I humbly ask that you or an economist or social scientist in your organisation would kindly comment on what I consider the misuse of the word credit by financial institutions the world over. I could think of no better organization than yours to put my views across on the matter.

The financial community long ago understood the effectiveness of using a simple word called credit in replacement for the word debt.

In doing so, it has giving to believe that one is creditworthy as, for instance one who contributes an excellent idea if granted a loan.

This attitude, in my humble opinion has largely contributed to the monumental world wide economic crisis in the world today and as such it is time that we begin the call a spade, a spade and stop using the word credit when we mean debt.

Again, I would welcome if you, Mr. Editor, or one of your organisation’s experts (whether in agreement or not), would care to comment on the matter.