Real Life Economics

With all this credit crunch business and market meltdown it makes me wonder what the hell these bankers were thinking. Like they couldnt know that so many people had defaulted on their mortgage and that therefore the banks would have a cash shortfall when it came repaying their short term loans! If you lend to someone enough money to buy a house without making it clear that their introductory repayment rate who end and their payments increase substantially, of course its going to go wrong. The problem is that assholes saw they could make some money along the way right up to the top. Now the shits hit the fan everyone has to pay the price. I think were heading for a recession big time. If you look on tube people are saying it was by design and that were heading for a ‘greater depression’! I remember the last recession in the early 1990s - it was miserable.  Our esteemed governments were supposed to stop our economies from boom and bust cycles, but instead they’ve walked us into a super recession!
I have student loan debts including a credit card debt that I’m trying to pay off but the cost of living is so expensive I find it hard to save anything. The cost of fuel is going up, gas, electricity even food is going up. I don’t know how people with kids get by, even thoug you’ve got both parents working, their compbined incomes don’t amount to a spectacular standard of living.
With all the green so called carbon taxes that are coming our way I don’t think things are going to get any cheaper. Cheap flights are going to disappear into the past so going on holiday will be alot more expensive too. I want to travel before I get too old but I wonder if i’ll ever get the chance…