Yup, its true. And the people of Britain are worried that the banks will be nationalization with this one step closer to owning all the banks.

The shares for the Royal Bank of Scotland have went down today because of this.

You can read more here

I wonder how long it will be before Obama issues a second one for America? I think that the whole world is heading for an economic crash.

Or at least the Pope thinks so, click here to read what he said.

As for my opinion on this, I agree that we need to bring back the Christmas in Christmas. But, other people don't think so. I really believe it will take something much more than an economic crisis to do that.


All you hear about is how to save money and how stores will survive this. You don't hear about the true meaning. Even most Christmas songs played are not about the true meaning! They have taken the Christ out of Christmas.

How do you feel about this?

---
Pope image credit

We all know that food and fuel prices have jumped, but other commodity prices will jump soon if they haven't already.

Manufactures are increasing their prices, and though many retailers are trying not to pass them along may give in soon. Many stores are not happy about this, as they know that consumers will consume even less than they're now. Which is even worse news to the ears of retailers.

Either way they'll have to take a risk:
1-If they don't rise their prices, retailers will lose money.

or

2-They rise their prices and lose consumers.

I have already seen tons of stores close because of this, and I predict that many more will. The only ones that might have a standing chance, are the ones who delay the price increases.

Has it impacted the stores near you?

Read more here