Should people starting perparing for a default

ilovesleep

The euro is on the verge of collaspe. Big news at politics.ie

Are people perparing for a default? By buying tinned foods, candles, camping gas, blankets, vitamins, what ever else you can think of here.

CommuterIE

ilovesleep wrote: »

The euro is on the verge of collaspe. Big news at politics.ie

Are people perparing for a default? By buying tinned foods, candles, camping gas, blankets, vitamins, what ever else you can think of here.

The Euro won't collapse, this country will however, only a matter of time before we declare default. The government know this, they are just waiting to use the IMF as an excuse for savage austerity

easyeason3

I don't know what a default will mean so therefore I can't be worried about something I know nothing about.


BTW whatever happened the pimple on your arse?

My name is URL

CommuterIE wrote: »

The Euro won't collapse

It will.. I'd put my negative equity on it.

wild_cat

ilovesleep wrote: »

The euro is on the verge of collaspe. Big news at politics.ie

They yell apocalypse over there a few times a day and it never happens.

AnamGlas

Can anyone give me a quick definition of default?

wild_cat

easyeason3 wrote: »

I don't know what a default will mean so therefore I can't be worried about something I know nothing about.


BTW whatever happened the pimple on your arse?

Google Argentina and collapse.

xoxyx

My name is URL wrote: »

It will.. I'd put my negative equity on it.

I'll see your negative equity, and raise it with all the savings that I don't have.

A default what though?

generally my default response to these threads are, "oh … great"

Biggins

I have four walls, a roof and me weapons - come and get me ya North Koreans!
You'll get my Euro over my dead body - and ya can keep your ruddy swans too!

Mint Sauce

I'm checking under the mattress to see if I still have all those Punts I was saving for a rainy day.

Biggins

irish-stew wrote: »

I'm checking under the mattress to see if I still have all those Punts I was saving for a rainy day.

Must be a big bed.
What are ya doing with Venice boats under your bed for gawds sake! :eek:

CommuterIE

AnamGlas wrote: »

Can anyone give me a quick definition of default?

Jesus ****ing Christ!!! Default is when you cannot pay your debt! So you renege on a payment or several... anyone in AH know even basic Junior Cert Business Studies??!?

strokemyclover

Not yet, the EU is "safe" for another 2 years at least....then we jump ship and join China. I wonder what Boards will be like then?

Absurdum

I sleep on a bed of Swiss Francs :ohh yeah:

Biggins

AnamGlas wrote: »

Can anyone give me a quick definition of default?

Its default of Fianna Fail that we in this mess greatly!

CommuterIE

strokemyclover wrote: »

Not yet, the EU is "safe" for another 2 years at least....then we jump ship and join China. I wonder what Boards will be like then?

Heh, restricted to the admins only :P

W.Shakes-Beer

Absurdum wrote: »

I sleep on a bed of Swiss Francs :ohh yeah:

Is Swiss Frank rough on yer arse?

easyeason3

CommuterIE wrote: »

Jesus ****ing Christ!!! Default is when you cannot pay your debt! So you renege on a payment or several... anyone in AH know even basic Junior Cert Business Studies??!?

He asked a question that many people, including myself, don't know the full impact of what a default means.

There's no need to be dick about it.

Absurdum

W.Shakes-Beer wrote: »

Is Swiss Frank rough on yer arse?

not as bad as Swiss Toni was

ilovesleep

Mr.S wrote: »

So its just me that's noticed everyone getting jobs around me, people starting to have money again etc?

Seriously, since about June any one I know that has actively looked for a job, has got one. pfff. If everyone stopped sitting around moaning and being scared about the recession/Ireland being broke etc we'd all be better off.

Italy is going down the pan. This is a european problem that has feck all to do with rare job openings

sollar

I'm looking at Jean Claude Trichet on Sky News and he looks mighty pale.

phasers

So what will actually happen if Ireland defaults? I honestly don't understand.

Crazy Horse 6

Mr.S wrote: »

So its just me that's noticed everyone getting jobs around me, people starting to have money again etc?

Seriously, since about June any one I know that has actively looked for a job, has got one. pfff. If everyone stopped sitting around moaning and being scared about the recession/Ireland being broke etc we'd all be better off.

It's just you

Crazy Horse 6

phasers wrote: »

So what will actually happen if Ireland defaults? I honestly don't understand.

Well that money you have in the bank that's guarenteed :pac:

phasers

Crazy Horse 6 wrote: »

Well that money you have in the bank that's guarenteed :pac:

So my €2.40 is safe?

Mint Sauce

Crazy Horse 6 wrote: »

Well that money you have in the bank that's guarenteed :pac:

But it will be worth shag all.

Richard Hillman

Dont cash in your gold just yet

phasers

irish-stew wrote: »

But it will be worth shag all.

This is the main part I don't understand. I don't trade on international markets, I buy milk in aldi. How can the money just become worthless?

joshrogan

phasers wrote: »

So what will actually happen if Ireland defaults? I honestly don't understand.

All the electricity/gas will be cut off, no more imports/exports and we'll be sold off in a big brother style TV show where camera's are set up at various locations around the country for the amusement of other nations. Each week they vote to kill off one county until finally 2 are pitted against eachother in an all out primetime TV battle to the death, the winners will be given Ireland and our debt will have been wiped clean for the last county to rebuild from the ground up.

J. Marston

CommuterIE wrote: »

Jesus ****ing Christ!!! Default is when you cannot pay your debt! So you renege on a payment or several... anyone in AH know even basic Junior Cert Business Studies??!?

Relax.

Jesus.....

Solnskaya

heads.crack.goo.feast.time.???I've my machete ready, and a list of feckers with tinned goods drawn up.:rolleyes: Yawn. We don't scare so easily anymore OP, we've all been here too many times, thanks to jonjothemiser.

Mint Sauce

phasers wrote: »

This is the main part I don't understand. I don't trade on international markets, I buy milk in aldi. How can the money just become worthless?

I may have said to much, I get slightly lost at that point as well.

The Left Hand Of God

There will be two euros.

The good one. And the not so good one.

My money is in a German bank so I hope I made a good choice.

oppenheimer1

ilovesleep wrote: »

The euro is on the verge of collaspe. Big news at politics.ie

Are people perparing for a default? By buying tinned foods, candles, camping gas, blankets, vitamins, what ever else you can think of here.

While the problems with the Euro are serious, there is nothing ordinary people can do about it. So there is little point in worrying about something you cannot control. If it happens - it happens and we can deal with it then. If the european banking system collapses well then there will be no safe havens for money.

As for what they discuss over on Politics.ie, the end of the world is predicted twice daily there. One day they'll be right of course but they forget about all the times they were wrong. Some there get really hyped up over whatever "zerohedge" blogs. Some prominent posters who wax lyrical on macro-economics are far from the centre of the financial world if they can post on the topic all day every day. They are as clueless as anyone else and not to be paid any heed. In fact they are dangerous morons who thrive on stoking fear and I refer to them as social arsonists.

mackg

wild_cat wrote: »

Google Argentina and collapse.

The world cup didn't go well for them but....;)

phasers

Does Antarctica have a currency? That's probably a safe bet.

parker kent

phasers wrote: »

This is the main part I don't understand. I don't trade on international markets, I buy milk in aldi. How can the money just become worthless?

Prices change so rapidly that everyday items rise exponentially and money becomes worthless.

Look up cases such as these:http://www.cnbc.com/id/41532451/The_Worst_Hyperinflation_Situations_of_All_Time?slide=4

Do note though that these are the ultra worst case scenarios. But this is how your money could conceivably become worthless. Whether you buy milk in Aldi or not is irrelevant if the cost of milk rises 1000% in a week. Unless you plan on sucking milk straight out of a tit, you're in bad luck!

7sr2z3fely84g5

We wont default,we have the croke park agreement :rolleyes:

sollar

Tadeo Square Granola wrote: »

We wont default,we have the croke park agreement :rolleyes:

:rolleyes:

Messi2

People will continue to do nothing.
People will continue to moan/cry/shout its the end of the world on Boards.
Life will go on.

/Thread.

phasers

parker kent wrote: »

Prices change so rapidly that everyday items rise exponentially and money becomes worthless.

Look up cases such as these:http://www.cnbc.com/id/41532451/The_Worst_Hyperinflation_Situations_of_All_Time?slide=4

Do note though that these are the ultra worst case scenarios. But this is how your money could conceivably become worthless. Whether you buy milk in Aldi or not is irrelevant if the cost of milk rises 1000% in a week. Unless you plan on sucking milk straight out of a tit, you're in bad luck!

Thanks for the link, it makes it a little bit clearer.

So will the government have to issue some kind of redenomination?

I seriously don't get this, it's all the same paper and the country is in the same situation but a redenomination stabilises things a bit?

errr, I'll try again in the morning I think.

J. Marston

If there was a default and I had money in the bank, would it be safe or what? Serious question.

mackg

Read about Argentina and it said there were 30-40000 people making a living scavenging cardboard off the streets!

veryangryman

Will you all stop boring everybody and focus on the pimple on her arse story!!

Praytell ilovesheep!! :pac:

Trigger76

parker kent wrote: »

Unless you plan on sucking milk straight out of a tit, you're in bad luck!

Every Cloud eh... I guess the glass is neither half empty or half full

wolf moon

Certainly, we should all live in constant fear and depression full of suicidal thoughts...
No sun rises tomorrow. Come on everyone, just grab a rope...

Fuk1n recession scaremongering in it's best.

Gummy Panda

Oh look a ilovesleep thread.

Is it about?

a) her sex life with random old men
b) the 'traitor' government
c) the EU collapse / IMF slavery

/sigh

7sr2z3fely84g5

Argentinian default lead to rioting overnight,i think this bank guarantee was ministers jumping to save their pensions and not to be strung up and hung by the general public.

bryaner

J. Marston wrote: »

If there was a default and I had money in the bank, would it be safe or what? Serious question.

Get it into Swiss Francs lively..

squod

J. Marston wrote: »

If there was a default and I had money in the bank, would it be safe or what? Serious question.

In a bank in this country, kidding right? The euro is likely going to collapse. Every right thinking human on the planet has taken their money out of Irish banks three years ago. It's why we're in so much pooh-pooh. €60+bn left Irish banks in winter 2008.

Non Euro or non Dollar reserve currencies only.;)