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Recovery: ‘Families Hoard Cash 5 Years After Crisis’

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cryptogon.com
October 7, 2013

Voluntary simplicity, or, living well on very little money, kicks evil people in the nuts and gouges out their eyes… Doing this in the U.S. has a force multiplier effect because the U.S. is the largest source of the funds that keep the global ponzi scheme running. When people in wealthy countries opt out, the action causes major economic damage to the machine.

Commentary on Voluntary Simplicity from 2007

This AP piece is remarkable:

Shunning debt and spending less can be good for one family’s finances. When hundreds of millions do it together, it can starve the global economy.

If families, acting in their own best interests, “Can starve the global economy,” something is very wrong with the global economy.

Via: AP:

Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in major countries around the world are still hunkered down, too spooked and distrustful to take chances with their money.

[...]

The implications are huge: Shunning debt and spending less can be good for one family’s finances. When hundreds of millions do it together, it can starve the global economy.

This article was posted: Monday, October 7, 2013 at 5:03 am





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