|
![]() |
#16 |
Guest
Posts: n/a
|
![]()
Financial institutions have outstanding debts equaling almost twice the amount of money in the world right now. What we need is wealth creation. Not much positive that any government can do except get out of the way. Tax cuts would allow you to create more wealth. Government spending takes wealth away or just moves it around. The problem was allowed to get too big. "Too big to fail." Or too big to safely fail. A lot of that debt is going to have to become null and written down because the hard assets never existed in the first place. It looks like it will take a long time to unwind the mess.
Do what you can but don't look to the government for help. They are busy ignoring the law of holes. |
![]() |