Sorry to be depressing but I am beginning to think the West is in terminal decline. The debt can't be repaid and unless something unforeseen happens the situation is only going to get worse in the UK.
I see the growing influence of China. Asia is buzzing, China is growing rapidly it has the money, it's the creditor and it has the power.
Should be be advising our children to bear this in mind as they choose future careers and what to study at University etc? Everyone seems to have their heads buried in the sand about this or am I way off the mark? Should we be telling our children to pack their bags and look to live and work in Asia as they'll be little future for them in the US or UK?