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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Rarebird who wrote (61761)	12/6/2000 2:42:58 PM
From: Ahda	Read Replies (3) of 116759

Are you trying to say that deficits and debt are "evil"? I think the key issue to focus on is economic growth, not deficits and debt. What makes deficits and debt "evil"? Debt is harmless, even desirable, if it is successfully employed to achieve growth. Ron Reece hammered home this point on deaf ears a while back and provided good arguments. I'll try here to be a little less erudite and provide some common sense examples. No one is questioning the value of debt because it is due to debt that growth can be achieved. What I am questioning is the quality of that debt or the wisdom in excessive debt that appears to be part of all of our society at present. Have you spoken to an investment banker lately? He'll tell you that borrowing money for good investments is sound financial practice. What's wrong with borrowing money for the following investments?: the car that gets me to work, the castle that I live in, the new store that helps a retailer grow more profitable, the school that educates my children, and the aircraft carrier that defends my country. Well your domicile is one heck of a sharp move it long range and is tax deductible. I don't about the vehicle it does not increase but decreases in value from day one but true, it is necessary in many areas. Ideally you tack this dead end investment on to corporate and lease it . Education is one huge problem in CA but excellent in NY. I would assume written word proper actions and respect for other nations are much more affective than air craft carriers . Yet from the continuation of problems in the of Mideast it appears our diplomacy stinks. Or is it the erudite manner in which we lay things on paper that causes these wars? The USA has become the wealthiest nation in the history of civilization. Obviously something has been done right. What do you think that is? Freedom the ability to grow without governments interference. A simple set of laws that once prevailed. Borders on debt and hope for common man. Investment bankers who did a tremendous amount of research in what they invested in knowing fully their work would lead to benefit for many and a strong dollar and nation. A people that held themselves responsible for debt they created and an institution that assisted those to not create more debt than they could handle. This left a great impact on the world. As our system now seems to becoming an interpretation of laws for ease of use, for self purpose. The extension of credit out of the business platform into an too easy access in the non business individual, proves our productivity has become to tied to paper which is mostly debt. I fear the above mentioned items are not wise and will change the world perception of just how solvent we are.

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