| it's funny how few people on this comment board fail to realize we in the west are all greece soon. too much leverage leads to an insolvent society, just as too much debt leads to an insolvent individual. the history of the world is largely intertwined with stories of debt------who is under the control of whom else? the answer to too much monetary debt is always monetary debasement. as the money supply is turned to toilet paper, as we have seen in the 20th century with zimbabwe and other countries------------the answer is that societies reform themselves. the result is other types of debt and relationships arise to fill the gap, while poverty sweeps over the nation. no financial trickery can solve this problem, at best one can hope to mitigate it. firms like goldman sachs seek to exaccerbate it as financialization is rooted in crisis capitalism, generating and encouraging crisis in order to take advantage of it. the entire wall street edifice has transititoned over the years from semi responsible stewards of financial wealth, to a parasitic casino that is built upon the practice of crisis capitalism, bribery and price manipualtion. |