2020 Potential Economic Collapse

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preppergb
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Re: 2020 Potential Economic Collapse

Post by preppergb » Sun Mar 22, 2020 1:26 pm

We have already asked for a 3 months Mortgage hoilday, I can use £2K much better than the bank can in the next quarter.

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Arwen Thebard
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Re: 2020 Potential Economic Collapse

Post by Arwen Thebard » Mon Mar 23, 2020 10:09 am

This statistic might help people visualise the amount of debt we are planning to run up.

If we had a £1000 bank note..... (Current bank notes are 0.11mm thick.)

£1 million in £1000 bank notes would produce a pile 4" inches high.

£1 billion in £1000 bank notes would produce a pile 300' feet high.

£1 trillion in £1000 bank notes would produce a pile 63 miles high.

That a lot of debt folks. :shock:
Arwen The Bard

"What did you learn today?"

Arzosah
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Re: 2020 Potential Economic Collapse

Post by Arzosah » Mon Mar 23, 2020 1:27 pm

There's an unexpected consequence I found out this morning: one of my sister's friends doesn't have much food in the house, and decided to buy a freezer to supplement her ginormous American fridge (a lot of dozy rich people in this part of the world). Many stores are sold out of chest freezers, and won't allow pre-ordering. Ikea have a few, apparently.

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diamond lil
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Re: 2020 Potential Economic Collapse

Post by diamond lil » Mon Mar 23, 2020 2:25 pm

I found that out a few weeks back Arzosah. Tried to get a chest freezer for the spare room but none to be had.

Arzosah
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Re: 2020 Potential Economic Collapse

Post by Arzosah » Mon Mar 23, 2020 2:59 pm

Oh bleep, sorry about that! New-to-me, etc :oops:

preppergb
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Re: 2020 Potential Economic Collapse

Post by preppergb » Mon Mar 23, 2020 5:59 pm

We have spent a few hours trying to get another freezer, none to be had.

jansman
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Re: 2020 Potential Economic Collapse

Post by jansman » Thu Apr 02, 2020 6:29 am

Well,a week on or so from the last post on this thread,and a collapse looks far more likely. The BBC report almost a million people have applied for Universal Credit in the last two weeks.That doesn't count those who cannot get through,and those who have yet to try.

I think we can safely say that we are in the s£it.
In three words I can sum up everything I have learned about life: It goes on.

Robert Frost.

Covid 19: After that level of weirdness ,any situation is certainly possible.

Me.

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diamond lil
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Re: 2020 Potential Economic Collapse

Post by diamond lil » Thu Apr 02, 2020 6:42 am

I woke up thinking about this, we're living in very dangerous times what with the virus on one hand and the Boris Bunch on the other...

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Arwen Thebard
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Re: 2020 Potential Economic Collapse

Post by Arwen Thebard » Thu Apr 02, 2020 7:53 am

The end of the month (pay-day) has passed for most people, without them being paid in some/many cases, now the real test begins. When you are used to not having very much anyway and even that gets taken away....

Some difficult times ahead. :(
Arwen The Bard

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hobo
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Re: 2020 Potential Economic Collapse

Post by hobo » Thu Apr 02, 2020 7:55 am

diamond lil wrote:
Thu Apr 02, 2020 6:42 am
I woke up thinking about this, we're living in very dangerous times what with the virus on one hand and the Boris Bunch on the other...
Me too. More of a panic than a thought.

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