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

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?

 

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.

 

Lol

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

 

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.

 

He is either:

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

 

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?

 

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?

 

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