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Old 02-24-13, 07:02 PM   #15
Skybird
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Guys, I have tried often enough to explain in past threads what the difference between "explicit debt" and implicit debt" is.

You better start to understand that the latter is far more important - and threatening - than the first. Ypou have to multiply the harmless debts they use to quote in the media by factors between 5 and 20, depending on the industry nation you chose.

In the past, when the competition on the global economy market was easier for the West, and taxes were flowing rich, and economy was fine - already then all states made debts. If even in the easiest and best and wealthiest of times states did not manage to control their debts, how could you assume that in an economic environment far more difficult and much more fought over, with higher debts and interests, a much bigger crisis, a much more meaningless currency of non-value, a multiple times as disadvantageous volume relation between real material values and FIAT money, in short: with every variable being far far more disadvantageous - how could you assume that in this harder situation budgets and debts and deficits and all that will improve...?

You already have not flown by will-power alone when you jump out of the window in the past. You instead broke your bones. And now some of you seem to think that the trick nevertheless will work if you jump off the peak of Mount Everest - because it is higher and the challenge presses your mind power more intense to fly?

Well, in times when you get a "suspect" marker stamped on your intel file when you have not a certain amount of red numbers on your banking accounts and do not have a credit card, and when many people "solve" their debt issues by shifting the debts of one credit card to the next and do this over four, five cards and more, and their banks even encourage them to do so, maybe I could not expect more indeed. Miracle belief will save us, no doubt. Or, as Oberon put it, digging until we reach China.

Ecplicit debts are just destracting. The compare to the tip of the iceberg you see above the water surface. Implict debts is what you must focus on instead - the many many times as huge bulk of the iceberg hidden below the surface: its mere volume, and the time dimension that it implies, because implicit debts realise over time, inevitably. The current states of things say little. The momentum says all.
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