Wednesday, 8 October 2008

What if the world goes bankrupt and other such questions?

Wednesday is MM day (mad mother); every Wednesday she catches her local bus and I drive into the little local market town, where we meet. Wednesday is market day and in the little local market town there is one of the largest and most diverse markets in the UK. Every Wednesday we convene at a local cafe for tea (which is wrong - it should be a cafe for coffee and a cosy for tea!)

This Wednesday the global economy has dissolved into a puddle of mud. MM tells me that she was born on 5th May 1929 (which I know) and that was the day the great crash hit the US (which I need to check - she has a habit of mostly being wrong then, just to upset me, occasionally being right). Note to self - check details BEFORE blogging.

So, MM asks me what will happen if Iceland is bankrupt - not too much to affect you, I say, unless you are invested in whale blubber (Note to self - apart from banking - what are principal economies of Iceland?). What happens if world is bankrupt, asks MM. Well, I replied, I will dig up my lawn, plant vegetables and keep chickens. MM laughs, but honestly I have no idea, however the planting vegetables and keeping chickens may be a good start.

Meanwhile recyled cardigan proceeding well; socks have had a few more rows added .. nearly at heel on 2nd sock; accessories for christmas swap gift have arrived ... fabric and things, and we had salmon en croute for dinner.

I have promised MM that I will help her make sense of her banking - which is a good thing because it will save me sheepishly accompanying her to the bank every Wednesday to get confirmation of what I know and MM has forgotten :(

Meanwhile, what if the world does become bankrupt? .... well I have some very fine stash, some of which I am willing to barter for some vegetable seeds and some chickens.

Chat soon
xxx

5 comments:

cookknitwine said...

..... The decline then accelerated into the so-called "Black Thursday", October 24, 1929. A record number of 12.9 million shares were traded on that day. At 1 p.m. on Friday, October 25, several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor ....

Source Wiki ... knew she'd be exagerating somewhat!

cookknitwine said...

Iceland ... Main industries fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism ...

so not so much whale blubber then .....

grant42 said...

Thats my mums birthday October 24th.I am sure a solution will be found(i hope)

Suse-the-slow-knitta said...

just knit from the stash and stay cheerful!

Sheila said...

hope they do find a solution and fast...
I just thought of a saying from Laurel and Hardy " Thats another fine mess you got us into" lol

 
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