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  • Added Debt Won't Rescue the Great American Ponzi Scheme [View article]
    Amen brother amen! The pain cannot be escaped. You can pay it now or pay it later. Guess which one will hurt more. I feel we are headed for a train wreck but may Grace and wisdom intervene for a more benign scenario.
    (I especially liked the graph of deposits in failed banks as a % of nominal GDP.)
    Mar 23 04:23 am |Rating: +15 -5 |Link to Comment
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