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[Dishevelled Den]

Well I'm going to have to buy a new mattress. This one's full.

Full of paper notes, you can burn when they are useless, to keep you warm during the winter. 

UK 'official' inflation is debasing our currency at 5% per year at the moment, real world inflation is more like 7-10%. Things like the falling price of DVDs and LCD TV's that keep the official rate down, I've found I can't eat!!! 

That's why gold is so expensive. It is seen as a save haven in economic and currency storms.

Forget about gold or other tangible financial instruments - in my experience when things go teats-up the most useful things to have to hand are food and firearms.

Agree, that's one of the reasons I'm keen to emigrate to the Ukraine as soon as possible, so I have my smallholding and food security. 

Splendid - take me with you, I'm a reasonable cook and have extensive experience with firearms.

[Sir Tigger KC]

I can imagine a convoy of Omegas heading Eastwards.... 

[Varche]

Its to be hoped he doesn't keep goats otherwise there will be a convoy heading westwards.....

Den You could come here - no goats (well on our land there aren't). You would soon pick up the tapas culture. We have our drinks served at 6 p.m.

Guns could be a problem. You have to pass a written exam test(in Spanish) on the 3 disciplines. Hunting, shooting and fishing before getting your licence.........Intiendo?

[Dishevelled Den]

Its to be hoped he doesn't keep goats otherwise there will be a convoy heading westwards.....

Den You could come here - no goats (well on our land there aren't). You would soon pick up the tapas culture. We have our drinks served at 6 p.m.

Guns could be a problem. You have to pass a written exam test(in Spanish) on the 3 disciplines. Hunting, shooting and fishing before getting your licence.........Intiendo?

That sounds bloody civilised Varche.

[Omegatoy]

lol yep but they shoot sparrows here with huge blooming great big shotguns, cos there is nothing
else left alive to shoot at!! having said that is hasnt been so bad this year!

[Varche]

Hispania dia festival (celebrates the day Christopher Columbus set foot in the Americas 1462?) on Wednesday just gone. Out they all came and they shoot at anything that moves. In the bag it goes, then they meet at the local bar and lay their bags out to compare what they have got. Then a few gallons of drink and a meal and drive home (carefully). I never have found out what happens to the smaller stuff like finches, sparrows, blackbirds and thrushes.

[aaronjb]

Speaking of Spain (in a round about kind of way) - I see S&P just downgraded their credit rating, too..

[Varche]

Speaking of Spain (in a round about kind of way) - I see S&P just downgraded their credit rating, too..

Yep. That leads to higher costs for government borrowing of the same amount of money which means more money is needed (more tax or less public expenditure). Can you imagine a situation where a householder finds there mortgage rate goes up because the bank found out that overtime has been cut at work or instead of a pay rise of 1.5% you got zero. Still you have to feel sorry for the banks even though they are still going to pay themselves massive bonuses yet again. Reward for failure.

[albitz]

Varche - this crisis isnt a banking crisis.It is a crisis due to the fact that the banking crisis exposed the Eurozone countries to economic reality.For years they have been spending huge sums of money they dont have and havent earned.Presumably they assumed that someone someday would sort the mess out (after they had long gone) but the banking crisis shone a spotlight onto what can only be called fruad on an unimagineable scale.Now the chickens are coming home to roost for the people of the countries involved,if not for the crooked politicians who got them into this mess.