sloth's Post
lol hi monk, you are THE bear... that video is uh, dooms day funny style.. that guy is just too over the top.. our country is f'd..
4 Replies:
but war can fix anything.. plus a number of other immoral plots :) stay tuned... this is just starting to get interesting :)
hey sloth, personally I don't think he is over the top at all. It comes down to common sense. Home prices cannot continue to rise if wages (the ability to pay for the home) do not rise at the same rate or higher.
secondly, no one person, corporation, or government can take on unlimited debt. Bankruptcy happens when the debt payments can no longer be made. Or when debt holders call in their loans (want their money back).
and don't claim that the government is different because it can print money. More money in circulation means the dollar loses value and other (real) assets appreciate (oil, ag crops, gold, silver, etc.) Google Hyperinflation and Zimbabwe or Brazil
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