WHOA! British Official Warning Public: Stock up on food, water, canned goods & cash – enough to survive 1 month – Banks may CLOSE(Stock meltdown)

The “Independent” Newspaper in London has published a stunning story today that an aid to former Prime Minister Gordon Brown is warning the public to:
1) Have cash money in your possession as banks may close and credit cards may not work
2) Have plenty of canned Goods and water to survive ONE MONTH in your house.
3) Agree with your family on a meeting place in case communications go down and you have to leave ! ! ! !
Folks here in the USA should take this advice RIGHT NOW. Don’t wait. If you wait and other folks don’t, they will strip the stores bare before you ever get there.
It’s not just him saying it though:
The former special adviser added that financial levers, such as cutting interest rates and Quantitative Easing (QE), which the Government was able to use in 2008, are no longer available – a view that has been echoed by other market critics.
Alistair George, chief strategist at Edison Investment Research, said: “By keeping rates so low policymakers took the risk that they would face a crisis without having room to cut rates, and their bluff has been called as markets demand yet another round of QE. This is unfortunately where the world has got to by keeping ultra-loose monetary policy in place for far too long after the crisis of 2008, in our view.”
Alongside fears of a slowdown in Chinese growth and demand, investors are also spooked by fears over elections in Europe’s debt-laden countries Greece, Spain and Portugal.

Global Crash: What They’re NOT Telling You




China’s ‘Black Monday‘ as stock market slides 8.5%

Fortune4 hours ago
… Chinese stock markets remain mostly walled off to foreigners, the reverberations shouldn’t have anywhere the same impact as the Black Monday of October, …

China’s Stock Market Suffers Biggest One-Day Fall Since 2007

New York Times6 hours ago
The ruling party wants to use the markets to raise money for state companies to reduce debt loads and modernize. The party also wants to encourage stock …

Global Stock Markets Suffer ‘Black Monday

Newsweek32 minutes ago
The financial markets were off to a rough start on a morning already being dubbed Black Monday on social media. The poor performance is apparently tied at …
  1. Credit Risk Surges for Europe’s High-Yield Companies Amid Rout

    Bloomberg27 seconds ago
    Chinese shares tumbled by the most since 2007 on Monday, stocks in Germany … sending the yields on benchmark Treasuries to a four-month low and those on …

    ‘Black Monday’: £56bn wiped off FTSE 100 as China fears spark

    Telegraph.co.uk40 minutes ago
    Global currency wars: what China’s devaluation really mean …. Larry Summers, former US treasury secretary, has described a September lift-off as “extremely …

    FTSE plunges below 6000 on China’s ‘Black Monday’

    Citywire.co.uk6 hours ago
    Other major central banks also remain very supportive,’ Goradia said. … This in turn could throw the Federal Reserve and Bank of England’s plans to raise …

    Dwindling Reserves Force Southeast Asia to Escalate Currency War

    Bloomberg9 hours ago
    Southeast Asia’s dwindling foreign-exchange holdings are exacerbating the risk of a currency war as policy makers have little choice but to allow exchange rates …
    Russian currency loses 45 per cent of value since May
    Europe Online Magazine3 hours ago

    Brazilian Real Leads Latin America Currency Rout Amid Sell-Off

    Bloomberg1 hour ago

    The real plunged to a 12-year low, leading losses for Latin American currencies amid a global rout spurred by concern that the economic slowdown is worsening ..

    Stock Rout Spreads After China Plunge as Oil Tumbles, Yen Gains

    Bloomberg10 hours ago
    Russia’s ruble led a selloff in emerging-market currencies, while the yen strengthened and 10-year Treasuryyields slid below 2 percent for the first time since …

    New Zealand Central Bank: Rate Increases ‘Off the Table’ for Some

    Wall Street Journal9 hours ago
    WELLINGTON, New Zealand—Reserve Bank of New Zealand Deputy Governor Grant Spencer said any interest rate increases in New Zealand are likely “off the …

    India’s Central Bank Pledges To Contain Stock Market, Rupee Losses

    International Business Times6 hours ago

    India’s central bank Governor Raghuram Rajan pledged to contain major losses in the country’s stock market and currency. In this photo, Rajanlistens to a ..

    Indian Stocks Tumble Most in Six Years With Rupee Amid Selloff

    Bloomberg4 hours ago
    The gauge touched a four-year low earlier after Reserve Bank of India Governor Raghuram Rajan said central banks should avoid giving “booster shots” to stock …

    India to urge US Fed to defer rate hike plan

    Financial Express18 hours ago
    India would urge the US Fed to defer its plan to raise interest rates when the G20 finance ministers and central bank governors meet on September 4-5 in …

    Won Drops to Five-Year Low Amid Asia Stocks Rout, Korea Tensions

    Bloomberg6 hours ago
    The Bank of Korea will prepare necessary measures to stabilize markets while closely monitoring North Korean risks, the central bank said in a statement after …
    1. Denmark to Borrow 14% More in 2016 as Budget Deficit Widens

      Bloomberg7 hours ago
      The bigger borrowing requirement comes as Denmark continues to exist without government bond auctions as part of the central bank’s effort to defend the …

      Ringgit Sinks With Shares as Oil Keeps Dropping Amid Stocks Rout

      Bloomberg11 hours ago
      The Financial Markets Association of Malaysia said it’s encouraged by assurances from the prime minister and the central bank governor that there are no plans …

      Singapore Dollar Slides Vs USD as Risk Aversion Takes Hold

      Wall Street Journal12 hours ago
      But there is speculation of China’s central bank stepping in soon with fresh monetary policy easing measures, which could alleviate the stock market collapse.
      1. EMERGING MARKETS-Emerging assets hit new multi-year lows on

        Reuters4 hours ago
        “When the central bank intervened in the past it was a Russia-specific move related to sanctions. Now, we are seeing the same story in Mexico, Malaysia, …

    Turkish lira sapped by political uncertainty, central bank inaction

    Economic Times2 hours ago
    Economists have said the central bank desperately needs to hike rates to defend the lira and complain that it is in thrall to President Tayyip Erdogan, who has …

    Vietnam’s bad debts rise to 3.72 pct of loans in June: central bank

    Thanh Nien Daily9 hours ago
    Bad debts in Vietnam’s banking system rose to 3.72 percent of loans in June from 3.15 percent in May, although lending has grown more quickly than previously …

    Fed Likely to Hold Off on September Rate Increase: Business

    Wall Street Journal8 hours ago
    Just 37% of the economists polled said the central bank will increase the federal-funds rate next month, according to a National Association for Business …

    Rand’s Record Plunge Seals Case for South African Rate Increases

    Bloomberg3 hours ago
    The Reserve Bank raised its benchmark repurchase rate by 25 basis points to 6 … The central bank targets inflation between 3 percent and 6 percent and will …

    African Assets Tumble as Commodity Slump Hurts Bonds,Currencies

    Bloomberg1 hour ago
    Eight of the world’s 10 worst performing currencies as of 12:27 p.m. in London were African, with Zambia’s kwacha and South Africa’s rand falling to new lows …

    Rand’s Slump Adds to Nene’s Troubles as Debt-Service Costs Rise

    Bloomberg8 hours ago
    Debt-service costs would consume 10.1 percent of expenditure, compared with 9.6 percent the previous year, he said. Net debt was projected to rise to 42.5 …

    Australian dollar drops as ‘fear takes over’ global markets

    Sydney Morning Herald6 hours ago
    The Australian dollar’s resilience may be over after it fell to a six-year low on Monday after a Chinese sharemarket rout tipped emerging market currencies into …

    Vladimir Putin Pressures Russian Exporters to Sell Foreign Currency

    Chiang Rai TimesAug 23, 2015
    MOSCOW – Vladimir Putin’s government has resumed pressure on exporters to sell foreign currency in an effort to prevent global market turbulence from …
    1. MarketsRouble set for new record low amid EM storm

      Financial Times5 hours ago
      The rouble is on track to close at a new record low as it leads the plunge in emerging market currencies. The dollar has climbed 3 per cent against the rouble …

      Russia’s ruble falls to all time low on China’s ‘Black Monday

      Ukraine Today1 hour ago
      Fears of a Chinese economic slowdown pushed the Russian ruble into freefall on Monday (August 24) approaching all-time lows. The ruble slipped 3% to 71.32 …
    1. Official rate of Belarussian rouble falls 5 pct vs the dollar – Central bank

      Reuters4 hours ago
      … around 5 percent on Monday to 17.601 to the dollar, according to central bank data, coming under pressure from currency volatility in Russia and elsewhere.
  1. Taiwan Stocks Sink to 2012 Low on China Slowdown ‘Panic’

    Bloomberg7 hours ago
    Taiwan equities entered a bear market last week amid concern China’s slowdown and currency devaluation will further dent exports, which has already dragged …
  1. Chile peso slips to new 12-year low, breaks 700 per dollar barrier

    Reuters2 hours ago
    SANTIAGO Aug 24 Chile’s peso currency zipped past the 700 per U.S. dollar level Monday morning, to a new 12-year low, pressured by tumbling prices for …

Daimler Cutting 1500 Brazil Truck Jobs as Demand Plunges

Bloomberg1 hour ago
Daimler AG is eliminating 1,500 jobs at its Brazilian truckmaking division as demand for commercial vehicles in the country shows no sign of recovery. Cutting …

Economists cut Brazil’s outlook for 2015, 2016

MarketWatch10 minutes ago
SAO PAULO–Economists reduced their view for Brazil’s economic performance for this … Brazil’s gross domestic product is expected to contract 2.06% this year, …

Brazil May Register the Lowest GDP in 25 Years in 2015

The Rio Times2 hours ago
The forecasts for the public sector’s net debt have slowly decreased since June, but remained unchanged from the previous report, at 36.15 percent of the GDP.
  1. Brazil Bovespa index slumps to 6-year lows following China

    Reuters40 minutes ago
    Brazil’s benchmark Bovespa stock index last traded 5.7 percent lower at 43,121, its lowest level since early 2009. Shares of state-run oil company Petroleo …
  1. Brazil Leads Latin America Currency Rout as Stocks Join Selloff

    Bloomberg12 minutes ago
    Brazil’s real and its stocks led declines in Latin America on speculation that an economic contraction will deepen as growth in the nation’s top trading partner …
  1. Illinois Towns Drowning in Pension Debt From Hundreds of Funds

    Bloomberg2 hours ago
    The pension-funding crisis undermining the stability of Illinois and Chicago is rippling through hundreds of smaller governments, squeezing budgets as officials …
    1. Christie’s Recovery Elusive as Bond Market Penalizes New Jersey

      Bloomberg6 hours ago
      Bond prices suggest otherwise. The extra yield investors demand to buy New Jersey bonds instead of top-rated debt is holding close to the highest since at least …

      U.K. Property Seen in Bubble Amid ‘Delusional’ Rent Bets

      Bloomberg-5 hours ago

      Proposals by the Organisation for Economic Co-operation and Development to limit tax exemptions ondebt would hurt real estate shares as property companies …

      Italian Bonds‘ Resilience With Spain’s Showcase ECB Firewall

      Bloomberg2 hours ago
      Italian and Spanish 10-year bond yields have risen less than 10 basis points since China unexpectedly devalued its currency on Aug. 11, sparking a selloff in …

      Mideast Stocks Extend Decline Led by Saudi Arabia as Oil Sinks

      Bloomberg6 hours ago
      Moody’s Investors Service estimates the nation’s debt-to-gross domestic product may climb to 6.4 percent this year if the government raises 115 billion riyals …
      1. Puerto Rico statehooders see opportunity as woes deepen

        The Detroit News3 hours ago
        The local government receives lower Medicaid and Medicare reimbursements, … a year inMedicaid alone than if it were a U.S. state, said island congressional …
        1. CANADA FX DEBT-C$ tumbles to 11-year lows asoil dives 4 pct on

          Reuters1 hour ago
          CANADA FX DEBT-C$ tumbles to 11-year lows as oil dives 4 pct on China. * Canadian dollar at C$1.3249 or 75.48 U.S. cents * Bond prices higher across the …

          Angry investors capture head of Chinametals exchange

          Financial Times – ?Aug 23, 2015?
          The head of a Chinese exchange that trades minor metals was captured by angry investors in a dawn raid and turned over to Shanghai police, as the investors attempted to force the authorities to investigate why their funds have been frozen. Investors

      Mexican peso hits record low vs. dollar, could go lower

      The Mexican peso fell to a record low of 17.25 to the dollar Monday amid a broad selloff in emerging-markets currencies. The Mexican currency MXNUSD, -0.758914% recovered slightly in recent trade to 17.10 to the dollar, but many strategists expected it to go lower as a broad selloff in emerging-markets currencies continues.
      CORRECT: Stoxx Europe 600 ends 5.3% lower for worst day since Dec. 2008

      Some advice to China’s government and central bank:
      You’ve tried everything else. Maybe you can put on those slippers and try this:


Related Posts:

If everyone who reads our story, who likes it, helps fund it, our future would be much more secure. For as little as $10, you can support the IWB – and it only takes a minute. Thank you. 23,061 views
Related Posts: