Michael
It's been obvious for years that you are one of the 'good guys', here. I mean no PERSONAL disrespect to you BUT.....
What the **** did you think it was like for US when we were 23? Could WE afford a house? Could WE afford to get married/live together? The concept that MY generation had it easy and yours doesn't is a FARCE! I couldn't afford to get married until I was 27 and, to do so, I had to start my own business!!!! When we married, we didn't even HAVE 'sofas' etc., washing machine, CARPET (just bare floor boards... NOT STYLISH ONES!). Not a SINGLE item of 'furniture' was new (except our bed) and was either bought at secondhand-auctions, or was a hand-me-down from family! Even my wife's ENGAGEMENT RING was second hand! And, when my parents got married, they had to live in a CARAVAN! Just don't get the idea that YOU lot are having it TOUGH because it's not THAT bad compared to what PREVIOUS generations had! Yes... you are NOT rich .... but who told you that you are SUPPOSED to be rich when you were 23 and newly married!!!!??????
However, trust me.... so long as you two stick together and keep working at it, the same will happen to you as happened to the previous generations.... it gets EASIER.... but that doesn't mean you are not having fun NOW..... again.... you have to trust me on this, too!
You (and many others) have the MINDLESS concept that what you earn and how you live is something to do with FAIRNESS! It is NOT! Yes.... the world would be FANTASTIC if people actually got what they DESERVED.... WE DON'T..... and no system has been created yet where that CAN occur!
World Wide banking problem? In Canada? In Germany? Properly RUN economies did NOT colapse! Only those run by CRETINS who felt they could continue to 'borrow' money and could continue to allow their banking systems to commit MASSIVE FRAUDS collapsed..... and that was M*O*S*T countries! Does that excuse OUR leaders from being CRETINS, too? No it DOESN'T!
I have no doubt that you don't believe me.... go and do some research and you'll see.... just see what the Canadians did when THEY started to see what was happending with the banks! Have a look at how Germany structures its banking laws and rules! You'll see WHY those two have Tripple A ratings and the rest DON'T!
Finally, just be aware of what is to come..... 'Quantative Easing' (printing fraudulant money) has made our 'crash' much less severe. That HAS been a 'good thing' .... so far... However, that has created a MASSIVE amount of inflation which is currently hidden by the system. When we start to come out of this fiasco, you'll start to feel the effects of the inflation ... and it will be STUNNING!
My advice.....? When you start to see the end of this 'recession', do NOT save,: invest in assets, property, etc.. Buy the best house you can afford and keep trading up as quickly as you can. That way, you'll get the SAME benefits of inflation that MY generation gained. However, savings or 'pensions' will be a waste of money....
How do I know....? As I said, I've seen it all before! As did my father...
Respect to you, sir!
Ian
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