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another great day at the office - 10/6/2008 11:30:53 AM   
LadyEllen


Posts: 10931
Joined: 6/30/2006
From: Stourport-England
Status: offline 		Stock markets round the world have plunged by 5-6% today - Russia suspended its stock market twice after falls of 19%. Iceland meanwhile - the country and its currency, is teetering on the precipice.

What price stability? ($700 billion is not enough)

Meanwhile the former CEO of Lehman Bros told a senate committee that he would have done it all differently if he could turn back time, and rejected that he had been overpaid at $500 million for his term - it was only $260 million after all.

E

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In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.
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RE: another great day at the office - 10/6/2008 11:36:21 AM   
LaTigresse


Posts: 26123
Joined: 1/15/2006
Status: offline 		And here I was, just bummed that I had to come back to work at Ye Ole Printshop today......

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My twisted, self deprecating, sense of humour, finds alot to laugh about, in your lack of one!

Just because you are well educated, articulate, and can use big, fancy words, properly........does not mean you are right!

(in reply to LadyEllen)
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RE: another great day at the office - 10/6/2008 12:09:44 PM   
LadyEllen


Posts: 10931
Joined: 6/30/2006
From: Stourport-England
Status: offline 		FTSE down to lowest level since 1987; 93 billion pounds wiped off the value of the market (or rather, our savings and investments). Anyone who remembers 1987 in the UK will be somewhat concerned. A newly appointed minister is currently considering part nationalising the entire UK bank sector - but this is now not just about banking and financials - its into the stock market now too.

Iceland's currency lost a third of its value in one day today; since Iceland has to import so much stuff, thats a huge increase in cost of living in one fell swoop. Its has had to suspend share trading in financials as of today. An entire western country - albeit one with a small population - undermined, and its people - who have lived well - suffering an enormous loss in standard of living overnight.

I think it might just be time for a trip to Birmingham to convert some cash into gold, whilst the cash is still worth something. And time to start hoarding tinned food and drink.

E

_____________________________

In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.

(in reply to LaTigresse)
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RE: another great day at the office - 10/6/2008 12:41:24 PM   
corysub


Posts: 1492
Joined: 1/1/2004
Status: offline 		Having a bit of gold in a portfolio is always a good idea.  The governments of the world are at the initial stages of a major printing of money.  Thinking of those pictures of Germany in the early 1920's we should probably be investing in wheelbarrel companies, dust off those old copies of Mien Kampf and Das Kapital, and maybe buy a gun if you don't have one already.

(in reply to LadyEllen)
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RE: another great day at the office - 10/6/2008 12:49:25 PM   
kittinSol


Posts: 16926
Status: offline
quote:

ORIGINAL: corysub
Thinking of those pictures of Germany in the early 1920's we should probably be investing in wheelbarrel companies, dust off those old copies of Mien Kampf and Das Kapital, and maybe buy a gun if you don't have one already.


Charming. Should Jews, homosexuals and other deviants go into hiding, too?

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RE: another great day at the office - 10/6/2008 12:51:49 PM   
LadyEllen


Posts: 10931
Joined: 6/30/2006
From: Stourport-England
Status: offline
quote:

ORIGINAL: kittinSol

quote:

ORIGINAL: corysub
Thinking of those pictures of Germany in the early 1920's we should probably be investing in wheelbarrel companies, dust off those old copies of Mien Kampf and Das Kapital, and maybe buy a gun if you don't have one already.


Charming. Should Jews, homosexuals and other deviants go into hiding, too?


Oh KS - now that is just totally ridiculous

Everyone knows this must have something to do with the Muslims.

E

_____________________________

In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.

(in reply to kittinSol)
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RE: another great day at the office - 10/6/2008 1:19:06 PM   
NeedToUseYou


Posts: 2297
Joined: 12/24/2005
From: None of your business
Status: offline 		If one has cash, and doesn't want to enter the markets, there are things that won't lose their value and no matter what the price is will have a constant benefit.

If you have your own residence and have the room, and live in a country with good alternative energy rebates. Well, solar or wind power are a good investment. Payback can be 10 years though, but solar for example lasts over 20 years, not a bad deal really, and the payback is proportional to whatever the cost of electricity is, so even if the currency goes to shit, it doesn't matter. You'd be offseting whatever that cost is.

Even if you don't have the money to layout for a full out solar system or wind based system. The easiest and probably the cheapest solar based enhancement is a solar waterheater, still it does require owning your own residence, but that can be done by yourself. Stuff like trombe walls, can be installed, by a non-carpenter, fairly cheaply and simply enough. Apartment dwellers have much less options, but those things are like an investment in gold, as there value is immune to inflation.

Unless someone solves the energy crisis in the next 10 years it's a sure winner for the conservative investor. Especially if you do the installation yourself. That is a large part of the cost of those kind of things.

(in reply to LadyEllen)
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RE: another great day at the office - 10/6/2008 1:43:20 PM   
Steponme73


Posts: 552
Joined: 11/9/2007
Status: offline 		Buy precious metals NOW

(in reply to NeedToUseYou)
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RE: another great day at the office - 10/6/2008 1:46:41 PM   
kittinSol


Posts: 16926
Status: offline 		Yes please. Are you offering?

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(in reply to Steponme73)
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RE: another great day at the office - 10/6/2008 2:00:17 PM   
Raechard


Posts: 3513
Joined: 3/10/2007
From: S.E. London U.K.
Status: offline 		Buy silicon, gold for electronics. When you buy these equities do you ever own them? I mean speculators buy oil no matter how much of it there is and you kind of wonder what a receipt for oil is worth when there isn't any ?

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えへまにんへえや
Nobody wants to listen to the same song over and over again!

(in reply to kittinSol)
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RE: another great day at the office - 10/6/2008 2:01:50 PM   
kittinSol


Posts: 16926
Status: offline 		It's wonderful that some people can make dough out of financial crisis. It shows that the crisis isn't so bad for everybody after all  .

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RE: another great day at the office - 10/6/2008 2:13:02 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: Steponme73

Buy precious metals NOW


talk about this.

do you mean silver rounds?

not everyone has several thousand $ to buy.  but might have $300 or so...

(in reply to Steponme73)
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RE: another great day at the office - 10/6/2008 9:31:21 PM   
Aneirin


Posts: 6121
Joined: 3/18/2006
From: Tamaris
Status: offline 		Ah fuck it, let shit happen

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Everything we are is the result of what we have thought, the mind is everything, what we think, we become - Guatama Buddha

Conservatism is distrust of people tempered by fear - William Gladstone

(in reply to pahunkboy)
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RE: another great day at the office - 10/6/2008 9:42:59 PM   
TheHeretic


Posts: 19100
Joined: 3/25/2007
From: California, USA
Status: offline
quote:

ORIGINAL: kittinSol

Charming. Should Jews, homosexuals and other deviants go into hiding, too?



      Get 'em to the states, Kitten.  And if you know anybody in Africa, say goodbye. 

_____________________________

If you lose one sense, your other senses are enhanced.
That's why people with no sense of humor have such an inflated sense of self-importance.


(in reply to kittinSol)
Profile   Post #: 14
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