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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Oblomov who wrote (80261)3/23/2007 2:27:13 PM
From: Elroy Jetson  Read Replies (3) of 110194
 
Our government created this real estate bubble to keep our economy on steroids . . .

. . . initially to counter-act the economic depression in Asia, and then to counter the expenditures in Iraq and Afghanistan.

Many have noticed that this property bubble, which defies economics, is an "Anglo-Saxon" property bubble, primarily: USA; England; Australia (and New Zealand only because almost all New Zealand banks are owned by Australian banks). Economically linked areas like Spain and Canada are experiencing an overflow from this deliberate bubble.

But the bubble is not really Anglo-Saxon, its just that the partners in the wars in Iraq and Afghanistan are often perceived as Anglo-Saxon.

The property bubble is a deliberate and cynical policy to keep the population quiet and happy. To the extent that is was intended to "keep the nation strong in the face of terrorism" or some such nonsense, it will fail catastrophically. Credit and property bubbles when thy finally collapse create more damage to our nation than any terrorist could hope to in their wildest fantasies.

George W. Bush and Alan Greenspan are the most dangerous terrorists on the loose today.
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