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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: studdog who wrote (96563)4/17/2009 10:27:07 AM
From: philv2 Recommendations  Respond to of 116555
 
" Does our nation really depend on a debt slave middle class to survive?"

The answer is yes. The economic system is based on credit, and credit is the backbone of capitalism. The trick is to ratchet up credit for the corporations and masses, and if they won't take on debt, the government will do it for you in your name.