Originally Posted by TheDoc

The credit markets have been far worse than they are today, far far worse, far far more strict, far far far far far higher interest rates. From housing, to credit, to the inflation, all of it has been worse.

We have SOOOooOOo much more to go before we even catch the 80's, and even more before the 60's...

Thinking this eco can't function without credit is utterly stupid. It should be able to fully function WITHOUT ANY CREDIT, like it has before. It's the free market, and if you can't cut it, you work for someone else that can...

Originally Posted by TheDoc

Today, tons of credit, tons of leverage, tons of everything.. And it should go bust. We live in a fake market, with tons of crap we don't need, imported on trade credit, rather than just trade.

If you have to run your business on credit, you should be out of business, downsize, sell your company, whatever it is - but it shouldn't ever be ran on credit.

Does this mean we will have less stuff, damn straight. Instead of 80 different kinds of cereal, you will prob only have 20. Does this mean we prob won't have another fast food shit hole around the corner or a wallgreens, or starbucks down the road? Prob so and thank god.

We are an eco that has blown way up above the standard 'because of credit'... It created a fake life style. For Companies, the people and the Gov. It needs to stop.

Poorer or poor, working class, broke, 2 new cars people should never be able to buy a house, they shouldn't be able to own 2 new cars. For sure at todays standard, the credit they have is far to much.

New Company owners should have to wait 5-10 years (or prove business) before they get loans. This is how it used to be, and really over the last 20ish years has slowly stopped.

Let all the markets die, all at once.. then what? We are still going to over charge by 1000000% for everything? No... the market will balance out, which is needed.