The Economist (official group for The Economist newspaper)

The Economist (official group for The Economist newspaper)

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Charles H.

WSJ muses idea of fire sale of national treasures to pay down federal debt. Wouldn't reasonable rates be smarter? #sbfi

Commercial Lender Training and Strategist

  • Comment (3)
  • December 30, 2012
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    Charles - selling off the family silver was never a good way of creating money! Reasonable rates are not just smarter, they're more long-living!

  • Benny C.


    Benny C.

    Manager, Economist & Accountant

    Warren Buffet has used the sales of parts of a homestead farm as a way of paying debts as a metaphor for the situation of the American economy.

    Cultivating Assets such as the National Park system and the SmithsonianMuseum is what helped the American economy get out of the great depression

  • Derek B.


    Derek B.

    Director at Materials Technology Ltd.

    Charles, Asset sales are a constant process, typified by the UK where, in general, our rubbish is collected by the French, our electricity is generated by the French and Germans, our car industry is owned by Americans, Indians and Germans. Politicians are complicit in this because it helps to cushion the balance of payments deficit and supports the currency at an artificially high rate. The detriment is that it inhibits enterprise because a nations' goods are thereby uncompetitive. My view is that our political systems and our excessively complex taxation must change, our currencies must be devalued otherwise we in the West will constantly be managing decline. www://