Breaking News

Citi, M. Stanley in brokerage talks; Rubin qu...
6:49 PM  01/09/09

Jobless rate at 16-year high as payrolls plun...
6:43 PM  01/09/09

Dow industrials finish sharply lower Friday, ...
4:02 PM  01/09/09

Citigroup, Morgan Stanley in talks to merge b...
3:41 PM  01/09/09

CES: 1; Apple: 0
7:30 PM  01/09/09

Hollywood's Early Award-Season Winners
7:30 PM  01/09/09

A highflying marketing concept goes global
4:31 PM  01/09/09

Deal to restore Russian gas hangs in balance
4:31 PM  01/09/09

more »
 
Savings are the foundation

http://globalcapital.blogspot.com

Ultimately, someone must save some money in order for there to be funds to lend out. At the bedrock foundation of our system, someone must save the money before someone else can borrow it to build a business. When the Fed just creates money out of thin air, the prosperity created is fools gold and temporary. That's why we see so many bubble, burst, and bust cycles. This is fools gold prosperity. Those who survive this crisis will eventually be the savers, not the spenders.

Submitted by sbenard on Thu, 2008/10/02 - 12:52pm » 

Reply

The content of this field is kept private and will not be shown publicly.
  • Lines and paragraphs break automatically.
More information about formatting options Captcha Image: you will need to recognize the text in it.
Please type in the letters/numbers that are shown in the image above.