since the Bank Holiday. Shops and restaurants were busy in June - August but now there seems to be no customers around except on the weekend - and even then numbers seem down by over half.........
We could be seeing the Christmas save period ( Sept - Nov ) where people stop going out and spending - in order to get ready for Christmas because they cant afford it otherwise.......this used to happen in November only - but this year it seems to have started two months early - which will mean loads of businesses will be under huge pressure by the end of October.
My advice - invest in SILVER ( which hit $20 yesterday - it was around $12 when I suggested this in 2008 )and GOLD ( which is still going up $1200 in 2008 and now $2050 ) if you have savings make sure you convert some of them out of currency into hard assetts you have in your safe ( not sitting in Hong Kong etc )
If you have no money then buy fibre rich foods - like Whole Meal rice - spagetti - bread - pasta - and store this stuff just in case food prices rocket. Also eat this stuff and cut down on the expensive processed food as well.....get some solar powered devices if you can afford say Freeloader stuff - or wind up stuff. Buy some cheap tealights and candles....and store some water at all times ( At least 14 bottles per person - to last for 14 days ) This is not survival stuff - it is just good housekeeping. You never know when a blizzard or earthquake may strike severing supply lines for a few days or even weeks !!
No need to be afraid if you are prepared. We could all be out of work and there is enough food production in the UK for us all to live modestly. Most people have gardens and could grow enough to survive. Note that SEED buying has gone up by 30% in the last year according to Sutton's Seeds ( For vegetables etc ! ) - so if you think I am just a lone voice saying this you are wrong - nearly half the population are taking steps to protect their food supply from inflation in the supermarkets and recession or even war.
Human beings all have "insight" - most of us choose to ignore it - but I think the issues facing the World at the moment are screaming out "system collapse imminent " and so taking steps to get through this is essential. The media wont say this - or they could pre empt such a scenario. So quietly most people are preparing.
Gardening and growing your own is a fantastic hobby as well. Helps to keep people fit and more productive than sitting in front of Large Screen TVs and PC screens all day. Which reminds me - I am off to sort out my seed bank.
PS Website that is being used by people all round the world for growing their own - composting - etc is
www.wigglywigglers.co.uk who do mail order - have some incredible GREEN products as well - their worms are sensational ( I have been told ! ) and have a FACEBOOK help group for people starting out for the first time in all of this. Everything from Cider Apple Trees ( to make your own cider ! ) to different types of raised beds etc etc. All at very low prices without the Garden Centre mark up !!
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