Comment by OutOfHere
2 months ago
You're just so used to a debt fueled economy that you can't think of it being any other way. That is the problem though in that 99 times out of 100, debt goes rogue in a runaway sense and blows up the system. It is a time bom.
In essence, debt doesn't need saving from the system; it's the system that needs saving from debt.
An economy that can be debt based is going to out perform yours nine years out of 10
Sure, but it will be gone after a hundred years of compounded debt.
A system that lasts a hundred years before failing is a successful system. This reminds me of comments about bankrupt companies that made massive profits for 10 years, calling them failures. That's a success and the comment is sour grapes.
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