Quote from: steelhouse on September 06, 2011, 05:23:37 AM

If you have $10,000 in the bank and cars drop to $500, I buy one. The cost of a trip to Europe drops to $100 I go on a trip. People don't sit on their savings. They spend it. They earned it. They work to earn money, to take trips and buy cars.

Wow, that's possibly the most concise way I've seen of obliterating the absurd argument that savings is bad. Who does anyone know who sits around and prefers to count their money on a regular basis rather than go on vacation or work on their house or watch movies or anything else other than count their money?

This is also discussed by Alasdair Macleod and James Turk.

Steelhouse, just protect yourself and your assets. Leading by example is far more productive than trying to force an individual's perception to change. Knowing what you can influence over what you can't is critical to surviving the final stages of the ongoing catastrophe; channel your outrage.