of the creditors and change a large proportion of the population into little more than slaves. In fact President Bush has already tightened the bankruptcy laws in the USA and made it much more difficult for people to get a financial second chance. Although this may be good for the creditors, I don’t believe it helps the families or the economy in the long term.

So you have been warned. You have two choices. Tighten y

If you read my last article on the real reason for the war in Iraq you will know one of the things I really fear is the next great depression. I looked at the issue from the perspective of what it will mean in relation to countries. However I would now like to examine what it will mean for individuals and there families.

Most of us are fortunate enough not to have lived through a depression. We don’t know what it means to go hungry, to have unemployment of 30%, to be unable to find a job. In such circumstances it would be difficult to imagine society or families surviving through it.

Most people are now in a worse shape than families before the great depression. Thanks to the prevalence of easy credit, personal loans and like, most families have a greater debt and asset ratio, that is we owe more than we are worth. Such a situation is extremely bad. Worse if events occur which would dramatically decrease the value of our so called ‘assets’. If you had no job do you have the ability to feed your family, do you have land that you could farm yourself for food? What would you do! Go bankrupt? This is currently an option for those who need a second chance. In fact in a modern economy it is sensible that we give people the chance to put financial problems behind them and start again, so long as this is a small percentage of the overall situation. What modern economies can’t handle is 10% or more of the population going bankrupt at the same time. This would result in bank failures, financial meltdown and a deep depression. Yet this is actually what could happen come the next recession. I think it wouldn’t take long for government to change the bankruptcy laws in the favour of the creditors and change a large proportion of the population into little more than slaves. In fact President Bush has already tightened the bankruptcy laws in the USA and made it much more difficult for people to get a financial second chance. Although this may be good for the creditors, I don’t believe it helps the families or the economy in the long term.

So you have been warned. You have two choices. Tighten yo

s to go hungry, to have unemployment of 30%, to be unable to find a job. In such circumstances it would be difficult to imagine society or families surviving through it.

Most people are now in a worse shape than families before the great depression. Thanks to the prevalence of easy credit, personal loans and like, most families have a greater debt and asset ratio, that is we owe more than we are worth. Such a situation is extremely bad. Worse if events occur which would dramatically decrease the value of our so called ‘assets’. If you had no job do you have the ability to feed your family, do you have land that you could farm yourself for food? What would you do! Go bankrupt? This is currently an option for those who need a second chance. In fact in a modern economy it is sensible that we give people the chance to put financial problems behind them and start again, so long as this is a small percentage of the overall situation. What modern economies can’t handle is 10% or more of the population going bankrupt at the same time. This would result in bank failures, financial meltdown and a deep depression. Yet this is actually what could happen come the next recession. I think it wouldn’t take long for government to change the bankruptcy laws in the favour of the creditors and change a large proportion of the population into little more than slaves. In fact President Bush has already tightened the bankruptcy laws in the USA and made it much more difficult for people to get a financial second chance. Although this may be good for the creditors, I don’t believe it helps the families or the economy in the long term.

So you have been warned. You have two choices. Tighten y

is extremely bad. Worse if events occur which would dramatically decrease the value of our so called ‘assets’. If you had no job do you have the ability to feed your family, do you have land that you could farm yourself for food? What would you do! Go bankrupt? This is currently an option for those who need a second chance. In fact in a modern economy it is sensible that we give people the chance to put financial problems behind them and start again, so long as this is a small percentage of the overall situation. What modern economies can’t handle is 10% or more of the population going bankrupt at the same time. This would result in bank failures, financial meltdown and a deep depression. Yet this is actually what could happen come the next recession. I think it wouldn’t take long for government to change the bankruptcy laws in the favour of the creditors and change a large proportion of the population into little more than slaves. In fact President Bush has already tightened the bankruptcy laws in the USA and made it much more difficult for people to get a financial second chance. Although this may be good for the creditors, I don’t believe it helps the families or the economy in the long term.

So you have been warned. You have two choices. Tighten y

s behind them and start again, so long as this is a small percentage of the overall situation. What modern economies can’t handle is 10% or more of the population going bankrupt at the same time. This would result in bank failures, financial meltdown and a deep depression. Yet this is actually what could happen come the next recession. I think it wouldn’t take long for government to change the bankruptcy laws in the favour of the creditors and change a large proportion of the population into little more than slaves. In fact President Bush has already tightened the bankruptcy laws in the USA and made it much more difficult for people to get a financial second chance. Although this may be good for the creditors, I don’t believe it helps the families or the economy in the long term.

So you have been warned. You have two choices. Tighten y

of the creditors and change a large proportion of the population into little more than slaves. In fact President Bush has already tightened the bankruptcy laws in the USA and made it much more difficult for people to get a financial second chance. Although this may be good for the creditors, I don’t believe it helps the families or the economy in the long term.

So you have been warned. You have two choices. Tighten your families belt, stop spending so much and reduce that debt level. Or increase your income. As I have already mentions in prior articles increasing your wage is not a solution as the government will just take more in tax, the solution is starting your own business. What business you start is your choice? I suggest a home based one because its cheap. I suggest a MLM one because it can result in rapid growth of your business and involves business partners from your downline who can help maximise your time and who in turn you can give your advice and experience. I recommend one that won’t break the bank or place you family into more debt – does $10 a month sound like a lot? People are spending more on a packet of cigarettes! It's a matter of priorities, are you serious about preparing and protecting your family? If you are start a business now before you find it's too late. Noah built an ark long before it started raining and saved his family, if you find it raining you're too late to build a financial ark, unless you enjoy treading water?