Mr Hart writes:
Your Death of Debt was a great piece of work…..I’m sending it on to our local internet folks that enjoy that kind of information. Regarding the time line for the next drop in the Stock Market, the recent events suggest that it will be this Spring. For example, the sale of autos at zero per cent financing, the reduction in mortgage rates and the renegotiation of terms, the poor Christmas sales all portend trouble ahead for the economy, in my opinion. …
Helen Diemert writes:
Still enjoying all that you write, Mr. Nicholson, and commend you for keeping us alert. Happy New Year and all the best in 2002.
In response to yesterday’s Michael Dewolf comment:
Let’s face it, the policies and actions of our elected officials really do reflect the will and short-sightedness of the people.
“Of course, deep down, I really appreciate our national debt, as should you.”
We’ve gotten years of services without paying for it. Even ‘us kids’ (children of baby boomers) have gotten superior health care and education because of our parents loose spending ways.
Ted Swarts responds:
Michael, If you really think that you and people born after say 1970, have received benefits from the irresponsible spending of older generations, you should wait until you find yourself forced to repay the resulting debts before you so readily accept them. Big debt, like big government, is a nightmare in waiting. If I were part of your generation, I’d be preparing to use every baby boomer, and their parents, as fertilizer, for when all is said and done, that is all they are worth. (by the way, I am a Baby Boomer)
Within 20 years, if our economic system hasn’t collapsed totally, you will find yourself and your peers all slaving to pay off debts and environmental burdens that they created, all while you support their golden years, which they will have so selfishly failed to finance adequately [through an under-funded Canada Pension Plan, for example] while voraciously depleting nature’s resources and destroying its endowments.