Collapse could happen, literally, overnight

SleeperService · Post by **SleeperService** » 23 Nov 2011, 15:12

DominicJ wrote:True enough, but as a UK parralel, yesterday, you go to the doctors, he gives you a prescription, you go to the chemist, pay your £6.95 and he gives you drugs, reclaiming the rest of the cost from the NHS.

Tomorrow, you arrive at the chemist, and he wants £13, or £33, or £300
Thats an overnight collapse, in a limited area.

No £7.40 for antibiotics twenty minutes ago. A bit more than 5% inflation methinks

cubes · Post by **cubes** » 23 Nov 2011, 23:51

But the actual cost of your antibiotics could be considerably more (or less) than £7.40.

PS_RalphW · Post by **PS_RalphW** » 24 Nov 2011, 11:52

My wife pays £70 or £100 or there abouts for an annual prescription charge card.

Her NHS drugs bill is 10-15,000 a year.

Oxenstierna · Post by **Oxenstierna** » 24 Nov 2011, 19:00

Unless you currently live in Scotland, in which case prescriptions are free.

Keela · Post by **Keela** » 25 Nov 2011, 08:05

Or N.Ireland

featherstick · Post by **featherstick** » 25 Nov 2011, 08:44

Nope, sorry, Keela and Oxensternia, still not enough of an incentive...

Cabrone · Post by **Cabrone** » 25 Nov 2011, 10:48

More gloom from the (s)ToryGraph..........

Death of a currency as eurogeddon approaches

What they are preparing for is the biggest mass default in history. There's no orderly way of doing this. European finance and trade is too far integrated to allow for an easy unwinding of contracts. It's going to be anarchy

Sensationalist gloom-mongery from the (s)ToryGraph IMO, besides which, if it all goes belly up what the heck can any of us do about it anyway (that we aren't already).

Bah.

DominicJ · Post by **DominicJ** » 25 Nov 2011, 11:50

Cabrone
When the DT said "Sub Prime IS NOT contained", they were called doom mongers.
When they said "it isnt confined to America", they were called doom mongers
When they said, "its isnt confined to the iPigs" they were called doom mongers

They've been right, if anything, they have been optimistic!

Most people arent doing anything about it.
600,000 A's and B's have just got a very real warning. Be interesting to see how many take note.

Post by **adam2** » 25 Nov 2011, 12:29

DominicJ wrote:Cabrone
When the DT said "Sub Prime IS NOT contained", they were called doom mongers.
When they said "it isnt confined to America", they were called doom mongers
When they said, "its isnt confined to the iPigs" they were called doom mongers

They've been right, if anything, they have been optimistic!

Most people arent doing anything about it.
600,000 A's and B's have just got a very real warning. Be interesting to see how many take note.

Agree, doom has been long forecast but seems to be a lot nearer arriving now.
Many older threads on these forums forecast near term doom some years ago, it would appear that such forecasts were premature.

I suspect that more people are now taking note.
This may of course accelerate financial collapse if people start taking money out of banks.

Cabrone · Post by **Cabrone** » 25 Nov 2011, 12:55

And yet a recent sell off by the (financially doomed) Italian bonds was oversubscribed.

Evidently plenty are willing to get a slice of their debt.

Maybe the German bonds didn't all sell because the rate was too miserly?