The Forum > General Discussion > Aust asks for Gold Audit from London.
Aust asks for Gold Audit from London.
- Pages:
-
- 1
- 2
- 3
- ...
- 13
- 14
- 15
- Page 16
- 17
- 18
-
- All
The National Forum | Donate | Your Account | On Line Opinion | Forum | Blogs | Polling | About |
Syndicate RSS/XML |
|
About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy |
You say the way households, businesses and governments is "too much debt" but have you really considered what that means? The limiting factor is not the actual amount of debt but the ability to service it, which in turn depends on the interest rate. When interest rates are low, we can afford to service much more debt than when interest rates are high. So in the subprime crisis, households did go broke in a "new" way, being able to service the debt at the low introductory interest rate but not the high ongoing rate.
Financially sovereign nations have never defaulted on debts in their own currency for purely financial reasons.
You say that more debt has never fixed the problem, but it did in the 20th century. And what do you mean by "only pushing the solution further down the road"? What do you imagine the solution is? Indeed what exactly do you imagine the problem is?