Helping Biotron to Do Better and Deliver Tangible Results: Shareholders Call for ASIC Action and Regulatory Scrutiny, page-169

Yes Lux there are fundamental problems which need to be understood.

The big one is understanding balance. When debt is cheap money is abundantly available. People are happy to throw it around like confetti and rack up debts so that they can continue to party like its 1999. Latest SUV, boat, latest iPhone, fashion, holidays etc. People think they are rich when money is cheap and they are spending money that isn't theirs.

The US and many western countries have been doing this for many years. Not just consumers but governments at all levels. Living beyond their means with the expectation that it will magically resolve itself, or become somebody else's problem at a much later date.

The problem isn't just the debt. The problem is that being able to endlessly and recklessly consume without needing to actually have the money is that people are less motivated to actually work. People who are fat and happy aren't real keen on doing a lot of hard graft to pay for it all. The more they have the less they feel like they should actually be working. They feel rich when they aren't.

This describes consumers across many western countries. It describes the behavior of western governments also. It all came home to roost for the PIGS during the GFC when they simply couldn't borrow any more and had to start begging. The US who was by far the worst got away with it because they managed to sell their much of the debt obligations to idiots around the world who had no idea what they were investing in. People around the world took a haircut thanks to US consumers defaulting and the US just went back to business as usual ever since and kept spending like drunken sailors.

Yes it will come to a point where the US government and consumers simply can't service their debt and will need to make some hard decisions. Balance must be restored to ensure a healthy ratio between lifestyle and contribution of labor. They need citizens to actually work to earn before they spend to consume. They need to also be productive that adds value to offset their imports. Hardest off all they need to deleverage. But how to you convince a generation of people who have lived their lives on borrowed money that this can't go on?

I acknowledge that Trump can see that there is a biggggg problem and I also acknowledge that he thinks that he is trying to do something about it. I don't agree that he knows what he is doing or is being honest with the people about his intentions or the purpose of his actions. I do however question if its even possible to tell people the hard truth and get them to agree to take the pain.