New Year

Note I didn't say "Happy" New Year.

It is hard to be happy about a coming year when there are so many issues ahead and so many problems in the world.

Are we on the brink of a major change for good or not? A new administration in The USA may promise a better future but there are many who wish to throw a spanner in the works.

It is interesting that 10 year bond rates are not behaving as predicted months ago and there is  a conflict developing between inflation and central banks normal control of the situation. Increased interest rates are not controlling inflation and stress amongst the masses that hold debt is going to increase not decrease.

There are many  mortgage holders that are going to face increases in payments as they come off interest rates in the vicinity of 4% only to be confronted with a jump to around 7%.

The galling fact about this situation is that it was created by the Reserve Banks .They handed out money at low rates during the manufactured crisis , captured the borrowing sector in a greed frenzy and now they are crushing the very same people.

No accountability.

Is the system in need of a change?

It appears we in the West,  are heading for a very trying time.

Those of us that were hammered by weather events on top of the covid capture are a mere pest in the system and it's good luck if you make it through.

My experience in re fixing my mortgage is being stored for future reference.