Saving your pennies and keeping debt down is counterproductive today, since the government subsidizes bad financial efforts of debtors by dumping the bill on all taxpayers (and really anyone who trades dollars for anything). Take debt against home, don't pay off mortgage, buy gold and silver.
It's hard to imagine that our culture being financially irresponsible is actually propping up our debt-based economy and currency. Crazy. It's like opposite day every day! If everyone stopped going into debt and saved their earnings, it would all collapse!
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