Jason Hamlin, of GoldStockBull.com agrees with FSN that the only way out of this permanent economic sink hole the world finds itself in is a Debt Jubilee. Without getting into the Biblical origins of the concept, man seems to have an inate ability to borrow himself into bankruptcy. It’s just human nature. After all, why put off for tomorrow what you can get on credit today. Therefore, any sound economic system must be based upon encouraging savings and discouraging consumer debt. Otherwise, a debt bubble is inevitable and systemic collapse will occur shortly thereafter. How many times must this cycle be repeated before humanity finally learns its lesson?
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.