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this response says it all:
US Average Joe,
It is the same here in the U.K. Cars in the driveway worth more than the owner earns in a year or more; second homes bought with a deposit from 'equity withdrawal' on their main residence in the expectation that property only rises in price, and interest rates always stay low.
All that from people on modest incomes in a highly taxed society where living costs exceed U.S. living costs.
Mad, isn't it? I didn't buy into that madness. It appears you didn't either. It's people like us who will ride out this storm, and people who blame others who will seek vengeance or 'debt forgiveness' at the national level.
Nations have defaulted on their debt in the past, just like individuals have done.
Tin hats on. Only the comfort of family, friends and living within one's means will get honest folk past this madness, in my opinion.
This is not about religion, creed or culture. This is about personal responsibility, and protecting the vulnerable (children and old folk come to mind for me).
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