tell her she won’t be going to that nice fee-paying secondary school any more
(actually had a conversation with someone who’s related to the bursar or one of Dublin’s most well-known private schools at the weekend - the bursar in question is having many unpleasant discussions with parents who are unable to pay the bills. Imagine trying to explain that one to your kids…)
Tell her Santa will not be coming this Christmas because the banks will no longer give him a big enough overdraft limit to provide the cashflow to be able to employ the eleves until Christmas. Plus business looks like it will be tight this Christmas with the tax increases being announced next week by Brian Lenihan (aka the Bad Santa).
The US Federal Reserve and Central Bankers worldwide allowed M3 levels to explode at levels not seen since the mid 80s. Derivative instruments such CDOs, CMBOs and CDO^2, often backed by supposedly AAA rated ABS consisting mostly of RMBS and CMBS were sold to investment managers worldwide. The deflationary effect of a rapid unwinding of overly leveraged financial assets is now contributing to a deflationary spiral of debt destruction which is being hidden by a marked increase in commodity driven inflation, itself driven by increased leverage. The resultant impact of a global loss of confidence may be most easily seen in key measures such as LIBOR and EURIBOR.
If a child misbehaves - the good parent lets them know that they have done wrong and tells them not to do it again. If they do it again, the good parent demonstrates that the behaviour is unacceptable by punishing said child.
This gives the child the message that the parent will not accept their behaviour.
The bad parent, on the other hand, takes the easy route and ignores the behaviour of the child. They give empty threats that the child recognises as such. The punishment is never carried out and the child becomes an uncontrollable brat . The bad parent pays for this many times over.