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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.29-0.5%Jan 16 4:00 PM EST
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To: RJA_ who wrote (5506)4/11/2006 11:53:13 PM
From: elmatador  Read Replies (1) of 219510
 
Savings and the mechanisms through which is achieved, is not a popular thing. A tiny amount of people save.

Governments created that situation by promising social "security" to get votes. people really be;lieved in social "security" and decided not to save. There was no incentive to save.

In poor countries people have no way but saving. Or working hard to educate the kids to get a better life since they won;t leave anything for them.

Therefore there's big incentive in poor countries to improve and a big incentive to spend and to live off governments' back.

As a result, poor countries will get better and richer countries will get poorer.
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