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  • Could the Pound Sterling Be the Canary In the Coal Mine? [View article]
    What did Ross Perot say about a giant sucking sound? Those trade agreements that caused almost all of our manufacturing base to leave,also caused our money to leave. There are two types of money pumps. Big companies lke GE used to make things here and sell them all over the world and pump money back here. Our highly thought of shopping malls buy crap from all over the world,mostly china, and pump our money there. It took a lot of time, but what you now see is pretty much irreversible. I belive as the author does that commodities are the only real asset. I would also include real estate in that. All these things must however be purchased at the right time and place as always.
    Jan 02 10:28 am |Rating: +3 0
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