cybernoid, on 13 March 2012 - 11:12 PM, said:
Being prudent was recently and is now and will be for the rest of our lives .... stupid. Do the minimum required for today, live for today, for there is no tomorrow. You save anything up and they'll take it from you. See the world while you can, do what you enjoy today, do not put anything off because you think it's responsible.
The top rated comment on Masons blog I suspect is rather c;lose to the truth on this whole debacle
Racking up debt and then inflating it away is a mechanism deliberately designed to keep all but the super wealthy in their place. Applied cyclically it becomes a "wealth harvest" pulling back any wealth which may have trickled won or been created by "ordinary" people and stashing it in the coffers of the rich.
The one thing the masses can not be allowed to do is to accumulate and control their own capital. If that was to happen how could they be controlled ?