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Gordon Taylor
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>The Bubble is Back  - John Rubino - Dollar Collapse
Another great read John, thank you. When you're spending $1Million every 20 minutes and borrowing most of it ... no one needs a degree in economics or accounting to figure out that their speed bump has turned into a cliff and they're driving right for it at full speed.

I never could understand the administrations rationale of spending our way out of the recession and now we're going to see the results of that spending. Oh, BTW President Obama ... what about those 92 million people out of the workforce? What say ye? What, I can't hear you. Oh, you didn't say anything, it was just your lips moving.



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Beginning of the headline :For all those analysts (including this one) who thought the debt binge of the previous decade marked end of the Age of Leverage, well, not so fast. It turns out that memories are short and government printing presses are powerful, and this combination has turned the "Great Deleveraging" into a minor speed bump on the road to something even more extreme. As the following chart illustrates, the growth in total US debt flattened in 2009 and 2010, with government borrowing more-or-less o... Read More
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