>>Getting in debt, allowing to be fooled by sleazy debt sellers, spending on rubbish (and I've seen it all over the years) doesn't really boost my confidence in common sense.
>
>Perhaps you will be surprized what happens if the $hit hits the fan -
>spending even on rubbish might not be a decision compared to have funds confiscated directly,
>through non-BuSab controlled law efficiency
>(see europe turn over quickly from never bailing out countries,
>watch the glory of those really non-politic central banks)
>broadening the tax base to those still having any kind of funds/capital/nest egg.

Been there, seen that, had my savings evaporated. Read up on Sloba's years, specially 1993 - we were robbed blindly by his state several times over. He plundered the social security funds, retirement funds, sold bonds for "rebirth of Serbia", had Ponzi banks collect as much hard currency as they could, and then had the central (aka People's) bank print money in an exponential exponential curve (yes you had to logarithm twice to get a linear curve on prices graph). In just three years, our salaries went down from nearly 500 DEM to just 3 DEM a month.

And the current EU-suppository gang isn't much better; they aren't printing money, they're just selling anything that can be sold, taxing whatever can be taxed and helping monopolies take over everything. Luckily, the BuSab is in the foundations of the system :) - efficiency doesn't go far.

>Reading up on the things happening to those hoping to ride by investing smartly in the last german
>crisises (yepp we had a few monetary hickups last century) sure made me wonder.
>
>Common sense might not shelter you from the backlash of the debt problems.

Common sense would have you keep your assets diverse. Some of it may increase in value and may evade taxation. Actually, with taxation it's often ridiculous that they'd waste a thousand in expenses to extract an extra hundred from you.

OTOH, we may even be thankful to Sloba for the expensive schooling he sold us. It wasn't so long ago, and people haven't forgotten the tricks. May turn out to be more resilient. And the downturn may not affect us much, as we aren't on any enviable height to fall from. What is scary is that our food capacity is now mostly owned by foreigners, who may just price us out of our breakfast.