Vegas hit hard

Look at the issues going on in Vegas with the previously cash cow casinos. When credit tightened, casinos were squeezed, burned through available cash, economy weakened leading to revenue shortages, and defaults began to rise. I know everyone thinks cash is the only way but normal credit is essential for growth of any kind. If we want to live in a pre order society where we have to specify what we want months ahead of time so it can be made at the factory, using our down payment, then shipped to the dealer for us to pay the balance in cash (car dealers for example) that is fine with me. However, our entire economy system and principals with in this systems is based on expansion and money flow. If corporation’s growth is greatly reduced, investment, as we are seeing now will be exponentially reduced and we will be hard pressed to find investors. I don't care how we proceed. All cash is fine but it means all cash for the banks too. If we take the hits on our investments and if we are to hold the losses of our real estate then so must the banks.