Swimming against the stream that pulls you down. Fighting against the race to the bottom.
As goods got cheap and cheaper, Classes C,D,E starts consuming.
But they have more wish to consume than money. Banks come in and make loans available.
The countries and people get indebted to their ears. And the Chinese there producing cheap stuff by the containership load.
Then the banks like locusts, move over to the next bunch of countries.
IMF Says Brazil, China, Turkey Face Worrisome Credit Booms
bloomberg.com
After thew whole planet is bankrupt and all nations have defaulted. Totally kaputt.
Perhaps the Roman Catholics will raise and say:
"Where were we, exactly, 2.000 years ago?"
"Oh, yes, right, usury, Thou shalt not lend upon interest to thy brother; interest of money, interest of victuals, interest of anything that is lent upon interest"
And since we are at it, my brothers and sisters:
"By the sweat of your brows shall you obtain your bread." |
