EASY READING CULTURE OF LIFE NEWS:
Credit has disappeared but not lending. The money people used to play speculative games while using borrowed money, has ended. But merchants and sellers are very anxious to lend just like in the Great Depression. Understanding the difference between credit, wealth, capital and debt is very important if we wish to understand the present depression we entered last year. We look at old stock market graphs and old newspaper ads to explain a little about what really ends a depression and why job security is the vital thing we should worry about, not credit.
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