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That chart is likely a mirror inverse of the GDP as a function of the national debt. We have been progressively becoming a nation of non-producers ever since the peak following the industrial revolution. It's why terrorists targeted our financial center first and foremost. This banking oriented economy we're immersed in is a truth, not a theory, as those who gripe about the "too big to fail" mantra should realize. It's where we are, not where we are heading. I liken this attitude to those who use the phrase "what would Jesus do", when Jesus wouldn't do most of what any of us engage in for 99% of our lives. Idealism at its finest.
Dec 10 16:40 pm
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All Comments by Madacasto »Chart of the Day: The Big Banks Get Bigger [View article]