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    Where is all the money coming from ?

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    papa_umau
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    Where is all the money coming from ?

    Post by papa_umau on Fri 28 Dec 2012, 1:17 pm

    As the media publishes that billions has been spent on the internet shopping sites and even more has been spent over the Christmas period on the high street, I have to wonder where all of this money is coming from in these days of austerity ?

    Or is it true that many people spend what they do not have at this time of the year and that credit cards, wallets and banks are emptied only to, in many cases, take another year to pay of these debts.

    Maybe this is just some kind of a madness that comes over people at this time of year ?

    Anybody ?


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    zathrus
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    Re: Where is all the money coming from ?

    Post by zathrus on Mon 31 Dec 2012, 1:58 pm

    Did you not hear the news yesterday ?

    They were saying that the spending on the high-streets and on the internet was not nearly as good as they were hoping for and that most of the money that was spent was taken from credit cards and store cards and pay-day loans.

    I think there is going to be a lot of people in a lot of long-term debt in 2013.
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    papa_umau
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    Re: Where is all the money coming from ?

    Post by papa_umau on Wed 02 Jan 2013, 1:00 pm

    Yeah, thanks for that Zath !

    Thinking a bit more on this subject, I do think that that original news item was a bit of a con-job to try to encourage more of us to spend the money that we don't have.

    Now that we know the actual truth - that sales were actually DOWN and not UP on last year - we are better informed about what was actually happening over the festive season.

    Now we do not just THINK we are all SKINT, we KNOW we are all SKINT.



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    Re: Where is all the money coming from ?

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