Its a massive one and it is rather impressive.
Back at 'home' now, in Thatcham. As opposed to my other 'home' in Whitstable. We were discussing the RECESSION yesterday, and came to this conclusion...
The chain of debt is rapidly going up the ladder. It started with individuals who borrowed money which was more than the value of what they were borrowing against.
This then moved up the chain to banks, who had to start borrowing from each other. But as we know soon the banks stopped borrowing to each other.
So now, its the Government that is borrowing money!
But where is this money coming from? Is it from the 'oil rich' nations in the Middle East, or Russia and China?
It seems to me that there must be a different way to combat the problems. And surely this is a good place to start. The blogosphere. So many people write about their views on life, there must be some innovative ways to stop the rot and get out of the problem.
I don't know what it is, but maybe you do?
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