Now in this discontented global financial winter, will the former western global powerhouses and japan fall under the wheels of the fast growing chinese and indian markets?. Surely the catastrophic demise of the culturally fickle credit society coincides with climate problems creating yet more havoc in the chaotic scrabblings of wallstreet and the nikkei, to recover the advantage they once held.
For many decades these once considered second and third world countries have lagged behind the coat tails of western economic financial boom. Now is their turn to come forward and show the rest of the world that sheer power of population will drive them forward into well ordered, polite and courteous first place. An uneasy thought in wall street and the london stock exchange.
What will the west have to offer in return? Our production has been outsourced in many cases to chinese and indian labour markets, hungry for the opportunity not just to shine but do undercut any western worker out of the tender. They now will benefit from what was once ours,recovery is unlikely at this stage me thinks. Too many families relied on the remarkably easy finance available to all and sundry in the heyday of the nineties and noughties, now the price is a substantially decreased standard in their way of life and the prospect of many years repayment on loans and credit agreements greedily signed for when the sky was still a brilliant shimmering blue in their bank balance.
Many a grandparent reminiscing of times in the not too distant past, when communities and families alike drew together and supported each other just to survive, may well become the norm once again. The big society could well be an event that occurs despite the prompting and avid promotion of politicians.
How you survive the global downturn and financial restraints put on you by the shackles of debt is your burden alone; will you be able to withstand the possible rise in interest rates and the increasing possibility that your home repayments are going to balloon.
Can you buck the trend?. Maybe you can find light at the end of the tunnel.
For many decades these once considered second and third world countries have lagged behind the coat tails of western economic financial boom. Now is their turn to come forward and show the rest of the world that sheer power of population will drive them forward into well ordered, polite and courteous first place. An uneasy thought in wall street and the london stock exchange.
What will the west have to offer in return? Our production has been outsourced in many cases to chinese and indian labour markets, hungry for the opportunity not just to shine but do undercut any western worker out of the tender. They now will benefit from what was once ours,recovery is unlikely at this stage me thinks. Too many families relied on the remarkably easy finance available to all and sundry in the heyday of the nineties and noughties, now the price is a substantially decreased standard in their way of life and the prospect of many years repayment on loans and credit agreements greedily signed for when the sky was still a brilliant shimmering blue in their bank balance.
Many a grandparent reminiscing of times in the not too distant past, when communities and families alike drew together and supported each other just to survive, may well become the norm once again. The big society could well be an event that occurs despite the prompting and avid promotion of politicians.
How you survive the global downturn and financial restraints put on you by the shackles of debt is your burden alone; will you be able to withstand the possible rise in interest rates and the increasing possibility that your home repayments are going to balloon.
Can you buck the trend?. Maybe you can find light at the end of the tunnel.