Governments that now hope to borrow heavily to help boost the countries economies during the recession.. Borrowing that can be paid back at a later date.. Normally for a good economy this debt will take 15 to 20 years to repay. But who said this economic recession was normal.. It looks more like a economic revolution a complete change in how the world does business. A complete change in economic and sustainable thinking. This recession maybe the straw that broke the camels back . But it is also a warning that the world can no longer continue to do things the same as we once did.. Countries that have not heeded this warning to change will fail. The old monetary thinking of just borrowing money in a recession in hope that you can pay your way out of it when the recession ends. Is no longer a solution, and will only make things worse. As this recession can only end when the world and its people change their economic thinking to a sustainable world.
Rusty Kane NZ
