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Next economic question. WHY is debt so prevalent throughout the world today?
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cfdr
Posted 2/24/2015 12:40 (#4410617 - in reply to #4410585)
Subject: RE: "Because They Can"


OldMcdonald - 2/24/2015 12:27

The real answer of why it's at where it's at, is staring us all in the mirror.

"People Get the governments they deserve." I don't know if there are many better quotes to more aptly describe the situation the world over faces today.



I would agree with you fully (rather than only partly) - if - the voters were given a good picture of what the choices really were. Just go back to the time just prior to 2008 and consider how few people had much of *any* knowledge of how things were done. Even now, we can see from the posts right here in this forum, there is a tremendous lack of knowledge about the basics of how our financial system works.

So, I would amend your statement that this is because of the voters being willfully ignorant to one of this being a combination of incompetence and greed - and (you'll love this) - a conspiracy to keep people ignorant and uninformed.
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