The Hot Button Questions:- Money, Banks, & the Economy Message Board

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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy

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To: Chispas who wrote (336)	8/17/2003 6:06:45 AM
From: maceng2	Read Replies (1) of 1417

as a shining house on a hill Its a good article. It reminds of how I felt in about 1990. I was in debt big time and I used to have nightmares. Then I bought this book plus I also got a good lawyer. Message 19208506 Finding a good lawyer is a matter of luck though I think in most cases. Over 50% percent of the effort in climbing out of the hole was my own efforts. My net worth is above zero now and has been since about 1993. I want it to stay that way. I like the USA as a country. Its not BAD BAD USA, everyone else are good guys... far from it. It has been very convenient for lots of countries to let the USA slide into debt. Fact is, if your in lots of debt your debtors are most concerned about your health for a start. A positive point to work from. In fact if I was the average USA citizen I would just say well fk 'em... GFY's!. But there is downside to being in debt. OK the USA is also backed by those very special precious metals Plutonium and Uranium. But just because you keep a loaded shotgun in the house does not mean you are free from your creditors. OK you can scare the st out of them if they get too antagonistic, and that is probably a good thing as well. There is lots of ways that they can get at you though over a period of time though. It would be a good thing if the leaders in the USA and Britain 'fess up and say the way things are is no good and will probably cause bigger problems in the longer run. Then come up with a plan to climb out the debt hole. Could take a while even to come up with a workable plan... I realize that of course. To climb out of a hole though, you first have to stop digging downwards. I think it was an American who said that. Of course some "oh so smart, the glass is nearly empty" clever calculators will say that it will take 8 trillion years to pay off the debts (or something like that). Those guys will be short sighted imho and only think in a linear fashion. One can always negotiate. The USA has all sorts of renewable assets. Food is one of them. There is also an advantage about not renewing a current infrastructure till it's practically falling apart too. You can do a really big upgrade. I am referring to the USA transport system. Think railways is my suggestion.

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