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Pastimes : All Clowns Must Be Destroyed

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To: LLCF who wrote (38680)6/8/2000 12:33:00 PM
From: pater tenebrarum  Read Replies (3) of 42523
 
i'm not sure, but my guess is it's quite a lot. the US position atop the global compost heap since the fall of the evil empire helps a lot of course...

something unexpected could however upset the status quo, e.g. the sheikhs accepting Euros for their oil, or a tendency by CB's to increasingly adopt the Euro as a 'second' reserve currency.

the 'free' deficit is of course an illusion, based on the simple common sense consideration that there is no free lunch. our decision to invest in gold after a 20-year bear market is imo based largely on the premise that this situation is untenable.
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