Credit Crunchies

Are we reaping our own nemesis? In my opinion, for the past decade or so we have been fooled by an invisible inflation. It is invisble because the real cost of living was absorbed by the vast amount of credit people took out. The average personal debt is 17K. Without this credit we would have felt the real cost of living years back. This has kept inflation down at the expense of citizens. People were using credit cards not to buy luxury goods but to pay bills and buy food. Government should never have allowed this to happen. Millions of people are going to slowly sink into poverty if something is not done. I seem to remember usary (charging interest on a loan) being one of the worst sins in the Bible yet for the past two centuries the West has forgotten this.

Anyway today, I find myself having a new bank, I wonder what the logo will be? Howard riding a horse?

Democrats Just Dont Get It!

I remember big wigs in the Democrat Party in the last US election saying that they now realised they had to listen to the Christian voice after John Kelly (Heinz-means-beans!) lost. Although a Catholic Kerry was humilated by members of the heirarchy because of his pro-choice stance. Now after defeat there was going to be a move to dialogue with the moral majority, middle America, pro-life movements. So what was the result of all of this naval gazing - nothing? The party narrowed it down to Hillary Clinton, pro-choice, and Barak Obama, very pro-choice. And what amazes me is that they cannot understand why Sarah Palin has pulled the rug under their feet. Are they all lemings? Last year I prediced that the Democrats would lose and that McCain would become president. I stand by that bet. I cannot get my head around why the Democrats could not find a pro-life candidate? The same problem (to a lesser degree) seems to be here in Labour, a party which is divorcing itself from its Christian roots.

City Bonuses

When we first arrived here I recall this story. A local was selling his cottage in Salcombe and as we know this has statistically the highest house prices outside London. A young couple in their twenties were looking around the house and the owner cautioned them that the price was 650K and beyond most folks mortgages. The response was "we're using our christmas bonus money". The couple worked in the city. I wonder what the future lays ahead for people like this?