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

1. Very bad advice — in fact disinformation sabotage. If the British followed that advice and tried to pull all savings out of the banks it would reduce bank reserves forcing contraction of lending — making fewer and smaller loans and calling in loans — which would destroy five to ten checking deposit pounds for each paper pound one obtained — this deflation would very quickly implode the economy. An enemy has sowed this poison seed among the British. The biggest stake the country has is to keep the quantity of bank deposits safe because that is what we use for money. All money is loans and if loans are called in there is no money. Furthermore all money you pull out will be spent buying from a retailer — and all retailers have to deposit their money so they can send checks to their suppliers the wholesalers and wholesalers to the producers with all of these paying workers — if the money is not there businesses will go under and people will be fired. Canned food is not going to help anyone for long — a breakdown would increase robbery to such an extent that your canned food would most likely go to whichever robber is most proficient. And who would pay the police? Forget being a survivalist. WE MUST KEEP THE PRESENT ECONOMIC AND BANKING SYSTEM GOING EVEN AS WE MUS THINK OF A BETTER SYSTEM TO REPLACE IT AND A MEANS OF TRANSITIONING TO THE BETTER SYSTEM WITHOUT ANY DISRUPTION OF THE SUPPLY OF MONEY AND CREDIT. This is best done by the government taking back from the Federal Reserve the power to create money. The government should provide permanent money directly to every person and that should be the only source of new money in the economy. People will spend this money into circulation and in that way the economy cannot be shut down by bankers because aggregate demand from consumers (that is, from the household sector) will sustain the production sector and the public sector (because aggregate consumer demand pay businesses which pay wages which payments are incomes that government taxes. That will save the country and give it an economy in which the people — the household, the consumers, the domestic producers — are sovereign. A permanent money supply with all new money originating in the hands of the general public is true democracy and is far better than the oligarchic system of banker led debt-slavery on the global plantation. Stop listening to people who want you to invest in their financial products or buy gold from them — and start listening to people who really want to save the economy and who really know what they are talking about.

   Reply

   • There is a solution to a current system:
     Resource Based Economy as proposed by The Venus Project (you can read more on: http://www.thevenusproject.com ).
     I recommend you look into FAQ section for more info.
     We need to initiate the transition into RBE through use of universal basic income and job sharing.
     Problem is, the politicians are NOT problem solvers.
     They know little to nothing about science and technology (on which society depends on to not just survive, but thrive).
     One of the major issues with the current socio-economic system is that its a recipe for disaster.
     It has no stability, depends on infinite growth on a finite planet (equivalent to suicide), and we do not use science and technology for betterment of everyone.
     Preparing for a possible huge collapse of the economy is hardly a fantasy.
     I think that getting canned goods (or long lasting foods) is a prudent course of action at any time (its good to have things on hand)… but I don’t think one should rush off to the store and spend huge amounts of money in one stroke (that could possibly indicate the use of scaremongering tactics for the purpose of spurring people into spending money).
     Retrieving cash from the bank in bulk over a course of few weeks for example is not a bad thing either.
     It’s good to have cash in a place that’s secure if you need it should the banks close and cards stop working (just look at what’s happening in Greece – it could be something we could experience in other countries around the globe).
     My flatmate does that anyway and only keeps smaller portions of money in the bank at any time – everything else is handled via cash.
     I prefer keeping larger portions in the bank for easier storage of course and overall security (plus its easier to use it like that to buy stuff I need – I don’t really spend money on things I don’t need or go into debt), but seeing the state of affairs in the current socio-economic system, its not a stretch to think a much bigger collapse is happening.
     Mainly this seems to be precipitated due to massive automation (which incidentally is a good thing overall as it can free Humanity from the drudgery of working for a living, but very bad if we continue to use the existing system where you need to work and money for pure survival and continuous living).

     Reply

2. Paranoid dude! The Chinese stock market collapsed and the world didn’t stop. The other stock markets will collapse too, and the world is not going to stop.

   Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.