A former advisor to Gordon Brown has urged people to stock up on canned goods and bottled water as stock markets around the world slide.
Damian McBride appeared to suggest that the stock market dip could lead to civil disorder or other situations where it would be unreasonable for someone to leave the house.
“Advice on the looming crash, No.1: get hard cash in a safe place now; don’t assume banks & cashpoints will be open, or bank cards will work,” he tweeted.
“Crash advice No.2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping….“Crash advice No.3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.”
“We were close enough in 2008 (if the bank bailout hadn’t worked),” he said. “and what’s coming is on 20 times that scale”.
Hundreds of billions wiped off world’s financial markets today, as Chinese rout sends shares tumbling in Europe, Asia and the US…
Go capitalism.
US Markets Join Global Sell Off Panic – live blog (Guardian)
Spencer Platt/Getty
Why a month? If something that bad is coming, why would he assume it’d all be grand after a month?
My rallying point is going to be the local McDonalds.
After a month most of the violence will have died down and it’ll be safer to leave your house and scout out your neighbours for extra supplies.
The worst would be over after a month and society can start to rebuild. But sure dont we all have the supplies for when the Gays married and we expected god to smite us all. And for the economy to fail and for dogs to start marrying cats. And what not.
You’re joking but there are proper nutters out there that will blame it on that.
Not to mention your predilection for just jackin’ it.
Well, it could be worse.
https://www.youtube.com/watch?v=frAEmhqdLFs
So boom/bust system does the bust bit.
https://www.youtube.com/watch?v=cSU_5MgtDc8
Twice in a decade, eh?
Maybe we need to rethink entrusting the fate of the entire world to the shaky hands of ‘panicked traders’ now, no?
I don’t see anything wrong with having a global economy based on some bloke in an office making up the value of things for sale that aren’t real. What could go wrong?
*some bloke in an office on cocaine…
*with his hand up a hookers skirt
Aged 21
You shouldn’t run yourself down
…mmm…Lidl was out of tinfoil when I was in yesterday…
*Repacks bunting, disco ball, and cocaine mirror*
Who cares? I’ll eat the dog
And then the cat and wasps and frogs
Come on ye Bears and blow yer loads
A fupp I could not give ye warty toads
Ah sure, nothing to worry about, the 99% have only just begun to recover, so…. only the 1% have anything to lose, right?
I bet baked bean futures are going through the roof. Not to mention those in shotguns, bottled water, Mad Max costumes…
doom doom doom etc
Well I’m grand and always have been so everyone else can feck off. And if things do go bad then I go back to the farm and sit out the front with my shotgun and live of the fatta the land
It’s alright for you, you’re a worm… with a shotgun
Chillax peeps – the Dow Jones is now only 1.76% down on opening. I fear a stockmarket bubble if the recovery continues at that pace. Get your champers and Ferraris now before they’re out of stock!
They should just decide that the things they need to be worth more are worth more. Simple economics.
US market ticking back, particularly tech and pharma stocks in to positive territory compared to yesterday already…
Its when it lasts more than one day you start to panic.
That’s a shame. I’ve already eaten the neighbours
Perhaps he is overstating it. However, there is another bust coming. Noonan’s house of cards is looking shakier and shakier. Interest rates can go no lower, quantitative easing has not stopped the rot and the banks have already been bailed out – when it does hit, we are all in for a shitstorm.
But sure, vote Fine Gael and Labour or even Fianna Fail, aren’t they stability.
lol, because the lefts will save us yeah? they’ll do an excellent job, like they did in Greece of chasing all of the money out of the country, refusing to pay any debts and then getting butt-hurt when no one wants to lend to them anymore
Noonan has been great, him and Leo and my men
I don’t see what the government of this country in any composition has to do with the price of a cup of tea in China (or shares for that matter).
He may well (accidentally) be right.
Bit strange to be sharing his thoughts as authoritative.
He is a vicious, political PR wonk not an economist.
There was loads of this crap during the last crash. Society isn’t going to fall and the markets will right themselves once people like this moron stop worrying investors.
So what you’re saying is basically champagne is about to get a lot cheaper?
I’ll get me gun
You know what they say….
https://www.youtube.com/watch?v=SJUhlRoBL8M
Generally, its advisable to have some Winter readiness in place – like having bottled water, tinned goods, means of heating them off grid, first aid kit etc for power outage in case of snow, freezing temperatures and whathaveyou
But as for panicking, meh. Market plummet, but bounced back up. we’ve had market chaos for years at this stage and life goes on.
Plant a veg garden if you’re really worried. All that outdoor work is good for the soul.
Some commentators and journalists have had ‘apocalypse’ bookmarked in a thesaurus on their desk since 2008.
2008 was a great year in my life so does this mean it’s going to get even better?
If i could go back to that year I’d do it all differently. It kills me that I can’t.
botched operation? explains the angst….
Anyone have a space going in their bomb shelter?
How many packets of dried noodles will you have with you? And tinfoil, for the hats we’ll need!
Bart: What’s really amazing is this is exactly what Dad said would happen!
Lisa: Yeah, Dad was right!
Homer: I know, kids, I’m scared too!
* Buys boxset of Doomsday Preppers *
Mercille is going to love this.
It’s a marginal correction the Dow can’t sustain all those supposed super companies like fake book, googs, Lincoln, twatter, aliba and that fruit company which leaves pips all over the place. These are all advertising based perpetual poop machines. China ain’t got time for that.
this so called ‘expert’ clearly hasn’t seen this…
https://www.youtube.com/watch?v=JTuzdaqDP1E