21st December 2010
"In the summer of 2005, a firm called Life Partners Holdings Inc. said Marvin Aslett, an Idaho rancher 79 years old, had two to four years to live. It didn't make this estimate on his behalf but for its customers. The company arranges to buy life-insurance policies from people like Mr. Aslett and sells fractional interests to investors, who collect the death benefits when the insured people die."
"Consumer confidence was "teetering on the brink" of collapse in December, a survey showed, and only the rush to buy pricey items before the VAT rise stopped sentiment hitting its lowest level in more than a year."
freedom4citizens comments: "The Credit Crisis has never gone away. The public know that the country is obscenely indebted. Private, corporate and government debt is at unsustainable, ponzi, insane levels. The public know that saving is required, that sound finances and good housekeeping are required for at least the whole of this new decade. Only banks and economists and politicians are dedicated to re-blowing the debt bubble. They are still trying vainly to achieve it, destroying the pound sterling in the process.