Stock up on canned food for stock market crash, warns former government adviser

[JTrades]

Mod: this is definitely Wall Street / City of London News, not P&R, not Chit Chat.


In a series of Twitter posts, an increasingly-distressed Damian McBride today advised people to prepare for a financial crisis worse than that of 2008, as global stock markets continue to plummet.

The ex-Head of Communications at the Treasury urged British families to put their cash in a safe place, stock up on bottled water and tinned goods, and organise a meeting point with loved ones in case transport and communication networks in the UK go down.

He wrote: "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

"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."

Mr McBride said that Britain was close to reaching a similar point in 2008 - when he was within the Treasury's top team - and predicted that a crisis 20 times worse is about to kick in.

http://www.express.co.uk/finance/ci...r-tinned-goods-over-China-black-monday-crisis

http://www.independent.co.uk/news/u...rns-former-gordon-brown-advisor-10469509.html


Really, that bad?

 

[loyek590]

cheap canned food beats the heck out of that expensive dried survival crap they sell.

 

[JTrades]

cheap canned food beats the heck out of that expensive dried survival crap they sell.

That's the spirit, the glass is half full. Good attitude.

 

[redbox]

Lol

Mod: this is definitely Wall Street / City of London News, not P&R, not Chit Chat.


In a series of Twitter posts, an increasingly-distressed Damian McBride today advised people to prepare for a financial crisis worse than that of 2008, as global stock markets continue to plummet.

The ex-Head of Communications at the Treasury urged British families to put their cash in a safe place, stock up on bottled water and tinned goods, and organise a meeting point with loved ones in case transport and communication networks in the UK go down.

He wrote: "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

"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."

Mr McBride said that Britain was close to reaching a similar point in 2008 - when he was within the Treasury's top team - and predicted that a crisis 20 times worse is about to kick in.

http://www.express.co.uk/finance/ci...r-tinned-goods-over-China-black-monday-crisis

http://www.independent.co.uk/news/u...rns-former-gordon-brown-advisor-10469509.html


Really, that bad?

lol stock up on bottled water? So the financial crash is going to cause the taps to run dry?

 

[loyek590]

That's the spirit, the glass is half full. Good attitude.

last I checked, only 45% of all Americans know they are invested in the stock market. So the other 55% can just keep eating at the drive-thru, unless the drive-thru is traded on the NYSE, then they need to stock up. Get it? It's like a pun. I think it might be my first one ever.

 

[JTrades]

Lol

lol stock up on bottled water? So the financial crash is going to cause the taps to run dry?

He is either:

a) being serious
b) joking
c) creating publicity (marketsurfer-esque)

 

[TheGoonior]

So the crisis that is "20x worse than 2008" is only going to last a month? Are people supposed to cultivate a taste for "human jerky" to hold them over after their month of stocked supplies is done?

 

[EPrado]

I am probably going to buy 2 months of food. If the end of the world last more than 2 months I will convert to cannibalism after that.

These doom and gloom guys are great...they usually are great at calling market bottoms.

I'm curious though.....is a financial crisis going to cause weather patterns to drastically change.....why do we need to plan on living indoors ?

 

[loyek590]

I am probably going to buy 2 months of food. If the end of the world last more than 2 months I will convert to cannibalism after that.

These doom and gloom guys are great...they usually are great at calling market bottoms.

I'm curious though.....is a financial crisis going to cause weather patterns to drastically change.....why do we need to plan on living indoors ?

oil refineries shutdown and the earth starts cooling?

 

[EPrado]

oil refineries shutdown and the earth starts cooling?

Wow. That's it. You convinced me. I live in Florida but will prepare for snow storms and blizzards.