Wednesday, August 22, 2012

Final fantasies: The illusions of personal debt and Canadian consumerism

Interesting article about consumer debt in Canada. I think the author left out two very important conclusions. 

Firstly, super low credit card monthly minimum payments has led to too much debt.
Secondly, the ratio of equity to personal debt exploded around 2008 and governments around the world did nothing to offer any type of consumer correction. 

Hence, the reason for this blog dedicated to consumer debt and the Debt Neutrality Petition. 

Please consider signing the Debt Neutrality Petition by clicking here.

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Please consider signing the Debt Neutrality Petition by clicking here.