Great News……Here is the evidence that there is a `Life after Debt`
“When the going gets tough, the tough get going”, Billy Ocean sang at the end of the movie `Romancing the Stone`. Ironically that movie starred Michael Douglas who went onto play a wheeler dealer in` Wall Street`. So let’s take Billy’s lead here and do just that, when dealing with our credit/debt problems. Read the rest of this entry »
This is one birthday party that no one wants to attend; it is just over a year ago now that most people in the U.K. were spiralled into the web of deceit that brought down banks and bankers alike. I remember commenting 2 years ago that something was afoot when Citi-Bank wrote to me, and told me that they were cutting my credit limit whilst blaming it onto me. I knew I hadn’t done anything wrong as I always used to pay my credit bills on time every month. 12 months later the world, never mind the U.K., woke up to find out the truth.
The days of near full employment and turning up for work in cushy well-paid job are at an end for millions of blue collar and white collar workers.
Anyone with any degree of understanding of economics knows that the ultimate end game of this economic transition is global wage rebalancing.