There has been so much going on recently in the Credit Crunch that I think I could spend 200% of my time writing about it and still not explore all of the probabilities, let alone the possibilities. I also considered not saying anything about it as sometimes the truth can be really scary! So I knew before I told you all what I'm about to that I had to be able to present this info in a way that you could actually see the opportunities presented rather than getting depressed about it.

So the trouble is deciding what parts are most relevant to you as the property investor?

I watch the media and a lot of what is going at the moment on is being talked about, but as the financial guru's are all speaking in their jargon, unless you are fluent in it, then you could actually think that there isn't that much going on at all. It's just the financial world having a few problems that doesn't really affect me. Well, it does affect you!

And in actual fact there is so much going on that everytime I think, 'I'll write about that', another chess piece either moves or falls which changes the importance of what I was going to discuss here. And they make moves that I didn't know even existed in the game. It's fair to say that the media actually seems to be keeping up with a lot of this stuff, but as the editors either don't know or don't understand the levels of importance then it is difficult for them to explore what is really happening.

Like last week, for instance, with the Fed cutting rates by 0.75%; it's like trying to push the QE2 with a piece of string. But what else can they do, at least they are attempting to do something, unlike our central bank which has its hands tied by a mandate of watching inflation. Still, it does look like Mr King has had his ties lossened just a little as he has been hinting that he will let inflation rates rise slightly. I think I've mentioned before that if inflation is bad, recession is a 100 times worse, but what I haven't mentioned is depression, and that's 10,000 times worse and if the central banks don't act in the right ways that's where we could end up. If that happens then 'All Bets Are Off!'.