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prljr
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Krugman Finally Wins the Argument

- John Rubino - Dollar Collapse

"No society in history has owed this much money" No society in history has been conned out of so much money.

Commented 4370 days ago

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Beginning of the headline : Today's world can be summarized in two sentences: Unless continuously fed with new credit, the global financial system will implode.And when confronted with this possibility, governments will always respond with new credit. This has been true at least since the Long Term Capital Management collapse in 1998, and in the ensuing 14 years the global financial markets and the world's governments have been partners in a dance in which crisis elicits monetary ease, which ignites an asset bubble, which bursts and elicits a new flood of credit... Read More

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