I think the point he was trying to make is that the average American is so far ahead, financially, of people in third world countries that we take for granted the availability of money and credit. There are people starving to death over there because they don't have the money or means to feed themselves. They can't get jobs because there aren't any companies. People who might want to own a company can't do that because there is no one to lend them the capital to get started. They're in an impossible situation that's difficult for us to understand because we're so far removed from it.

So, when all of a sudden, out of nowhere, some company comes along and says to all of these people, "Hey everyone, we'll loan you the money you need to start a business so you can live", the people are offered an opportunity to change their lives to such an extreme degree that they're willing to do whatever it takes to get the money and pay it back. Here, in the Western world, if you start a business, fail, and lose half a million dollars, you can brush it off and try again with a different idea and investor. Granted, it might take you a while to find someone else who is willing to put the capital up, but you can. Over there, they can't. They have only one shot, so they take it and do the absolute best they can because it is an opportunity that will only come once.

With that in mind, nearly every loan in the Western world can be taken with a ho-hum attitude becuase the opportunity will present itself again. That just isn't the case for those people.

Yes and thanks for taking the time to write this...

Yes, you don't understand and you probably never will. I know I did a terrible job of getting the point across but now given your statement I don't think it would have helped much anyway.

You may well be right in what you're saying. But:

All of this anti-credit for Americans stuff makes me laugh. This is because, relative to other countries, I think the high availability of credit and investment capitol is the strongest economic asset the US has.