According to the Governor of the Bank of England the UK banking system was closer to collapse earlier this month than at any time since the start of World War.

For anyone who can remember the 80’s, the depressing memories of the Thatcher years re-awaken.

So, who do we hold responsible for this economic kettle of fish, good old Gordon Bennett who can add another string to his catastrophic bow or can we let Alistair (are you okay) Darling take the credit for the crunch.

Is it a world first, a whole country declaring bankruptcy? Iceland is broke, does that now mean Kerry Katona is out of a job.

It all reads quite depressing; the Asian women are feeling the pinch.

The most superior variety of rice Hilda (Cockney rhyming slang) has gone up 100% from £40 to £80.

Chapatti flour has gone from £50 to £100, lamb is now £2.50 lb and a whole chicken is costing £2.50 Don’t you wish KFC was halal as you could get a family bucket of chicken, fries, sides and a bottle of the real think all for £9.99.

Having said all that the scenes that I have witnessed over the past couple of weeks had me thinking.

I saw banner stating ‘First 20 customers buying five suits get one free’ or was it ‘First 20 stupid people who buy those suits that have been in the basement for years cos we couldn’t shift them get a suit that resembles a dog’s dinner for free!’ The desperate queues remind me of a time when free butter was given out and all the Asians got in line even those with high cholesterol and the Mercs.

Once this shop had taken the initiative everyone baa’d their approval and followed suit declaring 50% off.

On one occasion I witnessed what looked like mad rioting. I do believe the decision not to allow ladies at the graveyard at the time of the burial are wise as we feisty females clearly fail to control emotions at the best of times.

The other question I pose is, what the heck are you going to do with all those suits, use them as wallpaper to decorate the house?

Maybe there is something to be said about the Asian trait of stashing the cash under the mattress.

After all if your hard earned bread has not been deposited you will not be bailing out the B words in their time of need.

There is some wisdom in our age old tradition of a ‘committee’ (informal savings club). Need a loan, want to save money, the committee satisfied all requirements.

Another firm belief of Asian woman is to invest in gold. Wise thinking especially after the record-breaking prices that were seen at the start of the year. So after all that maybe our mums were ten steps ahead of all the economic experts with Phd’s and doctorates.

They kind of kept to the three simple rules: Never put your money in the Bank.

Invest in Gold.

And keep it sweet with the boss of the committee!