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I think the world would be a better place if people lost the ability to buy the latest iPhone every damn release!
...but seriously, the debt is just insane.
People don't throw good money after bad forever, but get really turned off by the idea when the currency they're holding is devaluing fast (like our savings), China is already pissed...where's all the welfare and healthcare coming from when the credit dries up?
Hopefully we won't be battling it out in the thunderdome next week, but I think things are gonna have to change a lot, and dramatically if the pressure keeps building.
Us 1st worlders don't like to go without even HD TVs, let alone the important stuff, so it could get rough.
...but "I'm not technical" so feel free to tell me why I'm wrong, in detail please so I'll sleep better.