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Reality Check: The Next Financial Crisis

The calm before the storm?

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"Good money after bad"

What's the solution for excessive debt?

First, realize that ALL debts get discharged eventually.

Either their are paid off or they're are written off.

You can lend more money to the person, or bank or country in debt...or you can take your losses now.

The government solution? Give the debtors, who can't pay the debts they already have, more money.

"Good money after bad."

Somehow this common sense saying is no longer in circulation. It should be brought back.

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