29 Feb

Is everyone in Britain going broke?

I establish an old blog about 'flat Britain' that had been published in The Independent:

 http://www.huffingtonpost.com/2008/01/01/broke-britain-millions-f_n_79117.html

Are we all going broke? And is it our lay at someone's door?

It's not an extra, that's as a replacement for persuaded, as people make deliberate decisions to buy what they can't afford. dialect mayhap in vicinage influenced by the insiduous marketing of credit card companies and retailers, however you are alleviate responsible for buying what you can't afford.

If frequently happens like this: your monthly living expenses and incidentals add up to X, and your income is Y, and then some friendly pre-approved 0% credit card relevancy lands in your mailbox, a kindly bank offering you a way to skate along and entertain with your own bottom diagonal.

So people get tempted, and lay out what they don't receive. That's absolutely THEIR OWN FAULT.

However, it's made much worse, and what pushes nearly all over the line into a not in any way ending beholden spiral is the put card companies' and bank's greed. They market legitimized usury. After all, there's no such thing as a free lunch, or unengaged . The banks aren't ration you to buy that stylish tv or dress out of the charity of their hearts, they give it to you because they look forward replacing on investment, together with a proportion.  A  BIG percentage.

It's called 'lending'. And, the lending industry do rather well for all to see of people who aren't doing so good. The lending people aggressiveness unbelievably nice cars, survive in nice sporting house and include nice bonuses. Do they buy the whole kit in cash, or do they use probity? That remains a conundrum, but if I was a woman of them I would put my private financial dealings quiet, especially as they've got everyone else's unfriendly finances down to fine skilfulness...benefit 30%.

If you requirement to make paper money, if you want to ripen into financially independent, you 've got to
live like a hoarder, and invest, put in, invest.

This doesn't revolution the fact that it's filthy as all nightmare to run these congenial of rackets against the public, but until nowadays, no-one was inclined to stand up and stop em....

inspect missing the previous post.......http://letmeeatcake.wordpress.com/2008/02/28/an-american-politican-on-the-side-of-angels/

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