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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: NOW who wrote (67806)8/20/2007 2:35:36 PM
From: benwood  Read Replies (1) of 116555
 
If I had the cash, I'd bet on shades, but I don't seem to have any currency in my pocket. Yet miraculously, I paid my mortgage, a bunch of motel bills, gas, water, sewer, electricity, Costco, a grand on groceries, taxes, insurance, and more... all in the past month! Still, without getting any cash! I'm inclined to believe that there doesn't actually have to be very much actual currency in circulation to satisfy the monetary requirements of our society.

I suppose I could wager anyway, and then pay you via my PayPal account, which simply draws a settlement from a credit card which automatically gets paid off by my checking account which gets my auto-deposited check each month from my employer, who also was not paid cash either.

It does seem like a house of cards, doesn't it? But somehow, I cannot reconcile an outcome where my buying power skyrockets because of the reckless fiscal policies and malinvestments of my gov't, it's peoples, and it's businesses.

btw, he can't tell you because the TOU forbids alternate identities, and that identity is new, not a renamed old moniker.
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