Quote:
Originally Posted by $5 submissions
 People need to realize that Business cycles are natural and should be left to unwind. Trying to "manage" it just creates bigger problems down the road. |
The problem some have, including the US, is they are giving money to the people who dropped us into this mess and so much money repaying it is going to be tough. The people we owe it to must know that and they also know that they are part of the problem.
Because for decades we have exported jobs and manufacturing, imported anything we can that's 5% cheaper than producing it at home, run it on the basis that we can keep borrowing and the finance sector will earn enough to save us.
We now know that sector over priced every thing it could so it could pay itself massive bonuses. Little of which will be clawed back.
If you earn $1000 a week and spend $990 you can smile, if you earn $1,000 a week and spend $1001 or more you're going to get fucked eventually. That rule applies to individuals and empires. How many here live withing theirs means? We live withing our means.