“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.”
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.”
Yeah, the news really is that good
The Chinese have proven that you cannot stave collapse off indefinetly
Sure, they were building three Chicago sized cities every three years
But you can’t do that forever
Whomever actually believed that China was still growing at 12% annually after the crash was deluded
And if you don’t already have at the very,very least a solid one month supply of food you haven’t been paying attention.
I know I keep saying that it is coming, but hey even a broken clock is right once a day