David Blaine couldn’t survive a bubble either
Why do people think you’ll make more money in the future with more debt and less revenue? Ladies and gentlemen if you can do that then congratulations you know magic. Real magic too no David Blaine.
Watching these experts like Paul Krugman explain their keynesian economics is entertainment. The reason why is “talking heads” like Paul are the best actors far better than Hollywood because they actually believe what they speak. They don’t take the advice they offer themselves though.
I’d guarantee you that Paul personally does not borrow more money to solve his debt problem. He ain’t stupid he just talks silly economic policy.
The problem with the American economy is that it is taking advice from the daytime television commercials. The debt relief hotlines are now controlling the economic policy of the United States. The only option they offer is the same, tell you lies up front and refinance your debt into a new loan in the end. Call it keynesian or whatever it takes just get-er-dun.
Anyone with any brain power knows that you can’t solve debt problems by continually borrowing money. At some point you have to NOT borrow money and face the debt you owe. How much do you owe exactly? How much can you realistically pay back? What ever you can’t you need to accept it and move on.
This isn’t too complicated is it? Well for these Paul Krugman types it’s way to simple I guess. They must get paid by the word for their advice or something. Life isn’t a classroom professor this is the real world.
The best advice on money I’ve heard goes like this, “If it’s too complicated to understand then you shouldn’t get involved with it.” What did the real estate crash teach us other than that? Remember adjustable rate mortgage scam?
David Blaine has proven that if it sounds too good to be true then it likely is. He couldn’t escape a bubble and the United States economy can’t either. David survived because he was smart enough to know that AND he had people watching who REALLY cared for his safety.
Who’s watching the economy now? Will it drown in another debt bailout bubble? What do you think?
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