Hi there - Hope you are having a good week!
I was sent an interesting email by some fellow SFM members and am just copying it for you here. It's pretty thought provoking but confirms for me that we all need start looking after own own financial future right now......
-----------------------------------------------------------------------------------------------------------------------------------------------------
"We found a very interesting article on ZeroHedge.com about how economists in the 1930s came up with an economic theory that allowed the holders of the country's purse-strings to get extraordinarily wealthy, at the expense of ordinary people, and saddling future generations
with an unfathomable level of debt.
The result?
==> The UK government's debt amounts to £1,377 billion, or 88.1% of total GDP (everything the country earns in total). The annual cost of servicing that public debt is around £43bn.
==> The French national debt is $2,358 billion, or 90.2% of
GDP.
==> The US national debt is $17,223 billion, or over 100% of GDP!!!
This is money that goes into the pockets of the 'banksters', who 'flip it on' to the politicians and the economists on their payroll.
WE ALL foot the bill in our taxes :(
In a nutshell, the article concludes the following outcomes are probable:
"Regardless of whether this generation escapes or not, we have impoverished our children and grandchildren.
Politicians now control most of the economy, including what passes for acceptable economics.
No honest economist can work for government; nor would one want to.
The tipping point for reversing this condition has long past.
Politicians have no incentive to stop the process underway.
Markets (and perhaps societies and governments) will eventually collapse, ending
this terrible period of economic madness.
When this flawed paradigm is finally exhausted, the world may enter a better place in terms of economics and limited government. Without this shift, poverty and misery will grow along with wars used as political diversions.
One can only hope that the world avoids an Economic Dark Age when the collapse
occurs."
Grim stuff isn't it?
It's not necessary to understand or even like economics to know that the western world is in a power of poo.
So what do you do if you want to avoid the coming 'Economic Dark Age'?
==> Follow our
lead."
==> Create Your Own Economy with SFM!
To your success !
Sign up for Info webinars
Read my blogs
Risk free SFM Application
Skype: winedayuk
Phone: (+44)07812 670333
Have a great day !
Dave