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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (83657)7/16/2007 8:54:17 PM
From: Tommaso  Read Replies (1) of 110194
 
Probably our government thought that a side effect of invading Iraq was to preserve cheap oil for a while. Bush did not dare say that explicitly. The failure of our government to confront reality guarantees a seriously reduced standard of living for everyone. Iraq is not a war. Iraq is an enormous exercise in self-deception. Not as bad as Napoleon or Hitler invading Russia, but bad enough.

The sequence may be:

--dollar way down
--oil (and gold and all other commodities) way up
--food up even more
--interest rates forced up as foreigners back off from treasury bonds
--stock market finally collapsing by at least 50%

Let us hope that the civic discontent resulting from all of this does not lead to further foreign military adventures. That's what has often happened.
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