Unfortunately, in todays world, debt in very nearly at endemic levels and is very much a way of life – of which to be fair, the finger cannot be pointed at any one single source to blame, but rather the blame must be shared by all involved to some extent.
Outside my online businesses, I also run a Financial Services Company – who, I would point out, are not involved in issuing or creating debt, but rather it is a part of our business that we often see it, and how it easily affects lives of many people, to the extent that they become blinded and even apathetic.
Debt can (and sometimes does) cause absolute devastation – occasionally to the point of suicide in the rare few.
We (and Im speaking from a macro perspective) cannot simply stop debt or right it all off. The very fiscal nature of the world means that economies could not stand a wipe-out. Economies need debt to survive, just as any economy must have an element of unemployment to be sustainable (and I know as I live somewhere with zero unemplyment – and its more a curse than a blessing).
Instead, we should look to try and tackle this in three ways:
1. Intensive...
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