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

To: Skeeter Bug who wrote (108788)	6/19/2010 7:19:00 AM
From: clochard	Read Replies (3) \| Respond to of 110194

Is that really true? I mean, debt based monetary systems seem to work except that they are abused and the economy fails. Its like the old saying "guns don't kill people; people kill people"

To: Skeeter Bug who wrote (108788)	6/19/2010 11:13:32 AM
From: RetiredNow	Read Replies (1) \| Respond to of 110194

Interesting. I'm also considering paying off my house. I'm waiting until Sept/Oct, though. If stocks have tanked by then, it might present a good buying opportunity. However, if stocks still look expensive, then I'll pay off the house.

To: Skeeter Bug who wrote (108788)	6/19/2010 1:37:41 PM
From: Hawkmoon	2 Recommendations Read Replies (1) \| Respond to of 110194

until we get a debt free sovereign money supply, we are doomed. the only question is when. During which period in the last 1000 years have EVER had a "debt-free" money supply? Even gold certificates were the backing for interest bearing loans for the early part of the past 200 years in the US. The reality is that debt, within limits, is how an economy grows. The ability of the population to take on debt, and then repay it. But it's maintaining that debt level within the reasonable bounds of the ability of the borrower to repay that is critical. We've obviously far exceed that capacity so long as unemployment is near 20% actual. Hawk