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Willie Shafter.
16 Mar 20 20:31
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Date Joined: 15 Jul 04
| Topic/replies: 38,852 | Blogger: Willie Shafter.'s blog
global financial disaster is pending..
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Report Movewiththetimes March 16, 2020 7:37 PM GMT
There will be winners and losers but one thing for sure it will recover, the question is how many of us will be here to see it Cry
Report ooO{Alpha Centauri}Ooo March 16, 2020 7:37 PM GMT
Huge, only just begun imo
Report leif March 16, 2020 7:38 PM GMT
A rapture or a rupture?

The masses await.
Report rooster booster March 16, 2020 7:42 PM GMT
Zodie hoarding bananas as we speak...

Tony allowing 2 sausages max..
Report salmon spray March 16, 2020 7:46 PM GMT
Kill off 2m over 60s. Solves the pension crisis,the care home crisis and the NHS crisis      Happy
But finnishes this forum    Sad
Report Burkey1885 March 16, 2020 7:46 PM GMT
Toenails hanging out shafts a hole again booster
Report casemoney March 16, 2020 7:47 PM GMT
numbers decreasing in china
Report ProSniper March 16, 2020 7:48 PM GMT
https://www.youtube.com/watch?v=1njIckENbRA
Report casemoney March 16, 2020 7:53 PM GMT
Report posy March 16, 2020 7:54 PM GMT
Once the man in the street starts spouting that it's the end for equities that is the time to buy.
Report stewarty b March 16, 2020 7:54 PM GMT
If you have a few bob just make sure you don't put more than 85k into any bank/building society account.
Report Willie Shafter. March 16, 2020 8:11 PM GMT
what if you have 10 x more than that? withdraw in cash?
Report Deptford March 16, 2020 8:13 PM GMT
I will look after it for you willie.
Report stewarty b March 16, 2020 8:15 PM GMT
Let me put it this way. If you say have 500k. 250k with the RBS and 250k with Barclays and they both go bust. You're total return would be 170k which equals a 330k loss.
Report ProSniper March 16, 2020 8:26 PM GMT
Fresh start to introduce a new economic cistern. Cash&capitalism ran its course..

https://www.youtube.com/watch?v=IwOfCgkyEj0
Report dave1357 March 16, 2020 8:36 PM GMT
think if the banks go bust again either ppl get govt bonds in lieu of savings or rampant inflation renders them worthless.

The dow just crashed 13% - all these big companies are geared up and prob insolvent.  Trump should def virtually resign after appointing some sort emergency committee to run things.
Report leif March 16, 2020 8:41 PM GMT
He criticised the head of the Fed, who then slashed interest rates to zero
He then thanked the Fed for their trillion dollar funny money plunge. He crowed how he was sat in the rose garden watching a record 2,000 point rise in just 45 minutes.

Who will he blame now?
Report stewarty b March 16, 2020 9:02 PM GMT
I kid not. It will not be long before the interest rates go 'into reverse' ie we will be paying the banks to keep our money.
Report equine flew March 16, 2020 9:08 PM GMT
Quarter of a million dead. 75% wiped of shares and your pensions. 1000s of businesses to go bust. Hundreds of thousands unemployed. House repossessions across the country. Panic and rioting. Society breakdown.

A realistic scenario
Report Burkey1885 March 16, 2020 9:19 PM GMT
Hey tea pot I said Kelso begins cloes doors last week u said a was talking g bull I await an apology cheers
Report Willie Shafter. March 16, 2020 9:49 PM GMT
what connection has corona got with banks going kapoot?
Report Willie Shafter. March 16, 2020 9:53 PM GMT
Burkey1885 14 Mar 20 08:33 
All meetings from Monday behind closed doors

Burkey1885 16 Mar 20 21:19 
Hey tea pot I said Kelso begins cloes doors last week u said a was talking g bull I await an apology cheers

wd mart..on the ball again Wink
Report stewarty b March 16, 2020 9:54 PM GMT
The banks values are related to the market. (In freefall)
Report RothmanMike March 16, 2020 9:59 PM GMT
Very few ordinary folk affected.
Report 11kv March 16, 2020 10:04 PM GMT
Daily Briefing from Bo Bo ,prob include what he's having for dinner.....
Report punchestown March 16, 2020 10:04 PM GMT
Not the end but things will never be as they were for a long long time-if ever (in most of our lifetimes anyway).Time for cool heads in our Government leaders to quell the panic.

If this is handled correctly Coved 19 will just join a few other existing diseases that will be with us forever but we keep a lid on to the best of Medics abilities.
Report stewarty b March 16, 2020 10:04 PM GMT
True but in steve's case he claims to have a million or so and GL to him but don't deposit all in Barclays..
Report Willie Shafter. March 16, 2020 10:05 PM GMT
how does the banning of social gatherings effect the money held by banks?
Report stewarty b March 16, 2020 10:06 PM GMT
* My reply was to RM.
Report 11kv March 16, 2020 10:06 PM GMT
ppssssss wanna buy any bog roll ?
Report 11kv March 16, 2020 10:07 PM GMT
Curfew in 3 weeks..
Report stewarty b March 16, 2020 10:10 PM GMT
Willie Shafter.
Date Joined: 15 Jul 04
Add contact | Send message
16 Mar 20 22:05Joined: 15 Jul 04 | Topic/replies: 35,029 | Blogger: Willie Shafter.'s blog
how does the banning of social gatherings effect the money held by banks?




No social gatherings steve the economy shrinks. Bad news all round.
Report Burkey1885 March 16, 2020 10:17 PM GMT
Shaft they are talking on the owners about racing been cancelled all together ffs Cry
Report dunlaying March 16, 2020 10:17 PM GMT
Could you elucidate please?
Report dunlaying March 16, 2020 10:18 PM GMT
That was to Stewart b
Report 11kv March 16, 2020 10:18 PM GMT
no surprise, next few days it will be gone until May at the earliest.......
Report Burkey1885 March 16, 2020 10:19 PM GMT
11 k they are saying what if a stable staff member gets it have to shut home stable down
Worrying times m8
Report Burkey1885 March 16, 2020 10:25 PM GMT
Martin just watched this we are all being played big time we all know what to do next
Report Burkey1885 March 16, 2020 10:25 PM GMT
https://www.facebook.com/1437269249893393/posts/2665697533717219/?d=n
Report FOYLESWAR March 16, 2020 10:27 PM GMT
think of all the money the 5% who dont win on here will save if no racing !
Report stewarty b March 16, 2020 10:27 PM GMT
dunlaying
Date Joined: 12 Feb 11
Blogger: dunlaying's blog
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16 Mar 20 22:18Joined: 12 Feb 11 | Topic/replies: 4,930 | Blogger: dunlaying's blog
That was to Stewart b



If everything shuts down then there's no business being done. No business being done leads to no money and everyone's finances affected.
Report dunlaying March 16, 2020 10:28 PM GMT
Just as I thought .
Report Willie Shafter. March 16, 2020 10:28 PM GMT
Burkey1885 14 Mar 20 08:33
All meetings from Monday behind closed doors

Burkey1885 16 Mar 20 21:19
Hey tea pot I said Kelso begins cloes doors last week u said a was talking g bull I await an apology cheers

wd mart..on the ball again
Report dunlaying March 16, 2020 10:29 PM GMT
You are talking crap .....again .
Report stewarty b March 16, 2020 10:30 PM GMT
Enlighten plz.
Report the dealer March 16, 2020 10:32 PM GMT
Scottish Government stopped all gatherings of crowds over 500 last Friday , Kelso in Scotland, Kelso Monday, always going to be behind closed doors
Report stewarty b March 16, 2020 10:36 PM GMT
Yet dealer we go ahead in England and Ireland?
Report the dealer March 16, 2020 10:40 PM GMT
was replying to marts Saturday post, when in fact everyone knew on Friday.

racing elsewhere in the UK will be gone in 7 days imo
Report stewarty b March 16, 2020 10:42 PM GMT
Is it full crowds tomorrow dealer?
Report the dealer March 16, 2020 10:43 PM GMT
are you rippin the piss ?????
Report stewarty b March 16, 2020 10:45 PM GMT
Genuinely no. Twas the difference between Eire and England I was trying to establish.
Report bustino March 16, 2020 10:47 PM GMT
Today was the biggest fall on the stock market since 1948...........its not all bad news if u have cash u can make money............its like playing poker or playing horses knowing when to hold them when to fold them ........i see mucho opportunities make serious cash just turn ones intellect from horses to currencies commodities and bonds easy peasy
Report GLASGOWCALLING March 16, 2020 10:48 PM GMT
Pension pot just dropped 10% the past fortnight, cant see any improvement for months, maybe time to Cashout and

Stash under the Mattress. ! ?
Report stewarty b March 16, 2020 10:49 PM GMT
And yet they're selling the safest option....gold.
Report geoff m March 16, 2020 10:52 PM GMT
can see a run on the banks whereby they restrict you what you can take out .Under the Mattress is as good as anywhere for the next 3/6/12  months till this blows over
Report stewarty b March 16, 2020 10:52 PM GMT
If you have the cash out option GLASGOW surely that would be the safer option??
Report stewarty b March 16, 2020 10:55 PM GMT
geoff m16 Mar 20 22:52Joined: 23 Feb 03 | Topic/replies: 15,834 | Blogger: geoff m's blog
can see a run on the banks whereby they restrict you what you can take out



You could be right geoff but re: there will be some nervous souls reading that post.
Report punchestown March 16, 2020 11:00 PM GMT
Re clearing out your bank account -If you put it under the mattress and the local scrote comes calling  looking for a few quid then it's bonanza time,Stewarty,we are crowd free in Rep Of Ireland,the only people on track are jockeys that are riding Trainers and 1 owner and groom...by the way we are totally on borrowed time as it's all going to be gonzo soon for a good while.
Report stewarty b March 16, 2020 11:07 PM GMT
Thanks for pointing that out punchestown. It will be interesting to see the markets on here. One might pick p a decent price.
Report stewarty b March 16, 2020 11:08 PM GMT
*pick up.
Report thegiggilo March 16, 2020 11:14 PM GMT
salmon spray 16 Mar 20 19:46 
Kill off 2m over 60s. Solves the pension crisis,the care home crisis and the NHS crisis      Happy
But finnishes this forum

Fresh faces..Grin
Report equine flew March 17, 2020 8:24 AM GMT

Mar 16, 2020 -- 10:49PM, Willie Shafter. wrote:


what connection has corona got with banks going kapoot?


There is no doubt 1000's pf businesses will go and with it lots hundreds of 1000's of jobs.  My own company which employs over 5000 staff are already looking to ditch 800 to cover the inevitable massive drop in revenue.

The link to the banks is that money lent to businesses and individuals becomes toxic.   Massive amounts of serviceable debt will wipe billions from the banks, and we are back into a 2008 scenario.

Glasgow, you are lucky, I have had £80k wiped off my pension in 4 weeks.  Which means an immediate impact for me, that I need to work a further 2 years before I can retire... that assuming I still have a job.

Report terry mccann March 17, 2020 8:35 AM GMT
They love to say Icke is mad but he has been saying for years that all the sh1t going down since the start of the year would happen,so its all pre-planned it seems.Shocked
Report GAZO March 17, 2020 9:02 AM GMT
your pension is just a gamble,you smile and gloat when it goes up and moan when it goes down,
Report howard March 17, 2020 9:46 AM GMT
Anyone with substantial money in the bank should convert most to gold/silver and keep it where you can get hold of it. PM's may not MAKE you money but will retain your wealth.
Report stewarts rise March 17, 2020 9:55 AM GMT
I would doubt very much that the govt guarantees of £85k per Bank account would count for anything in the domesday scenario, no govt can produce money out of thin air if 100s of thousands lose their jobs possibly millions then no tax to collect and no money to pay out benefits, nothing should be taken as gospel imo.
Report GAZO March 17, 2020 9:58 AM GMT
most of the money governments and central banks use for these stimulus packages basicially comes out of thin air
Report howard March 17, 2020 10:01 AM GMT
Correct SR. I have read that can be changed/scraped at the stroke of a pen. The depositors at the bank are the LAST in line. There will be bail-ins not bail-outs. The laws already been changed for this. The real problem with their money printing  is you may have 100k in the future but it will buy you just a tin of beans. If you've already converted to PM's they will always be worth a good amount.
Report stewarts rise March 17, 2020 10:02 AM GMT
What does PM stand for?
Report howard March 17, 2020 10:07 AM GMT
precious metals
Report dustybin March 17, 2020 10:35 AM GMT
It’s true that gold is a safe harbour in a storm, well as safe as you are likely to find. It might actually be a good investment too if panic sets in.

Equine flew.

That’s largely right, but you’ve missed the fact the horse has already bolted. It’s not ‘if’ debt becomes unserviceable, it’s ‘because it already is’.
If you looked at the recent history of bonds markets you’d have seen long term bonds return miserly yields; this is a sign that companies don’t see where continued growth comes from and so don’t want more debt on top of what they already hold.

With regard the QE, Voltaire was a shred cookie when he said national currencies will ultimately only be worth the paper that’s used in it’s printing.
Report dustybin March 17, 2020 10:36 AM GMT
Shrewd
Report dustybin March 17, 2020 10:38 AM GMT
* just to add Voltaire made egregious wealth also by playing the loop hole in the French lottery, which hadn’t done their maths properly and he and a friend rinsed it.
The Regime attempted to stop him legally but failed.
Report equine flew March 17, 2020 11:15 AM GMT
GAZO, the money does not come from thin air, the government borrows, from central banks, IMF, other countries and private financial organisations.   Problem is they can only borrow such much, before they become a bad risk and the interest rates become affordable.
Report GAZO March 17, 2020 11:37 AM GMT
were do you think central banks get it from ?
Report leif March 17, 2020 11:44 AM GMT
Google 'Fractional reserve banking
Report Willie Shafter. March 17, 2020 2:13 PM GMT
equine,with respect,you employ 5000 people and arnt in a position to sustain the rest of your life financially?
Report s.kenbo March 17, 2020 2:25 PM GMT
He means the company he works for!
Report equine flew March 17, 2020 2:27 PM GMT
^^^^^^
That

Sorry, was badly worded
Report s.kenbo March 17, 2020 2:30 PM GMT
You have to type slowly, and clearly for Willie to understand. He’s not very good at reading between the lines! Wink
Report Willie Shafter. March 17, 2020 2:32 PM GMT
roger Grin
Report Coachbuster March 17, 2020 2:33 PM GMT
'stewartyb I kid not. It will not be long before the interest rates go 'into reverse' ie we will be paying the banks to keep our money.'

_________________________________

otherwise  known as Inflation
Report Willie Shafter. March 17, 2020 2:36 PM GMT
equine flew 17 Mar 20 14:27 
^^^^^^
That

Sorry, was badly worded
Report posy March 17, 2020 3:14 PM GMT
Will be interesting to see how bitcoin responds to the current meltdown. Whilst it has fallen in value recently think it might steam ahead fairly soon being an international currency with a finite number attached to it so is impervious to quantative easing and the like.
Report dustybin March 17, 2020 3:19 PM GMT
Apparently bitcoin has too many flaws to be utilised as a proper block chain currency so serves just as an entry into the technology for the public

There are others with more potential Im told but eachtime I research the whole aspect of it I fall asleep bored to death
Report truehoncho March 17, 2020 3:35 PM GMT
I would doubt very much that the govt guarantees of £85k per Bank account would count for anything in the domesday scenario, no govt can produce money out of thin air if 100s of thousands lose their jobs possibly millions then no tax to collect and no money to pay out benefits, nothing should be taken as gospel imo. ---- Exactly Stewards and if they did pay you out it would be less use than Monopoly money. Worst guarantee ever.
Report geoff m March 17, 2020 3:44 PM GMT
A bloke on a tractor has just driven past me shouting “The end of the world is nigh!!”

I think it was Farmer Geddon.
Report duffy March 17, 2020 3:44 PM GMT
Money won't matter, it's survival of the fittest and smartest, not the richest, a pack of bog rolls will be a million, we're never as far away from society breaking down as most think, within days of Hurricane Catrina people were looting just for essentials and that was a single localized event, this is a global disaster.
Report duffy March 17, 2020 3:44 PM GMT
Wink
Report geoff m March 17, 2020 3:47 PM GMT
You know its getting serious when the White Van Man scrawlsithe muck on the back of the van

no BOG rolls kept in this vehicle overnight!!
Report geoff m March 17, 2020 3:47 PM GMT
scrawls in the
Report dustybin March 17, 2020 3:55 PM GMT
It simply shows how flimsy the capitalist model really is when enterprise hangs by a thread due to profit stripping and stock markets are based on speculative bubbles

A bat gets the sh its in a far off land and the financial system falls over
Great move humans.
Report black shuck March 17, 2020 4:39 PM GMT
when will be the new venezuala?? im worried that my life savings soon wont be worth enough for a block of cheese
Report duffy March 17, 2020 4:57 PM GMT
Your life savings will soon be worth dog sh0ite, no where near as valuable as a block of cheese.
Report black shuck March 17, 2020 5:08 PM GMT
im going round willies...reckon he can afford cheese and bread...until about august anyway
Report Willie Shafter. March 17, 2020 5:09 PM GMT
Surprised
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