The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Archie Meeties who wrote (90238)	1/7/2008 4:35:37 PM
From: GST	Read Replies (2) of 110194

Look, we all know that we have amassed amazing wealth as a nation -- the shame of it is that we are squandering everything that previous generations built -- and they built it through hard work and savings, not by living beyond their means. Now the Chinese and others are doing what previous generations of Americans did -- and they are profiting from it. We are the ones pissing away our good fortune. As we go broke they are able to do just fine by serving an exploding population of increasingly educated and productive citizens of theirs and other countries. They will miss us the way a casino misses a "whale" -- but the casino does not go broke when the whale plays his last losing hand -- on the contrary, the owners of the casino keeps busy counting their money.

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