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RE: DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?

in #economy5 years ago

we’re using wealth from “the future” (our future time, energy, effort etc) within current days. We’re basically sucking all of our resources from the future and using them today.

Interesting way of looking at it. Like any debt, we're using future wealth now, assuming we'll have it later. Like taking out a student loan, with the assurance that the completed "education" will be so valuable in the future, money will be no problem, even at outrageous interest rates.

It's also theft through inflation - our wealth is being plundered by less buying dollar power. We need to teach our children these concepts, that's why I read the "Tuttle Twin" books to my children - so perhaps the next generation will know better. 40% off right now with coupon code FORTY


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Dear @ironshield

I just realized that I never actually thanked you for your amazing comment. I absolutely appreciate it.

Yours
Piotr