EU referendum, brexit and the aftermath

No. That time was six months ago. Next best time is now. I dont think there'll be significant food shortages but havign a well stocked larder is never a bad idea. Best case, if nothing happens, and you don't eat it, you can donate to a food bank.

JWestland: Already did that, I’m short sterling (UK mortgage, income pegged to USD) and I’ve dodged all the civil unrest by moving to Hong Kong, oh wait.

^ hah, woops!

Well I have no such luck, no mortgage or big saving. I have maybe £5000 to invest/move.

So change it to USD/Euros perhaps?

Or get that armoured van for my commute in Belfast :p

Opening a euro account in 2015 has turned out to be a very good decision for me.

Hi, Rees Mogg? :p

Genuine question. Is if now time to start stockpiling canned food?

No. The issue is fresh food.

Now is the time to stockpile seeds.

And seed potatoes, you can grow them in a bag on your patio.

I doubt it will be so bad we all starve (and ROI won't let it happen, pissed off as they are they have surplus food) but the drop in the pound/job losses, an angry ROI, Scotland/NI frustrated they can't get any border polls/indyref w/o permission from a government they don't like are going to make for "interesting times"

#noketo tho

I have officially asked for my company to support my relocation to the Continent if Brexit looks like it might actually happen. Time to work on the grade C that I got in GCSE French...

Savings will be irrelevant when hyperinflation kicks in.

I'm contemplating converting all GBP cash savings into stainless steel professional series Rolex watches. Transportable, high value assets that are price appreciating. Not sure my wife would see my buying some luxury watches in quite the same way though!

Would it finally be a good time to answer the phone to all those debt companies?

Well surely that will make everyone buy British (sarcasm)

How can you even prepare for that... get a lot of £ and live of other money, wait for the hyperinflation to subside and now you are rich? Cos you now have £100 for the £1 you put in?

Or, hedge fund and bet against your own currency.

Or get USD and pay in these... yey.

How can you even prepare for that

Have a fuck tonne of existing cheap debt

Convert cash to Rolex in anticipatory move

Good time to buy a house then, nice bit of debt, as long as I have enough euros to pay it off ;)

Hyperinflation though...you think it will really be that bad?

I mean, I expect a huge mess and job losses and the £ dropping 20% or more on no-deal, but the UK will come crawling back soon enough. (well...in 1-2 years? can it really get that bad?)

I mean the mandate of the government is paper thin, and it has no mates if that happens.

Rolex tho.

Have a fuck tonne of existing cheap debt

As in, borrow £500,000 and buy € with it?

Bitcoin preferably. Nothing could wrong.

https://www.theguardian.com/politics/2019/aug/06/michael-gove-accuses-eu-of-refusing-to-negotiate-new-deal

Here comes the 'It's all the EU's fault' line. When all the no deal shit hits the fan and half the country goes wild about how we've been stabbed in the back by the dirty EU...ugh...

I distinctly remember Michel Barnier who, when giving his speech at Lancaster House set so many contradictory and harmful red lines for the EU side of the negotiations.

Or, hedge fund and bet against your own currency.

Yep. Disaster capitalists stand to do the best out of a no-deal.
https://inews.co.uk/news/tory-donor-bets-300-million-on-losses-for-uk-firms-after-no-deal-brexit/

So, is there anything -we- can do to profit?

Bar move all our money into Euro/USD accounts, and rack up cheap debt?

And when it is time? Early October?
Or, do it now, as the only loss is some exchange fees, but some companies give you good rates, so if a no-deal doesn't have the loss is small?

Gutted I missed out on crypto and fidget spinners. I’m ahead of the game this time with stockpiles of fentanyl and kitchen knives.

So, is there anything -we- can do to profit?

If you are already invested in global shares in theory you will get more £££s back.

But if a deal happens then currency can swing the other way, so it is not risk free. Hence Rolex.

Hyperinflation though...you think it will really be that bad?

This country is now being run by ideologically-driven disaster capitalists, supported by increasingly fanatical ethnonationalists. When we crash out and things start failing, they're not going to acknowledge their mistakes, they're going to blame everybody else. So there's no reason to expect rational reactions to problems, there's every reason to expect them to double down. All presided over by a clown who has already declared war on Europe, wearing a tin helmet and invoking the spirit of the blitz.

Yes, it could get that bad. Bannon would be delighted.