Date registered: Dec 2005
Location: United States
Mentioned: 3 Post(s)
Quoted: 469 Post(s)
The entire economy is based on debt. Borrowing and spending are the rule, and saving and producing are obsolete. From the family unit all the way to the U.S. Treasury. Anyone with sense knew it wasn't headed anywhere good. But the masses don't know any better, and with a kleptocratic government in office--with a vested interest in keeping those masses uninformed--there was little to stand in the way of a collapse.
There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man's lawful prey. --John Ruskin