What now - with a bit of background info!

Kieran · Post by **Kieran** » 29 Sep 2008, 21:49

Neily at the peak wrote:
tattercoats wrote:Right, that's it - where's my copy of 'Independence Day'? Or maybe 'Supervolcano', or 'The Day After Tomorrow' - dammit, this calls for some serious escapist uber-doomwatching.
I am off to watch the X Factor!!

It's many episodes of Buffy for me!

JohnB · Post by **JohnB** » 29 Sep 2008, 21:58

I filled up with diesel today, I've got some cash, but not that much, food for a few days if I use my imagination, and a couple of weeks supply of gas. After that I may be knocking on the nearest PowerSwitcher's door

Mitch · Post by **Mitch** » 29 Sep 2008, 22:20

When even Robert Peston, on News at Ten, says he's "pretty sure that we'll get through the next 24 hours" builds rather little confidence for me - he's "pretty sure"?

RenewableCandy · Post by **RenewableCandy** » 29 Sep 2008, 22:27

Mitch wrote:When even Robert Peston, on News at Ten, says he's "pretty sure that we'll get through the next 24 hours" builds rather little confidence for me - he's "pretty sure"?

And he's usually so bland...I missed that one!

Vortex · Post by **Vortex** » 29 Sep 2008, 23:04

Mitch wrote:I wonder if the ATM's will mysteriously go "off-line" before daybreak? If that does happen, I will be very, very scared indeed!

I doubt it - but I would expect to see more cash withdrawals than usual.

Andy Hunt · Post by **Andy Hunt** » 29 Sep 2008, 23:20

Just been to get out some dosh myself, after reading this thread. Took the opportunity to get some nice ripe Stilton and a few Ritz crackers too!

SherryMayo · Post by **SherryMayo** » 29 Sep 2008, 23:35

Kieran wrote:
Neily at the peak wrote:
tattercoats wrote:Right, that's it - where's my copy of 'Independence Day'? Or maybe 'Supervolcano', or 'The Day After Tomorrow' - dammit, this calls for some serious escapist uber-doomwatching.
I am off to watch the X Factor!!
It's many episodes of Buffy for me!

Oh I'm right with you folks - my preferred form of escapism just now is comic books (Swamp Thing & Sandman) and comic book movies

Aurora · Post by **Aurora** » 30 Sep 2008, 05:17

Vortex wrote:
The US Senate has voted 'nay' to the $700B bailout plan. In a somewhat unexpected turn of events, the bailout plan backed by George Bush as a plan of "tremendous importance to all Americans" has been rejected by the senate. The initial vote of 207 to 226 in the senate was not overturned in the reflection time after the vote. With the DOW falling nearly 500 points and the clock to the deliberation time running to zero, the senator of Texas tried to revive discussions on the bill to no avail.
http://www.neurope.eu/articles/89975.php

Oh dear oh dear ...... I knew I should have bought some gold and taken out some cash today ....

Gold's worth owning now then is it Vortex?

See: http://www.powerswitch.org.uk/forum/vie ... 04&start=0

SunnyJim · Post by **SunnyJim** » 30 Sep 2008, 07:23

Andy Hunt wrote:Just been to get out some dosh myself, after reading this thread. Took the opportunity to get some nice ripe Stilton and a few Ritz crackers too!

Think I'll apply for some Bank of England emergency funding this morning... should have say $20 Billion under the mattress by this afternoon.

I expect this turn of the weather will prevent a bank run. People are too lazy these days.... it would be a bank stroll when maybe when it stops raining.

Vortex · Post by **Vortex** » 30 Sep 2008, 08:59

Aurora wrote:
Vortex wrote:
The US Senate has voted 'nay' to the $700B bailout plan. In a somewhat unexpected turn of events, the bailout plan backed by George Bush as a plan of "tremendous importance to all Americans" has been rejected by the senate. The initial vote of 207 to 226 in the senate was not overturned in the reflection time after the vote. With the DOW falling nearly 500 points and the clock to the deliberation time running to zero, the senator of Texas tried to revive discussions on the bill to no avail.
http://www.neurope.eu/articles/89975.php

Oh dear oh dear ...... I knew I should have bought some gold and taken out some cash today ....
Gold's worth owning now then is it Vortex?

See: http://www.powerswitch.org.uk/forum/vie ... 04&start=0

Nah - just a crazed moment of irrational panic there ... I'll stick with the crate of AK47s.

Aurora · Post by **Aurora** » 30 Sep 2008, 09:22

Vortex wrote:Nah - just a crazed moment of irrational panic there ... I'll stick with the crate of AK47s.

skeptik · Post by **skeptik** » 30 Sep 2008, 11:37

Next - Bush panics, presses the Big Red Button and hands out some 'Unitary Executive Action'

Just a guess, but he's going to be on TV again tomorrow morning 8.45 EST. Why so soon? he was on yesterday... You can tell he doesnt like doing it... that furrowed brow as he strains with all three brain cells to get the words off pat from the autocue....

Paulson plan implemented by emergency Presidential fiat? No idea really, but I wouldn't put it past him. Hmm. Probably not. If it all goes wrong he then gets the ordure poured over his head. I think his game plan now is to try to slide out of the Presidency in such a way that everybody else in the world takes the blame for everything, while he sails away to the Cayman Islands squeaky clean.

Andy Hunt · Post by **Andy Hunt** » 30 Sep 2008, 12:40

http://news.bbc.co.uk/1/hi/business/7643660.stm

UK confirms economy at standstill

Shoppers are tightening their belts as the economy fails to grow
The UK economy saw no growth in the second quarter of 2008, while the gap in the current account widened to its highest level in almost a year.

http://news.bbc.co.uk/1/hi/business/7643903.stm

EU TRADE COMMISSIONER PETER MANDELSON

I feel they've taken leave of their senses and I hope that in Europe we will not see politicians and parliamentarians replicating the sort of irresponsibility and political partisanship that we have seen in Washington.

The American banking system is going to have to reinvent itself... It's going to be consolidated, it's going to operate in a different way, it's going to have to operate with more responsibility, less risk

Andy Hunt · Post by **Andy Hunt** » 30 Sep 2008, 12:53

http://news.bbc.co.uk/1/hi/uk_politics/7643524.stm

Mr Cameron said: "As if life wasn't already enough of a struggle with the cost of living going up people are worried this morning about their jobs, their mortgages, their savings, their pensions.

"They get even more worried when they hear talk of a collapse of capitalism. People are confused and concerned. They want to know what's going on. They want to know what is going to happen next."

"This is a moment when democracies are being tested: we need to show that they can deal with crisis and difficulties like this one."

Aurora · Post by **Aurora** » 30 Sep 2008, 13:21

The US administration wants a $700Bn bailout from the American tax payer.

The banks are currently holding 'toxic debts' to the tune of trillions of dollars.

What's the point of a band aid when Wall Street actually requires major surgery?

PowerSwitch

What now - with a bit of background info!

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Re: What now - with a bit of background info!

Re: What now - with a bit of background info!