(Yesterday, 08:41 AM)FCD Wrote: I'll say this here, to this group, but I would never share this message on a public platform...
(you'll see why in a moment)
This is not an excuse, and it's not kicking the can down the road either, so I need to say that right up front. There are a couple important things to understand about the theme of the OP. Those 'debts' are all real, in varying degrees, but it's important to also understand, those debts don't all get 'called' the same way. Meaning, they don't all come due at once, nor at the same time. And...many of them are radically different from each other in terms of who holds those debts, and on what sort of 'paper' they are. In other words, it matters 'what' the various 'instruments' are which create those debts, and how they are serviced and/or paid down.
Now, in the same breath I have to say, this is NOT the same thing as saying..."Don't worry!"...which is exactly the message that politicians frequently and notoriously message out to their constituents. We definitely DO need to be concerned with all these obligations, but some of them warrant more immediate concern than others. Again, I need to stress here, this does NOT translate into..."It's not our problem and it's not a real problem"...and/or..."Oh, that's just fear mongering; go on with your lives!" These obligation are very real, and we as a society absolutely DO have to worry about them. So, let me be clear about that.
Now, I suspect you can see why my words are something just shared with this small group, and not the wider general public. In the event it's still not clear 'why?', then just let me drive the final nail into the coffin here. If the "Don't worry" message is allowed to percolate through the general populace, they will do EXACTLY that (i.e. not worry), and they will do this because it is "easier". The populace as a whole is lazy like slugs, and most won't get their fat asses up off the couch to do anything, about anything really, until it's their house, and their living room, which is on fire. Instead, they'll just go back to watching "The View", or CNN. Fat, dumb and happy...and ultra-lazy!
Another great OP, Kenzo!
Yeeh , great view .....sounds like a bottom line about this .
Lazyness is issue now days in general i think . After WW2 those people were maybe more hardworking , or even before WW2 like in great depression in the 1930s .
Not sure what all interest rates are creating more debt / year and how much .
The US Congress / Senate has big role ...but if the uniparty™ cant /wont make wise decisions , or the left / right quarreling is all they do , then important desisions cant happen .
If i understand right , the ultra rich billionares all have ways to transfer wealth to other places.....so they have secured their wealth , a luxury most low income people cant never really do. Great injustice where rich get richer and poor poorer .