2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.35

+2.7%

Nov 10 4:00 PM EST

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To: carranza2 who wrote (156937)	4/22/2020 12:53:03 PM
From: Lee Lichterman III	3 Recommendations of 217661

I wish I could agree with you about the general population starting to save and avoiding debt however after the dot.com collapse, J6P just ran out and maxed out their credit cards again and bought 10 houses to flip all on credit. When 2008 saw it all implode, I was sure that after blowing up twice they would learn and be more frugal. At the beginning of this year, consumer debt once again made new all time highs while savings were at new lows. We aren't a very bright country when it comes to finances. In this era of "nothing is my fault" and "someone else is to blame for my ignorance and failure to plan ahead", I don't think they will ever learn. Californians build homes in fire zones and are surprised when their houses burn and get bailouts. They build on hillsides and landfills and get bailed out when they slide away. Carolina Beach homes getting destroyed every couple years from hurricanes etc etc etc. Ignorance is bliss.

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