In classical thought, each person was given a life according to measure, and the Fates executed the due and necessary stages. So too, nations and cultures have their existence for a time. How much longer for America?
The contraction will continue as long as there is hope.
During the bubble years (1945–2007), more and more credit produced less and less real prosperity. It was as if you were borrowing more and more, to invest in your business or merely to increase your standard of living, but your income didn’t rise fast enough to keep up with the interest payments.
The contraction will continue as long as there is hope.
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