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Old 01-09-2016, 06:17 AM  
Paul Markham
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Join Date: Jun 2001
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Quote:
Originally Posted by crucifissio View Post


US debt per family: 790K
US median income: 29K

gimme a refinancing example
Yes, the problem is huge. The trouble is no one is even trying to stop the debt rising. Trump says he will limit imports and stop illegal migration. His problem will be getting through congress and the senate. The politicians financiers won't allow it.

redwhiteandblue, yes it's an obvious problem.

Maybe the solution is to allow buyers to keep borrowing funny money, so the sellers can keep selling. To keep people in jobs. I'm not enough of an economist to know if that will work. What I do know is without austerity countries like the UK will sink slowly. And some countries will hit a wall.
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