Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I've been thinking about this for a couple of weeks. I heard one man talk about the debt crisis in real money terms. It's like we have $20,000 in yearly income and we're living on $40,000 per year. The extra 20k is borrowed. And the latest agreement from our governmental leaders is a mere $300 in savings. It looks like it will all come crashing down sooner than later.
Yes, me to have similar feelings. How long can this thing keep on going like this ? If we just make 20K in an year, then how can we afford a living standard of 40K based on borrowing the money from others ! Sooner or later we will have to face the realty.
Keep in mind, it is not as simple as just stopping all spending beyond our limits (the extra 20k, in this example). I mean sure, that is the common sense solution. But we have been spending so much, for so long, that stopping now also means sending this country (and world, probably) entire the biggest depression it has ever seen.
So you have to find better ways. Just like someone that is addicted to drugs, you may kill the person if you just stop cold turkey. They need to go to rehab and learn how to live without the drugs. In this case, we need to go to economics class and learn how to slowly ween ourselves off the tit of credit.
