Many would say that were in the worst recession in history next to black Tuesday and the aftermath that ensued.
The job market is failing, most of the stock market is failing.
The countries largest companies are asking for the government to bail them out as they are also feeling the pinch.
And worst of all there are hundreds of thousands if not millions more out of work this year than last year at this time.
Right would be considered one of the worst times in economic history.
But that is not entirely true.
If you are sitting on ten thousand dollars or more in debt this recession can be your best friend.
See due to the recession and the lack of money flowing around, the government has opened up come channels for you to legally cut your debt down and eliminate it all together, all without going through bankruptcy.
See the more money you have to pay to credit card companies the less money that is being pumped into our economy and as such the worse the recession gets.
So in order for you to be spending more cash in your local community, you need to have more cash, and the only viable way to have this at this present time in our economy would be to be spending less on our credit cards.
See the credit card companies are recording record profits every year, and have been doing so for quite a long time, yet interest rates keep going up and we are lining their coffers with our hard earned cash.
When the economy is doing well we do not see the effects of this to much but when the economy is struggling like it is today then the money we spend on our minimum payments really is a loss to our local community and our economy as a whole.
So by cutting your debt now and completely eliminating it is going to allow you to put more money into your local community as well as our economy.
This is the only way we are truly going to see an end to this recession.