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The "Financial Crisis"--Really a crisis?

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Blood.Wolf
Member
since 02-09-2009
Posts 54
GA, USA


0 posted 02-24-2009 08:52 PM       View Profile for Blood.Wolf   Email Blood.Wolf   Edit/Delete Message      Find Poems  View IP for Blood.Wolf

Is it really that bad?

To me, it really can't be as bad as everyone makes it seem.  If everyone's plunging into debt, then wouldn't the debt just balance out?  I mean, say some guy named "Bob" owes "John" $5, but "John" owes "James" $3.  Could "Bob" not owe "John" $2 and "James" $3?  Would it not amount to the same thing?  Except with all the countries here, isn't it just one long chaing that would eventually amount to less than what it seems like now?  Are those numbers kept that way for panicking purposes?  (I probably sound really stupid right now...)
 
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