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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (252033)	6/5/2010 8:24:11 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Of course bankruptcy reform means that debtors have to kick in more in the way of wage slavery to pay off their debts - and what of it. This rule affects only those who earn more than the median income in their state. It's certainly not going to prevent the filing of Chapter 7 by the legions of the unemployed and underemployed. You don't think we can stretch out stimulus for 20 years, as Japan has so far, but you think the pain will take longer than a few years. OK, let's say you're right and the pain of deleveraging lasts ten years. There you are. The masters of this nation are the wealthy individually and through the corporations they own. They're not very shadowy, or mysterious, merely wealthy and therefore influential. So they enjoy less expensive domestic help and their businesses pay lower wages for a decade. What of it? And the beat goes on. .