When there are a cluster of these relationships, as there are currently, the likelihood of something major playing out is greater.
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Advertising on school buses is making news, but a far more incestuous form of marketing has been going on in the classroom for years.
"We must pay down the national debt! Debt will be the downfall of the Republic! Wait, we've been in debt for the better part of 200 years? Oh. Um..."
While credit cards are nothing short of an American obsession, Germans have yet to make them a part of everyday life.
German economy roaring; KB Homes tells it like it is; sector and asset correlations; Edgar Cayce predicts destruction of Manhattan
Thanks to VisualEconomics.com, a picture is worth $49,638.
Don't believe the Corporatocracy hype: despite lower incomes and wealth, the lower velocity life is leading to richer life experiences and, ultimately, the same level of happiness as before.
I believe this is what people are referring to when they talk about "debt repudiation."