I like the idea of there needing to be a Catalyst to get economies going....and also, "good news" from Roubini at the end of this video!
The concept that we need to come up with something to invest in....something that will add value and be WANTED and NEEDED by people...people of the USA for sure, but perhaps we need to consider people of the world.
If we can create that "product" or "service", there WILL be investment to make that grow. We seem to be trying to "push" the rope to make lending happen....perhaps the lending will happen if we concentrate on something that will create "pull".
If we can create that "product" or "service", there WILL be investment to make that grow. We seem to be trying to "push" the rope to make lending happen....perhaps the lending will happen if we concentrate on something that will create "pull".
posted by Bigqueue at 11:59 AM
1 Comments:
The size and scope of debt is so very large it can never be paid back so a default will happen sooner or later.
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