The End of Britain
The fact is, when you're in a lot of debt, interest rates are either your lifeline… or your death sentence. So long as rates stay low, you can just about keep things on track. You can service your debts… keep borrowing… and keep the wolves from your door.
When rates move higher… you get squeezed… and eventually, you're finished. All of a sudden, you have to find more and more money to cover the interest on your debt......
This looming crisis is related to the financial crisis of 2008... but it will be infinitely more dangerous. As we'll explain, there is an unsolvable problem at the heart of our financial system. One that dates back over a hundred years.
In that time this problem has eaten away more than £10 trillion in public funds. It has been at the root of practically every major political argument in this country, and it affects every aspect of the way we live our lives.
Twenty-five Prime Ministers – from both political parties – have come and gone without ever having come close to solving it.
We believe the outcome of this problem is inevitable… and the recession, joblessness and instability you see right now is only the first stage of it. Many people think the slump we're in now is as bad as it will get.
But the truth is, it's only the start.
Read the full story; moneyweek.com