If those three things are threatened, we are thereby, as we used to say, grabbed by the short hairs. We are in distress immediately and
we will expend whatever reserves we have or agree to go into slavery
... eh ... I mean debt ... to relieve us of that distress.
****** james, you know that I have been trying to understand this part of your economic philosophy, which is shared by many in other communities. But, I keep coming back to the idea, that if we live in
an economy that it based on debt; why would we should to participate
in that economy without using debt. Now, I've said before that I have remained debt-free for almost all of my life. I have only used
very short-term debt as leverage.
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