Debt Management No.1 Issue for Families and Global Economies

Citing dire consequences without quick action, Finance Minister Flaherty warned this week that the debt to-GDP-ratio in many European countries is unsustainably high. Speaking to a business audience in Toronto this week, Mr. Flaherty said governments should practice what they preach to their own citizens: live within your means and save for a rainy day.

The European debt problem "threatens not only Europe itself, but all countries,î said the Finance Minister. While several nations have received bailouts from the IMF and other bodies, the impact on the global economy is increasing as a result of larger economies moving to the centre of the crisis.

This topic and its remedies are discussed in Financial Recovery in a Fragile World which explains world events and how Canadians can work within a Real Wealth Management framework to get their own financial house in order and build wealth despite volatile world financial events.

The Knowledge Bureau's new Debt and Cash Flow Management Course will also assist financial advisors to become certified in helping Canadians with debt and cash flow management. Both the book and course will be available for distribution December 15. Knowledge Bureau Report Readers can pre-order today and save shipping and handling costs.