By David Scott | Tuesday 3 January 2017
Whether you are dirt poor in Africa or pampered by the European welfare state, it does not matter. What matters for the positive development of the human spirit is an expectation that next year will be better than the current one. If that belief is taken from you, then you will most certainly force real change on the system as you feel there is little to lose. The fed-induced bubble has been fun for debt-thirsty Americans (and most developed economies) willing to take on any amount of debt as so long as they can afford the monthly payments but the inevitable unwinding is going to be equally painful.
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