| Alberta Farmer - 2/24/2015 09:37
Doesn't this quantity of debt indicate that something is severely mispriced relative to its actual cost
You go on to elaborate, but the answer is - of course. And not "something" but "everything". This is what I have come to see - that our currency system is so dangerous because it trends toward a system of "haves" and "have-nots" - and, we (or our children or grandchildren) are most definitely not going to be in the "haves" group. We go down this road, and slowly we can not afford to own our own farms, machinery, houses, cars - we become renters. As I have used the example of Tennessee Ernie Ford singing "I owe my soul to the company store" - it is what we must keep in mind based on the current trend. When a combination of a death, real estate taxes, etc. make it impossible for our heirs to keep the farm, who do we think will have money to buy it? We become renters - all of us.
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Next economic question. WHY is debt so prevalent throughout the world today?
