Financial Bloat
Why bankrupt banks may be good for America There are too many 20-somethings running around Wall Street making tens of millions of dollars every year. They actually think that’s normal, it’s not. In any economy there is a finite amount of money available to be spent without introducing inflation and allocating a disproportionate amount of that money to financial institutions is a great way to create the conditions for inevitable collapse. How to save America
The fundamental problem with America’s economy is an obsession with wasteful consumption. Until that is resolved, nothing will change in the long run. It has become normal and acceptable for people to exploit easy credit for housing, cars, appliances, electronics, or anything else you can charge to your plastic card. Six Asians and an American are stranded on an Island…
They recognize that nobody is coming to save them and agree to divide some jobs amongst themselves in preparation for a long exile. One of the Asians does the fishing, another one does the hunting, another gathers the fruits, another gathers building materials for shelter, and so on. The American’s job is to eat. |
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