(26 March 2014, 16:13)bigpaul Wrote: thanks LS, I think its already happening in places like Greece and Spain looks like its heading the same way.
We all know Greece and Spain are pretty poor anyway. So why not look at somewhere more powerful, let's check out America. The tent cities, the people living in sewers under LA, whole blocks shut down because of foreclosures...etc.
That's a quick image of how things will become.
The question is, will we become more like South Africa, where the financial divide is huge, crime is high, but people still get on with semi-normal lives. Or will it be more like America, where things get crazy at times, and people just plod along and blame everyone else? Amazingly, the foreclosures and poverty have not caused total WROL situations yet. So the pushing limit is pretty high. People are usually very quick to accept defeat and just get on with their 'lower level of existence'. We'll still have a fair old way to go. But if you're concerned about it happening to you, it might be a good idea to start making affordable over-payments to any debts you may have, including your mortgage, if you have any.
The more I look at the financial situation, the more concerned I get. But the more I look at how people have gotten on with their financial plight, the less worried I am of a total collapse.
The real problem occurs when the financial kicking is going on, and another event kicks off, thus uniting those stricken with poverty! That's when things really get dangerous.
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