Disregarding whether this really means the end of the world or not, these are the problems I have with apocalyptic news in general:

1) 100 % of it so far has failed to come true.

2) It gives people an excuse to exclaim we're all doomed, and so justify their own inaction.

3) Whoever calls for a doom, but is ignored, immediately thinks he/she is morally superior and important, e.g. "I'm telling you people we're all going to die tomorrow, but you just won't listen." Tomorrow that person is a forgotten hipster, but that's another story.

4) It steals focus from more important issues that are sure to bring real world consequences.

5) Our world isn't going anywhere, except down in the Third World gutter. If there was a button we could press to blow up the world today, I'm sure there'd be lots of people ready to do it.

In a week or so all talk about a coming black hole apocalypse will end, and instead we'll start preparing for a mass invasion of gay aliens or try to expose the secret technological reality of Matrix. But opposed to everybody else who are throwing their hands in the air and screaming for a saviour to save us from redemption, I don't have time to worry about the end of the world. Even if I was to anticipate such a world death tomorrow, I'd still be at home, cooking my family some good food, and kissing my children goodnight.

Doomsday theories are just like entertainment: they provide the thrill and excitement that is currently lacking in the monotonous lifestyle of modern man without actually threatening or challenging them to do anything (just like an action film would do!). It is obvious that many people are simply bored.

Perhaps the biggest curse of "corruption" is that it is not a tangible offensive enemy that you can stand up and fight against. Day-to-day discipline is the only cure and unfortunately that is appealing, exciting and glorious only for those with the vision to see the long-term effect of their actions (quality of character).

From what I remember the crash followed the hurricane that hit Britain (the BBC weatherman had famously poo-pooed the reports he'd received and told everyone not to worry. It absolutely rocked Britain). I was travelling across London that night, and it took me five hours to make a one hour trip.

Due to power outages on a massive scale, roads being closed, and public transport being almost non-existent, the stock exchange closed, and computer trading stopped. There was panic selling (I seem to remember Japan did very well out of it) in the US, and in Britian once the stock market re-opened. The index was down, but it was a knee-jerk panic reaction that caused the fall. I'm not sure that you can really line up all the factors and expect patterns to foretell future crashes. It was just a very weird occurrence.

Originally posted by colloredbrothers
What should I do with my money?

JUST SUGGESTIONS...

For the unsophisiticated...
- A bus ticket down to the Canadian High Commission/Embassy and apply for citizenship
- Pile into Canadian Dollars.
- Middle of nowhere real estate if the SHTF in a big way, like Norther West Territories or Yukon
- Gold or maybe better silver bullion (Remember, FDR seized all the gold)

For the sophiticated...
- Put options on the Dow and FTSE

OP

Even if you are right in your belief that imminent collapse is likely, I am not disputting any ideas that things will and are getting worse for the economies esp the UK

Whats with the headline

CONFIRMED This Morning and the date.

What is confirmed?

By Whom?

What is their evidense of the fact that it will happen that day?

DOOMSDAY?

A little harsh maybe Financial Collapse

or Real Depression starts....

Sorry even if I agree things are going south with the economy and also things will get much much worse soon, Your style is both misleading, unsourced and sensationalist.

PS it will happen AFTER and election not on budget day, and pre election budget will not include the strict policies like in greece are needed to save the UK PLC and £, as politicians dont tell the truth of the policies before elections.

Especially in the UK where since Labour came into power around 20 - 25% of the population is employed in some way or another by the state or local councils.

So it will happen after whoever gets in as huge job losses in public sector, and also the chance of a HUNG parliment if happens could bring the whole house of cards down the day after an election.

Kind Regards

Elf

edit spelling

[edit on 10-3-2010 by MischeviousElf]

Originally posted by colloredbrothers
What should I do with my money?

Put it into gold and silver. Its the only inflation proof method.

Would the 24th Budget be a trigger.

Well if he announces something that spooks the market. It's possible it could trigger a domino effect.

It's well known that the FTSE watches the budget and reacts strongly to it. and if it announces something that the FTSE disagrees strongly with, it COULD send traders running for the door. which then would cause smaller investors to panic in turn.

But that being the case, usual risk aversion would send people into currency or commodities as a safe haven. If people see that the UK economy bubble is bursting. Persoanlly would think you will see the likes of the EUR and USD gaining strength, which could cause a follow on in the other markets. The markets may go haywire. however the currencies would remain at strength. You'll rarely see both market and currency collapse smultaneously! it would be a first.

Inflation would be an unknown. so would interest!

Consider this, if the economy starts to overheat the interest rates can't really go any lower than the 0.5% so which way would they go. if inflation starts to rise higher, they can only go up to keep inflation down. Reaction to this could be deflation. This in my opinion is good for the consumer, but not good for TPTB!! so bring it on I say!!

Regarding future events, nothing is 100% sure.

This is stupid, sorry no star or flag. I even hate posting this here.

These damned politicos still haven't learned the lesson that NO ONE gets a job from a poor person. Taxing anyone at higher rates that makes 150,000 Pounds or Euros or Dollars only hit's those small business owners the hardest and they are the ones that really drive ALL economies!
Zindo

[edit on 3/10/2010 by ZindoDoone]

Firstly, why is this doomsday? What is "Doomsday"? Please tell us what that means for us. This is too vague to make any sense.

Originally posted by Badgered1
The index was down, but it was a knee-jerk panic reaction that caused the fall. I'm not sure that you can really line up all the factors and expect patterns to foretell future crashes. It was just a very weird occurrence.

THe worst crash in 1987 was in Hong Kong? WHy? Because they closed th markets to stop the crash and that simply amplified things. Brown can tend to panic and do club-fisted things as a bullyboy. As a result, there is a risk he could just try to shut the markets in the event of a developing crash.

Sequence of events in 1987.

MiD-WEEK
- Chemical Bank raised their interest rates slightly on inflation worries.
- A sequence of small slides set in in USA
THURSDAY 15th OCTOBER 1987
- Storm hits on Thursday night in UK.
FRIDAY 16th OCTOBER 1987
- Friday, adaptive expectations kick in and Dow drops worst in years as UK can only a sit on sidelines.
SUNDAY 18th OCTOBER 1987
- Report in Sunday Times showing directors selling stock at 9 to 1 ratio, just like now as rats leave the sinking ship.
MONDAY 19th OCTOBER 1987 EARLY MORNING
- Desperate to sell, selling by British to "beat the opening" sneaks onto AUstralian market. Triggers selling and Australian market falls 4%.
MONDAY 19th OCTOBER 1987 9AM GMT OR SO
- London opens. A deluge of sell orders has now piled up at brokerage houses. A groups of major brokerages decide to try to use the event to put the squeeze on small ones and agree to reduce harshly the opening prices by a percent or two. Deluge does not stop and the original plat to raise prices after ten minutes becomes impossible. After a stall in prices falling after that ten minutes, the brokerage houses break rank and work on the basis of "whoever panics first is saved". By noon, the selling slows up and prices begin to slow up, and brokerages begin to tel customers that the worst is over and to consider buying again. My own sell orders are ignored!
MONDAY 19th OCTOBER 1987 - NOON GMT
- Steady flow of sell orders pours in from institutions concerned about fall, stunts any recovery and market retreats back to 6% fall.
MONDAY 19th OCTOBER 1987 - 1pm GMT
- Hushed silence begins to grow at concern over US reaction to UK fall - Trades slow up as everyone watches to see what New York will do on opening.
MONDAY 19th OCTOBER 1987 - 2pm GMT
- Dow Jones opens sharply lower. Massive wave of selling begins.
MONDAY 19th OCTOBER 1987 - MID- AFTERNOON GMT
- Reuters reports that US warplanes have exchanged fire with Iranian vessels and bombed an "oil rig" Every traders reaction is the same..."OK, that's it, they've started shooting". Institutions now mindlessly chuck vast blocks of shares at the markets. By now losses are so great, that not only have almost all stock option dealers stopped answering their calls, but almost all brokerage houses have too.
MONDAY 19th OCTOBER 1987 - 4PM GMT
- Deep concern about being caught out with shares on their hands overnight as Dow Jones dives and is projected to tank whilst London is closed sets in motion a skyrocketing of sales and institutions frantically attempt to dump their entire share portfolio.
MONDAY 19th OCTOBER 1987 - CLOSE GMT
- London closes some 12.7% down.
- Dow jones absolutely tanks as concern spreads about Tokyo's opening.
TUESDAY 20th OCTOBER 1987 - Early morning
- All eastern markets tank
TUESDAY 20th OCTOBER 1987 - OPENING
- As the man on the Clapham Omnibus realises that the stock market has crashed, he too frantically tries to sell. Almost all option trading has seized up and most brokerages have stopped answering their phones.
- Opening is clogged with small sell order on London. London dives.
TUESDAY 20th OCTOBER 1987 - NOON GMT
- Most New York brokerage houses have taken all night to resolve the astronomic volume. At Spear, Kellogg, Leeds, the last trade is matched up less than 30 minutes before the start of trading. Addition finds that Spear, Leeds, Kellogg is still technically solvent and can still trade. Chief dealer decides that they company is wrecked anyhow so decides to continue to trade.
TUESDAY 20th OCTOBER 1987 - NOON GMT
- Dow Jones dives for a second day.
- The computers recording the Dow Jones are now running 92 minutes behind time due to the market volume compared with the ticker-tape at the same point in the 1929 crash which was running 89 minutes behind.
- Most indexes now have to be suspended as all brokerage houses dealing in certain stocks have now suspended trading by leaving the phone off the hook. Without trade in the component stocks, the indexes can't be quoted.
- Through a quirk of the regulations, Spear, Leeds, Kellogg find themselves still able to trade despite being technically cataclismically bankrupt. According to the New York stock exchange, an options trader cannot trade if he is illiquid, but according to the American Exchange, just around the corner, a trader cannot trade if he is illiquid AT THE END OF THE DAY'S TRADING. Chief trader at Spear, Leeds, Kelloggs concludes they are already bankrupt, owing several billion dollars in debts, so she had nothing to lose, so she hangs up the phone on her company's head office and continues to trade. As a result, Spear, Leeds, Kellogg, without realising it, is now the only specialist stock options house left in the western world still trading, and now having to do doing so with individual traders. The whole of America's holdings in stock and shres are now piling up on their books. Two things result, firstly, their losses are racking intot the hundreds of billions and secondly, their continuing to trade means that all component stocks of the American Main Market INdex are still quotable as her team continues to set prices meticulously based on supply and demand as she is contracted to do so.
TUESDAY 20th OCTOBER 1987 - 1pm
- Dow has now fallen 666.67 points.
- With everyone concluding that stocks are unsaleable, sell orders fall and a bunch of speculators brave the market, enough to bid up a couple of the stock at the Spear, Leeds, Kelloggs pitch. As a result, the American Exchange Main Market Index turns from red to blue on all the brokerage houses across the world. In seconds, Spear, Leeds, Kellogg are inundated with buy orders that sends the Amex Main Market Index hurtling upwards and all the associated stocks and clearing the SLK debts in minutes.
TUESDAY 20th OCTOBER 1987 - MID AFTERNOON
- With the turning of the Amex MMI, traders conclude that the low has passed and begin buying on all the indexes as option and stock traders race back tot heir desk. All the indexes rise and follow a 50% retracement..

Doomsday confirmed !!!

I guess I can just quit my job and just hang out and have fun for the next 14 days. Its all over on the 24th and it has been confirmed !!!

As soon a Alastair Darling stands up and presents his "give-away" budget" to the House Of Commons, the following will be likely to occur...

- UK Stock Market collapse
- US Stock market collapse
- Collapse of various financial institutions such as pension funds, insurance companies etc
- Bailout by Gordo using public money furher borrowed.
- Rerating of UK bonds.
- Refijnancing of ordinary business near impossible
- Refinancing of Government debt becomes near impossible.
- Mass layoffs in the financial services
- Mass layoffs in industry.
- Mass protests by "wiped out" middle class
- Whilst "no one is looking" Israel hits Iran
- Mass protests in UK and US turn ugly.
- Gordo imposes pseudo-martial law.
- Gordo might suspend elections "temporarily" due to civil disorder which he CAN DO by going by gaining permission from the House of Lords which he and Tony Blair have packed with flunkies.

An explosive situation then would develop in both UK and USA just like in pre-revolutionary France.

If this is true then...

Well then WTF, are you trying to warn these ahem I mean us morons?




I have been preparing for this crash, end of the world whatever you call it, since I was a kid..



These err, us morons do not need warned..

they would rather fight err we, would rather argue about it and how, then perhaps think about what they would do if it happened..



you cannot force people to think...

should retitle your title with my best guess.. Because if you knew this as fact you would not share.. You would be working on how to best position yourself, if you were not a moron..

besides its to late for the people here.. If they are just now starting to figure it out its probly to late now.. The shock of what happens is going to set in trauma.. Like on tv when you see a movie and all those people just sitting their in shock after a big accident or something.

I call them the victums..


[edit on 10-3-2010 by Bicent76]