« Banks and profiteering | Abusing our money »
@ 12/11/08 – 21:08:38
Debt is at the heart of this financial crisis. Governments, like companies, like individuals over-borrowed, and like anyone who lives on credit, payment day always arrives.
So how does our government plan to pay for all this extra money they are now spending? After all, borrowing more to pay existing debt is not a sustainable strategy, as although it may temporarily relief immediate pain, it always creates much bigger pain in the future.
Are we sacrificing our future?
lindapitura
lots of truth, one day it will all explode, maybe not too far away. However, I am not a buyer of conspiracy theory. I think it’s greed and lack of thought that caused it, more than anything else.
Is the current credit crunch just a dent, or the opportunity for a change?
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Check this out...
http://video.google.com/videoplay?docid=-9050474362583451279
"Money as Debt" - a 47 minute film on this topic...worthwhile!