Quote from: Fullbear2222 on June 27, 2024, 03:48:18 PM

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.

Woahh, brooo, I've never been so shocked at someone's mentality. No offense Cheesy

, but how can you even think in such a manner? You're basically trying to say, everyone should take loans, whether they need it or not, enslave themselves to the people and companies or countries they took loans from and work their ass out to pay, then go through the cycle again. Wow, that sounds like a very meaningful life well spent Cheesy

. I bet you live like that for the welfare of your country right? You should keep it up. Acquire as much debt as you want and work 2, probably 4-to 5 jobs to pay them off, and watch your country miraculously develop through your hard work Cheesy

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Okay, but jokes aside, you should know that what makes an economy grow isn't DEBT, but INVESTMENTS. it's not all about getting money and enslaving yourself, but what you do with that money. You're not totally wrong though, a lecturer of mine once said that a successful business endeavor is actually one that has 80% other people's money and 20% the founder's. I was so confused for so long as to how that made sense. It took me a while to realize that what he actually meant was that,
successful businessmen use shares and loans to make money for themselves and after a while of course, pay off their debt. And yes, the cycle continues, they would still continue to sell more shares, take more loans, and buy more shares, pay off more debt.

You see, I kinda get what you're trying to say but you would have actually made more sense if you didn't talk about taking 2 jobs to pay off a debt you didn't need in the first place. If you could run 2 jobs at the same time and you were so hardworking, why did you take out a loan in the first place? For the purpose of Economic growth? Nahhh... That's not how it works brother.