Discussion in 'Economy' started by Gunny, May 7, 2008.
Borrowing to put gas in their tanks ...
and heat and light their houses...and feed their families. they're selling their stuff, too....
There was an article in the Wall Street Journal the other day about how borrowing against 401k plans has soared.
Borrowing and spending is what keeps our economy afloat. Matter of time before we go the way of the Romans.
No doubt. Anyone living on the edge before the prices of everything started going up are pretty-much screwed.
You just now figuring that out? The Romans didn't go because of borrowing and spending though. They're gone because they forgot what made them great and fell from within when they no longer had the balls to fight for what they considered they were entitled to instead of something that had to be maintained.
They screwed themselves and we're going the same route.
Explaining the riots over rice in the Third World.
We have reached pretty close to sustainable global capacity. When we truly hit that mark (we may be close) the global death rate MUST equal the global birth rate. Any excess in birth rate over death rate will be almost immediately equalized. It's just the way it is. And it won't be first world societies suffering the equalization....
It comes down to fertility rates....
It's not the USA that's the issue when it comes to over population.
Until their fertility rates drop, it will get worse.
gosh and here i thought it was due to an overextended empire....
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