U.S. Economic-Meltdown; The "Genesis"?

Mr. Shaman

Well-Known Member
Joined
Nov 27, 2007
Messages
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"So how did we get here? For most of the last 25 years, individuals, businesses, and governments abandoned their Depression-era distaste for debt. With a view that only better times were ahead, we all began to rely on ever-increasing indebtedness to fund expenditures large and small. According to data from Morgan Stanley (MS), total U.S. debt—individual, corporate, and government—rose from approximately 150% of GDP in 1980 to more than 350% by the end of 2008."
That's RIGHT, folks!!!

It ALLLLLLLLLLLLLL started during those good ol' GREED-IS-GOOD/REAGAN-BUSH 1980s!!!!!!!!!

2009-07-15-GordonGecko740537.jpg


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(Too Cool!!!)​
 
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