An extraordinary week to be away. An extraordinary week to be without any of our normal communications; no phone, no broadband, no telly, just a crackly old boom box which tunes into radio 4 with a protesting hiss and fart, fading out in an explosion of excruciating white noise at the pertinent point… “Global meltdown!” “Financial Armageddon…” “A day so black it’s impossible…” “No one has seen the like since 1920…” “The chancellor has just announced…” “Now we are going to our correspondent in Reykjavik for the latest on the collapse…” the rest frustratingly disintegrates in a furious high pitched whine.
Yes, I have savings in an Icelandic bank; researched carefully on such sites as moneysupermarket.com, make-your-money-work, what-to- know-about-investing-your-savings and how-to-get-the-best-out-of-your-money. Before we left for Scotland I seriously toyed with the idea of moving my money out amid the panic and mayhem – but where to put it? Nothing seemed secure. In the end I decided it was probably best to leave it alone, after all it was FSI backed.
Through last weekend the panic and collapse of the financial system worsened. We gleaned snippets in the foothills of the Cairngorms of the drama being played out across the world; stock markets crumbling, banks folding. And in the car driving to Robert’s aspen conference dinner we heard of the American 700 billion dollar bail out being thrown out, and then succeeding in an enlightened form. Arriving at our destination high in the remote north-west highlands, we learnt of the lack of positive response in world markets, which continued to plummet in chaos and turmoil.
Surreal, and strangely bizarre. On the one hand my eyes and mind were hungrily drinking in the remote ancient wild beauty of a landscape that feeds my very essence and on the other there was the banal, yet very real, material worry that I could lose my hard earned savings.
It would probably be better not to have even a radio. Not a thing I can do about it. I now inhabit a part of the world that is clothed in rocks three billion years old. Today, in a wild isolated hanging valley, I stood at the head of the highest waterfall in Britain, watching a rainbow caught in the fall’s spangled spray which played on quivering, golden leaved aspens; around me a curtain of blown mist parted to reveal scenery that made me ache with its beauty. Billions lost? The fall on Wall Street? The crumbling City? The crazy machinations of bankers? Armageddon? Standing there in the wind and the rain I felt rich beyond words and extraordinarily fortunate.





10 comments
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October 12, 2008 at 1:18 pm
mary
Glad you and Robert are back safely Paula and that you have seen all that marvellous scenery and have a good holiday by the sounds of it. I am so very sorry about your savings but hope that a rescue deal is organised. As you say we are powerless in the hands of these greedy and unprincipled people, both political and financial, who have ended up with so much control on the pattern of our lives and futures. A change in the system must happen. The bail-outs on both side of the Atlantic are nothing but theft and will not cure the root problem, the sub-prime mortgage scam derivatives lying around as so much useless paper.
Hope all was well on your return to LPF.
The photos are marvellous.
PS May I enquire whether Robert’s ‘aspen’ conference was about aspen trees (‘willows whiten, aspens quiver, little breezes dusk and shiver’) or the Aspen Institute.
October 12, 2008 at 2:27 pm
Catherine Sherman
What a brilliant description of falling financial markets, panic and disorder, linked to the waterfall and then the gorgeous panorama at the end. I loved how you described how you received bits and pieces of the news of the world economic meltdown through a crackly “protesting hiss and fart” of the radio. Gorgeous photos, too.
We should throw out everyone in government and start with a fresh batch of crooks!
October 12, 2008 at 2:36 pm
Lindsay
Have decided to read comics instead!
October 13, 2008 at 10:54 am
paula
Thank you Mary, yes it was stunning and special.
What weird times – I hope a shake up will bring about huge changes that won’t be forgotten in the blink of an eye if things begin to return to normality.
All is well here thanks to Olly (he did have to bring the cows in due to wet and poaching on Wednesday) and it’s also thanks to him I’m now able to get off the farm occasionally. So three cheers for Olly!
Aspen trees, I had no idea of the Aspen Institute, interesting – and it’s funny you mention the poem, it’s a particular favourite of a friend of mine who text it to me as I was on the way the conference dinner!
October 13, 2008 at 11:13 am
paula
I’m so glad you ‘got’ the comparisons of the fallings and billions Cathy! It was that the irrelevance and incongruity of the situation in the landscape I happened to be in.
Time indeed for a new bunch. A very new bunch I feel.
Interestingly I heard Paul Auster being interviewed about his new book – Man in the Dark – on the car radio as I was driving home from visiting my mother yesterday. It sounded interesting, though bleak. A parallel world – what could have happened if… Have you come across it?
October 13, 2008 at 11:15 am
paula
I think in comics you will find everything makes a lot more sense Lindsay!
October 14, 2008 at 2:27 pm
Liz
Missed you a great deal.
October 14, 2008 at 5:25 pm
heidi
I feel richer because of your eloquent and amazing post.
I am sorry about your savings, what can you do?
My parents have lost money too, and I know they are worried about what’s next.
I heard Gordon Brown on the news and thought to myself “Oh crap,…here we go, it’s like a virus spreading across the world. Good people are losing their life savings and what in the hell can be done?
The bail out here is viewed by my friends as unfair and suspect.
No one wants the world banking system to collapse, but Iam having a hard time understanding how the bailout will work for all of us worker bee non-Wallstreet types. It all seems like more of the same, The rich business men holding the power in the world= the rest of us getting screwed to put it bluntly.
Sigh..
Add to that mix our upcoming elections and everyone over here is waiting for the other shoe to drop.
-Besides all that I missed you too.:) Amazing waterfall…sacred places..pretty awesome Paula.
October 15, 2008 at 6:23 pm
paula
Oh Lizzy – that’s…well, so lovely of you.
October 15, 2008 at 7:41 pm
paula
I’m getting all overcome…
I hope you had an amazing birthday on Monday despite everything.
And yes I agree, the bail out is encouraging more of the same. Completely. And again nothing we can do!
Bless you, heidi.