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Old 20-03-2020, 14:44   #896
RichardCoulter
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Join Date: Jan 2008
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Re: Coronavirus

Spot on. The future is frightening, even if we get this vile thing under control. They have no alternative but to intervene and borrrow huge amounts of money, if they don't I fear that society will collapse.

Nobody likes borrowing, but if your roof falls off, you have no choice but to use an expensive credit card if that's the only way you can fund repairs.

It's crossed my mind that the Government might even do the unthinkable and legislate to freeze their interest payments or write off some of the debt in the same way that debt councillors do for individuals in dire financial circumstances. Experts say that this crisis is like 9/11 and the banking crisis combined.

Last edited by RichardCoulter; 20-03-2020 at 14:50.
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