Elspode |
09-12-2007 02:20 PM |
*Credit* is going to cause the ultimate collapse. There's way too much money in the world that isn't backed up by anything except good intentions - the good intentions of borrowers, the good intentions of banks, the good intentions of countries.
It boggles my mind that the amount of credit extended is so high, yet we are bleeding basic jobs like a hemophiliac, here. Its going to bust. Its got to...just like the Dotcom bust. Too much good intention, not enough hard stuff underpinning it.
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