AND CUE...BAIL IN!

With the warning from Damian McBride to stock up on water, tinned food and cash, we can now look back and wonder what clues were placed in front of us that something big was a comin'.

But first let us recall what happened just after the last crash. We bailed the gambling banks out and are now suffering austerity. There was then some soul-searching among the banks, and they promised they would never do it again, so we watered down legislation enforcing Glass-Steagall measures.

Will we be able to bail them out again?

Here is what McBride says:

Simply this, @AndrewzCooper - we were close enough in 2008 (if the bank bailout hadn't worked), and what's coming is on 20 times that scale.

— Damian McBride (@DPMcBride) August 24, 2015

Twenty times worse?!

So we won't be able to bail the banks out with national credit.

But what about your money? Yes. That deposit account for little Johnny? That savings account for a rainy day? The banks can't have that to bail them out, can they?

For the answer to that please read YES SOMETHING IS AFOOT : THE BAIL IN posted last October.

THEY ARE COMING FOR YOUR MONEY!!

I warned you all to split your money into much smaller deposits, e.g. split £50k into 5 x £10k, and with as much easy access as possible.