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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: jackjc who wrote (44871)7/14/2007 2:56:18 PM
From: loantech  Read Replies (1) of 78408
 
Jack great response but I do not get it. Of course we did not have the cash to pay for our house 15 years ago so we borrowed and then raised out standard of living by having a nice house.

But what about all the people I see in my working capacity that just seem to borrow and borrow? It seems as though they are borrowing their way to prosperity. But I was raised to think sometime the you have to pay the piper. So will all the debt or credit created be sustained and will people be able to support these paybacks going forward?

I am forever dumb on some things and one of them is how can the government and people just keep borrowing and deficits and debt keep rising but the good ship economy keeps on rolling.Like you say it seems to humm along.
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