texan connection
Silver Member
Without Debt the world In which we exist would collapse from what I see. maybe wean off slowly if goverments were of like mind.
But that aint gonna happen, we either carry on, or Collapse into a Global major depression.
I say let it collapse, But probaly not many would agree with that, and it would be a Hard pill to take, except for the third world countries that wouldent even notice (other than wars running across thier borders of course)
Weve painted ourselves into a corner.
On a Personal level, Credit doesent seem to matter as much as when we were young. Debts a way of life. No Goverment can bail it out.
What do we do
Keep intrest rates low. unemployment low, taxes low, Gov and personal spending low.. But the only thing I see is individuals taking that step, and one without the others... We are screwed.
But that aint gonna happen, we either carry on, or Collapse into a Global major depression.
I say let it collapse, But probaly not many would agree with that, and it would be a Hard pill to take, except for the third world countries that wouldent even notice (other than wars running across thier borders of course)
Weve painted ourselves into a corner.
On a Personal level, Credit doesent seem to matter as much as when we were young. Debts a way of life. No Goverment can bail it out.
What do we do
