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Tomas Gallucci

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Why Countries Go Into Debt [Aug. 8th, 2012|07:52 am]
Tomas Gallucci
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Godfrey Bloom explains why countries go into debt so that even politicians can understand!

[User Picture]From: ehowton
2012-08-08 09:15 am (UTC)
"You scoundrels!" LOVE it!
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[User Picture]From: schpydurx
2012-08-08 09:18 am (UTC)
Me too! What a way to punctuate that exchange!

You might also be interested in some Nigel Farage especially the second video where he says, "I want you all sacked!"
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[User Picture]From: gradumacated
2012-08-08 04:38 pm (UTC)


Of course, it's one thing to point it out and explain it, another to actually attempt to fix the problem.

While credit has allowed a lot of good to happen to a responsible few, it's allowed far more to get into debt and despair.

It's worth noting that methods of credit have been around for centuries. The only aspect of this that's a truly modern phenomenon is the ability of the general public to gain access to far more credit than they need and the astronomical sums now owed all over the world.
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[User Picture]From: schpydurx
2012-08-08 05:24 pm (UTC)

Re: Interesting

Hence the reason I'm getting out of debt as fast as possible.

And yes, I needed a laptop to help in that endeavor. ;-)
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