Politics Website

Life Insurance Compare, a UK based money saving online insurance comparison web site, is warning the worst of the economic downturn may still be in the future if several well-known financial analysts are proved accurate. It is prompting the general public to think about cutting back on expenditure and setting aside savings in preparation for the economic climate worsening. This in light of revelations from the British Prime Minister David Cameron that the UK’s debt situation is a lot more serious than originally thought.

Certain commentators and trend predictors go as far as to propose a serious structural meltdown in the western financial systems and speculate this could lead to additional wars and perhaps even martial law at home as hard pressed government authorities try to maintain stability. Greece is given as a prime example of how quickly public order can deteriorate in response to financial hardship.

In the age of globalisation a domino falling in one region could quickly cause a number of similar collapses around the globe. Europe was extended to the limit in curtailing the complete failure of the Greek economic system. How would it fare if a much bigger country such as the UK experienced comparable problems?

Despite this many analysts believe the real problems will materialise in the US.

In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June – start of July 2010, as he specified on 10 December 2000 – Igor Panarin

The crisis is accelerating and will become worse week by week until the whole system grinds into a collapse, likely sometime this year. And when it does, it will be the greatest collapse since the fall of the Roman Empire. – Lyndon Larouche

DOW will fall below 7,000 before mid summer 2010- Dollar will rise above 95 on the dollar index before mid summer 2010- Gold will bottom out below $800 before mid summer 2010- Silver will bottom out below $10 before mid summer 2010- CA debt implosion will start its major downturn by mid summer and hit crisis mode before Q4 2010- Dollar index will plunge below 65 between Q3 and Q4 2010- Commercial real estate will hit crisis mode in Q4 2010- Over 35 states will be bailed out by end of Q4 2010 by the US tax payer End of Q4 2010 gold will hit $1,600 and silver jump to $35 an oz. – Jimmy “Doomsday”

LifeInsuranceCompare.net delivers some essential tips in planning for the possible forthcoming storm and urges consumers to take actions now rather than bet on economic recovery.

“Expensive luxuries such as alcohol, tobacco and other non-essential goods and services should go first. Take whatever money you would have spent on these items and save it and watch how quickly the cash builds up.”

“Don’t necessarily keep all the money in a bank, keep an emergency amount well hidden at home in the event the banks close their doors.”

Reviewing existing financial arrangements is a great tactic. For example, if you set up your life insurance some time ago it is possible the premium that you are paying could be decreased by looking around and benefiting from ever more affordable policies. Insurance comparison web sites are a great place to start and can immediately show if you stand to make a saving.

“Go online and use one of the many insurance comparison sites to shop around for the cheapest deals. One weekend of searching could net you big savings. Even if the gloom and doom predictions are wide of the mark it’s still a good idea to cut costs and save money, after all it was a reluctance to save that lead us all into this crisis.”

Life Insurance Compare (lifeinsurancecompare.net) is a UK based term life insurance comparison site.