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You know, it's scary but true that the people who are the best off in all this mess, the ones that made the most money off other people, are still the ones orchestrating this increased credit concept, like it will somehow stimulate the economy. It will, no doubt, but when all those bills come due and there's no money to pay them, it's mayhem all over again. And those who made money in the past will make even more, and the bailouts will happen again.
I live in Canada, and our government wants us all to believe that it's not as bad here as it is south of the border, but it's all a pipe dream, and we're all screwed because a bunch of people are making a lot of moeny watching everythng else collapse around them.
It's pretty perverted really, and I'm scared, and more than a bit angry. I was laid off at the beginning of Nov., and let me tell you, it's a sorry state of affairs out there.
Stimulate yes, buut let's stop making credit more available, especially to those who can't afford it, it will only make things worse in the long run.
Peace,
Pierre
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There is no such thing as strong coffee - only weak people.
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