Welcome. We’ve been waiting for you.
You’ve got to pay off 3 trillion in debt.
According to Jimmy Rogers, you won’t be alive by the time this “credit market mess” is cleared up:
The idea that you can fix a period of excess borrowing and excess consumption by more borrowing and more consumption to me is just ludicrous,” he has said.
He is also deeply gloomy about the time it will take to resolve the problems of the credit crunch. “Most Americans alive today won’t be around by the time the last of this credit market mess is finally cleared away,” he said last August.
Personally, I think the governments attempts to help will just prolong this mess. We need to take our lumps. Government action, if any, should focus on those that fall between the cracks and can’t feed or shelter themselves.
BTW: Why should you believe Jimmy Rogers? He is a bazillionaire who partnered with George Soros in the Quantum Fund.