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Thursday, July 23, 2009


Re:It's a cop-out (Score:3, Insightful)

by Sj0 (472011) Alter Relationship on 9:33 Sunday 27 November 2005 (#14122023) Homepage Journal

The current negative savings rates in the US, propped up by incredible debt levels made worse by low interest rates and the housing bubble (allowing people who can't really afford it to have millions in cheap debt), could possibly spell the beginning of an economic holocaust the likes of which the US has never seen.

Large scale societal dynamics are the things which shape history, not so much the politics of the day. Politics in a vacuum looks very impressive, but you look closer, and you'll often find that it is a mirror which reflects what's actually happening in the world.
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