If everything will be fine in 5 years time, then there is no need to worry in the present, as we already know the outcome 5 years from now.
If you've lost your job or worried about losing it... if you're in foreclosure.... if your car has been repo'd... Just hang on for 5 years and you'll be fine... Personally, I think there is a greater chance of the Dow being under 3000 in 5 years rather than "we'll all be fine"..
"Everything will be ok in 5 years" is a statement one makes when.... 1) They really do not know 2) Every "unsure pundit" makes these types of statements when they are trying to sell something.... 3) The fact is this.... Once upon a time there was a $70 Trillion economy.... Over $30 Trillion was taken out.... Now answer this.... How can prices, jobs, etc. be at the same level as a $70 Trillion economy with $40 Trillion ? How can recovery take place when one adds $5 Trillion ? The fact is ....it will not ..... $70 Trillion is $70 Trillion..... ......................................................................... The way it is..... .................................................................... What has to happen now ....is the fastest track to recovery.....which means building a manufacturing base in the US..... This is true wealth.... How does one do this ? By taking out all impediments to entrepreneurship and capital formation..... The government's role ? Reduce taxes and reduce legal largesse.....Become a tax friendly nation instead of a liticious cesspool of political bullshit..... Is the government doing this now ? NO....Just the opposite.... The remedy to government ? Change the two party by advertising based lobbyist system....
What I don't get is how come so many of these billionairs (buffet, gates, soros, et.al.) are dems/socialists/commies?
I don't get it either... same for Hollywood celebs. My guess is that they feel so guilty about having made so much so easily... And as for Hollywood types.... I think they have to espouse Liberal views to avoid alienating any of their fan base... wouldn't want "the people" to stop buying their records or going to see their movies... Elephino...
Perhaps the afforementioned individuals should learn to live within an appropriate budget as opposed to selling their life to the debt machine? When the lenders decide to "crunch the credit" those who were greedy begin to experience "loss" and fear. Once bitten, twice shy.
EXACTAMUNDO! But until the majority of Americans understand this, there will not be support for the revolutionary change necessary... and the Gummint will have bankrupted and destroyed us lonnnng before that happens.
Government is in a large part responsible for this too. Their spendthrift ways and "charge it to the future" recklessness set a poor example. If the Gummint had lived within its means (not deficit spend)... and encouraged citizens to do the same... save some money for a rainy day kind of thing.... we'd be financially healthy today.
Look closely at all Multi-Level-Marketing business and you'll understand. The big wigs who make it try their hardest to change the game to make it tougher for anyone else to get there. Bottom line is that they are sell outs. No ifs ands or buts about it. They try to break down the system in which they acquired their wealth. It's sickening.
Government too. It's VERY well defended against "change" or the rise of other significant political parties which might challenge the status quo.