Reply #17: Because crashes are inherent to the system, they only way to fix it is..

[Ozymanithrax]

to get a new system.

The investor class will not go broke because of this crash. They will feel no real misery.

It is the people in the middle and at the bottom of the pyramid who get crushed. Because we live in a system where credit is required we have no choice but to rebuild. And for every old timer like me who gives the system the bird, there are 3 or 4 new members getting their first credit cards, watching commercials tell them what they want.

On an individual level, we are hosed, but across the U.S. and everywhere we have exported the system, it works like gang busters. Look at China who just announced that they need to narrow the gap between the rich and poor. The gap will not narrow, they will just issue credit.

Last week, I received two invitations to accept pre approved credit cards. I shredded those suckers. But most of my neighbors did not and are incapable of seeing consumerism for what it is.