SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jorj X Mckie who wrote (248168)7/2/2003 4:34:50 PM
From: UnBelievable   of 436258
 
The Time To Prepare For The Contraction Is During The Expansion

This is really pretty simple stuff. During the fat years reserves should be gathered. These reserves can then be used to alleviate the pain of the lean years.

The reason that we are in so much trouble is that during a period of extraordinary growth and prosperity not only didn't we save but we actually significantly increased our debt.

The reality is not only didn't we put aside a portion of the rich harvests for the lean years but we actually distributed the seed grain to people to eat during those years.

A society which eats its seed grain is going to have difficulty for a number of years, period.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext