The current financial climate has left may people looking for a personal financial rescue plan.  Particularly, those people who have decided to leave the rat-race and live their dream in France, are finding that their financial resources cannot accommodate the recent changes in currency values, investment returns and interest rates.  As a result, many are coming to the conclusion that it is necessary to return to the hurly burly of work if they are to survive.

But does that mean giving up their dreams?

For some the answer is “yes” – but in my view it doesn’t have to be so.

I have been involved in several different businesses throughout my “working” career and have long held the view that, in order to survive financially, it is important to generate income from several different sources and in different currencies.

In other words, I don’t believe in putting all my “eggs” in one “basket”.

You may have noticed on this web log (blog) that there is a significant lack of advertising.  Simply put, I publish the blog because I enjoy writing, I like to share my experience with other individuals and it seems that others like to read.  So this present post is the nearest thing to an advertisement that I have written.

If you are considering giving up on your dreams, read on…

One of the commentators on my post “Who Really Rules Your World?” bought this video to my attention – for which thanks goes to greenman.france.

Money as Debt

When we understand how money is created in the modern world we can then understand the main cause of many major problems: ever increasing taxation; pensions disappearing; inequitable distribution of wealth; inflation; national debt; currency crises and devaluations; recessions; depressions; and even the failure of government in a democracy to govern in the interest of its electors.

French bank Societe Generale has seen net profits crash by 84% for the third quarter, hit by the credit crisis.

Net profits in the 3 months to the end of September fell to €183m  ($235m; £145m) from €1.12bn  in the same period last year.

The bank has been hit hard by the chaos in the finance sector with the collapse of Lehman Brothers alone prompting a €447m write down.

Despite the results the bank said it was positioned to deal with the downturn.

The French plan to rescue the financial industry do not disrupt competition, says EU Competition Commissioner Neelie Kroes .

The European Commission on Thursday cleared French and Dutch plans to preserve their lenders from the global credit squeeze.

Both were judged to be in line with EU rules on community aid and with guidelines reported by the European Union’s executive arm on 13 October.

These say that any rescue package should be limited in time and range and must not discriminate against foreign-based banks operating in that country.