Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (102764)	4/19/2009 2:57:41 AM
From: benwood	3 Recommendations Read Replies (3) \| Respond to of 110194

That's a good summary of that demographic. I personally don't mind busting myths. The only reason they are partisan is that they myths are partisan by design. And you are right, the partisan politics is cover for our sorry state of entrenched lifetime political hacks. The lack of term limits is the missing Holy Grail. The inability of families to delay gratification, to save for a rainy day, is reflected in the gov't we've chosen. They, too, live on debt, unable to save when times are good because we vote those clowns out of office. Give me something NOW, or get LOST, we tell 'em. The perpetual escalation (in nominal, real, and relative terms) of debt means that it will eventually jump the tracks and produce a seismic dislocation. Last fall was close. TJ says maybe in 3 years, or 5. Maybe 10. But it's coming. Unless we voluntarily cut back. I don't think history supports that action by any powerful nation or empire. They always go kicking and screaming.