[QUOTE=Mohoender
Future will tell but nobody knows it, and obviously not our political leaders (Oops, U.S. still is in the process of choosing one).[/QUOTE]
As the line goes,
"Its a huge shit sandwich and we all gotta take a bite."
As for the politics and finance issue.
Well that is a big problem with international investment, and dare I go there, I dare, the European Union and tying its currency to the Euro.
It is strong generaly, and some of it was at the stake of dragging down one countries and propping up others, but when something bad happens <like now> they domino as is happening.
Remember, with issues of finance, there is always risk. And if you tie your finances to other systems well then you are exposed to the problems of that system.
A big issue here in the US is the home loan system and dare I, yes I dare SCANDAL! Part of it was several years ago the government demanded and investigated mortgage lenders for not lending to low income disadvantaged people. And other less scrupulous lenders manipulated the books lending to people who did not have the ability and should never have had a loan, but they stood to make a quick immediate profit <they did not look long term> and coupled with governmental pressure they got away with it.
And of course the doctoring the books of most of these companies, and well the bubble popped and here we are!
Another attituide is idiots who buy things they can't afford. When I worked in the law office I had so many clients who could not afford their homes, they had terrible credit ratings, had overly high interest, and paying more for the home than it was worth. And in addition the courts were increasing the alimony and child support because of the worth of the house. And they refused to end the madness. End result, they lost everything.
I think it is in part because so many people today at least in California are fiscaly irresponsible and raised with the idea of credit and credit cards are to be used and used often. Then again we are almost indoctrinated to get credit cards and buy buy buy. They do not think about having to pay for it. And that in part is a problem with society. Heck, I purchased my anatomy books last term and the school had three different fliers for credit cards they put in the shopping bag along with my books. There was a huge banner for a credit card with Wells Fargo, and now that bank has a permament booth right next to the administration office with a couple people durring most school hours hawking their credit cards.
The credit companies were overly predatory, and they were targeting people who had no buisness with credit, either they could not pay for it, or they were too imature to understand and handle it, or, they were and are playing the system taking everything they can, then ewalking away declaring bankruptcy. I actualy have several freinds who have done so multiple times. And then they start over again, its as if they do not learn from their mistakes.
ARGH!!!!!! Enough, before I go insane...okay more than I already am
