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« Gold Will Eventually be in a Speculative Bubble.... | Main | Video - Economics 101 for high school students »

09/21/2011

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illusory wealth

Wealth that comes through debt is always illusory. Real wealth is real money that belongs to you that can be spent. It's not someone elses money that you will have to pay back with interest later.

America has to get back to the basic principle that debt does not equal prosperity, debt is an illusion of prosperity that will come back and bite you in the butt eventually as we are seeing now.

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