4um: PREPPERS PREP - Stock up on canned food for stock market crash, warns former Gordon Brown adviser

Title: PREPPERS PREP - Stock up on canned food for stock market crash, warns former Gordon Brown adviser
Source: [None]
URL Source: http://www.independent.co.uk/news/u ... on-brown-advisor-10469509.html
Published: Aug 24, 2015
Author: Jon Stone
Post Date: 2015-08-24 14:33:00 by HAPPY2BME-4UM
Keywords: None
Views: 116
Comments: 11

A former adviser 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.”

Read more:
China stock market crisis: FTSE 100 sheds billions in single day
Bloodbath for global markets as US markets nosedive
Chinese investors are so angry they have started kidnapping people

Mr McBride credited his former boss Gordon Brown with preventing a cataclysm by nationalising the banking system during the 2008 crash.

“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”.

Financial markets are unstable and periodically suffer crises which can have devastating consequences for the wider economy.

China's "Black Monday" has plunged the global financial markets into chaos. The Shanghai Composite Index, China’s most important stock market index, was down 8.45 per cent, erasing a year’s gains in a day’s trading.

The FTSE100 fell 4.5 per cent, hoping £60bn off the price of UK shares, and the Dow Jones in the US fell by over a thousand points in its first minute of trading.

Some analysts have suggested that the stock market slide could be the start of a new global financial crisis.brightcove.createExperiences();

Mr McBride’s suggestions about stocking up on canned goods, setting rally points and stocking up on bottled water were ridiculed by some users on Twitter as over the top, however.

Mr McBride was special adviser to Gordon Brown and head of communications at the Treasury for a period during the last Labour government.

I don't know - having cash on hand, not depending on banks or ATM's, 30 days of food and water stockpiled and having a bug-out/meet-up location planned.

Of course, that goes without saying. It's the never-ending "This event portends TEOTWAWKI, not the event yesterday, or last week, THIS event Is The One". It's old. It's the same crap I heard in Sunday school for so many years: "I've made a special study of Revelations and I have seen The End!". Umm-hmmmm.

I agree; it gets very old and silly, especially if you've been hearing it your whole life. that guy named Lindsey Williams comes to mind as the consummate breathless, absurd fear monger. gerald celente, although he's a much cooler cat, is another one. it's always the sky is falling with these people.

I tell prophecy fiends (1) God doesn't want any clock-watchers, and (2) I've never seen anybody actually make sense of prophecy and make it stick.

Re #2, the spectacular failures are too numerous to mention. A particular fave: The 1979 Late Great Planet Earth flick. When discussing how the Antichrist would be a man so charismatic he would win the hearts of all mankind, they showed a picture of then-prez Jimmy Carter :-) I guess nobody's ever skewered Hal Lindsey for that one, he's just gone on with his Business.

Read more:China stock market crisis: FTSE 100 sheds billions in single dayBloodbath for global markets as US markets nosediveChinese investors are so angry they have started kidnapping people

Read more:
China stock market crisis: FTSE 100 sheds billions in single day
Bloodbath for global markets as US markets nosedive
Chinese investors are so angry they have started kidnapping people