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The Economic Crises, has it effected your plans?

Travel Forums General Talk The Economic Crises, has it effected your plans?

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1. Posted by TLWH (Travel Guru 516 posts) 8y

Since the $700 Billion bail out was rejected the other day all markets seem to be heading south. Are you away at the moment and worried about your savings back home?

If your bank goes under are you stuck overseas?

Or more to the point are you now unable to travel due to the financial collapse?

Or, are you ignoring everything and traveling on as per normal?

2. Posted by Tena (Budding Member 22 posts) 8y

The last option!

Heading to India/Nepal in 2 weeks :)

3. Posted by Utrecht (Moderator 5595 posts) 8y

Yep, the same as Tena.
I am almost ashamed to say I am going to spend more time and money the next 6 months or so. Away from this f*cking weather in the Netherlands...

[ Edit: Edited on Sep 30, 2008, at 12:58 AM by Utrecht ]

4. Posted by TLWH (Travel Guru 516 posts) 8y

Ha ha Great stuff!

Maybe it's all just a figment in our imaginations...

5. Posted by Utrecht (Moderator 5595 posts) 8y

I guess it's like always: the people who couldn't afford to travel anyway (even before the economic crisis), are not going to travel now that there is an economic crisis.
Still, a small percentage might just decide to travel closer to home, not taking expensive flights or so. Because the latter one, the flight that is, is something that has become much more expensive just in the last year or so, like 20 or 30% within a year. This can just be that extra amount of money to prevent people from flying.

6. Posted by GregW (Travel Guru 2635 posts) 8y

As someone who just immigrated to London, probably the second most important financial services centre in the world (I believe that a recent news report said 17% of the economy of London is based on financial services) and also being someone who is unemployed and looking for work, I can report that this thing is probably effecting my plan to move abroad and get a job. Specifically on the "getting a job" part of the plan.

Such is life, though. You muddle along and adapt.

Greg

7. Posted by Gartt (Full Member 31 posts) 8y

I was just gonna post a similar topic before spotting this one. Its certainly making things a bit more expensive, exchange rates have turned for the worse, even against the asian currencies. So travelling is going to be a bit more budget than I was planning for, but I guess thats something that we'll just have to deal with.

The current economic climate, whilst not completely unexpected was still a bit of a system shock to most Id think. Im just glad to be getting out of this gloom in a few months. :D

8. Posted by tway (Travel Guru 7273 posts) 8y

We bought our plane tickets and booked all our stuff back in May--so we're still going off in November. Plus Canadian law protects my bank accounts up to a lot more than I have in them now. The only thing I'm slightly wondering about is whether we'll have a hard time to sell the condo when we decide to upgrade to something bigger than a 1-bedroom place...

9. Posted by Swept Away (Travel Guru 1113 posts) 8y

How does this so called CRISIS in the states benefit travellers from the third world? It doesn't! I had no idea what was happening in the world. I was in Melaka and Hat Yai, when my ATM money shrunked. Then my friend told me that Wall Street is crumbling.... Uhm is that the language school in Thailand, wall street? No its the one in NY.

It amazes me when I hear nations like Japan and now the US calling their situation a crisis. Poverty is a way of life in majority of the countries in the world. It seems like human life has no value elsewhere, no wonder we will always have suicide bombers. If the US is in a crisis right now, what the hell do they call the situation elsewhere? If dollar fucks up, it affects my purchasing power and I don't have a dollar account.

When other Asian currencies become weak, I become rich. I was in Malaysia and Thailand during the Asean currency crisis, the Philippines was spared from that crisis. I had more purchasing power.

Once upon a time one Philippine peso is equivalent to one US dollar. That was just the 70's or 60's, I missed it.

10. Posted by Rraven (Travel Guru 5924 posts) 8y

For me the crisis has just meant that for security I will have to save more money then I originally expected to take into account any more collapses and the possibility of coming back to a few months of unemployment...........it means that i have to delay my plans for a few more months.........on a positive note i still keep most of my money in irish bank accounts which have a higher guarantee for government protection then the netherlands so I should be okay.............