Queen of England Broke?

Lets face it – Everybodies broke, even the queen of england. A few reports have been circulating in the news that the Queen of England will be broke by the year 2012 because her yearly expenses exceed her yearly income. My brother has repeatedly told me over the years, never spend more than you make. Its really as simple as that to lead a debt free lifestyle. Have I listened? On occasion. Sometimes you gotta learn the hard way. I guess the same could be said for the queen now too.

The total cost of keeping the monarchy increased by £1.5 million ($2.5 million) to £41.5 million pounds ($69.23 million) during the last financial year, according to royal accounts published on the UK monarchy’s official web site. The Queen had to tap the reserve fund by £6 million to supplement the cost of running the Royal household, the accounts showed.

Royal officials are negotiating with the government to increase support to £19 million a year to avoid the backlog, a senior Buckingham Palace source told the news agency.

But as the recession persists in Britain and tax payers continue to show their displeasure at where their taxes are going, an imminent refurbishment is unlikely. Earlier this month, a parliamentary committee suggested the Queen open Buckingham Palace more often to tourists to help raise money for repairs, but the Queen refused the proposal.

So your telling me the queen of england needs a bail out? Where is all that old money the quentessential aristocrats love touting as more prestigious than the nouveau riche cash being made by young entrepreneurs? I really cant believe that that the queen could ever go broke . If Michael Jackson could be in “debt” for years and still live better than you or me on his worst days, then I doubt that useless figure head of a queen could ever go broke.

This should be a sign of the times. If the queens funds are dwindling, what is happening to ours on a large scale? The money in everyones pockets, from yours to russell simmons, is pure debt. Negative capital. If we go broke, what is going to happen to us? Market “Analyists” love saying were making a turn around because it sounds good, but could this really be true when our national deficit is 11 trillion dollars and counting?

We here at flawless hustle are not fear mongers by any means, but sometimes the problems have to be discussed so the solutions can be better understood. Stay tuned for reports from us in the upcoming months discussing what you can do keep your head above water in probably the worst time economically in world history.