10-02-2008, 04:42 AM
Credit based economies fail Dick, that is what is happening now. Its the model thats the problem INHO. I think we wont see a solution until we move away from a credit based economy in favor of a savers based economy... We just cant keep on borrowing, the credit system is imploding and will continue to so, no matter how big the bail out. We cant borrow our way out of this one.
Spur savings rates, (how about capital gains tax rates on savings for starters) not more borrowing if they want to get liquidity back in the system, no more voodoo economics please, as the chickens have come home to roost.
Spur savings rates, (how about capital gains tax rates on savings for starters) not more borrowing if they want to get liquidity back in the system, no more voodoo economics please, as the chickens have come home to roost.