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Richard J Kinch Richard J Kinch is offline
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Default Ot - Not Political - Economic Meltdown

I hope the members of this group manage to
survive the hard times ahead with grace and dignity.


Those of us who make things should do fine. We will be men of honor once
again when the rest of the country learns its lesson that financial paper
does not make wealth. The musical-chairs Monopoly-game days are over for
now.

You will know the recovery is starting when the top pols stop preaching
that credit is the "lifeblood of the economy" and such. It was over a
decade from 1929 before the country finally realized that money and credit
were not the foundation of an economy, and that was only because a war is
only won with actual, not borrowed, treasure.

(NB: Where "paper" now includes digital bits.)