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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST
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To: TobagoJack who wrote (22343)9/13/2007 2:34:54 AM
From: elmatador   of 217844
 
Widely held truths come tumbling down. Akin to Ptolemy dumped by Copernicus. There are severe implications in this wealth diversion discovery. Strike at heart of what economics is

While in the past wealth diversion was approached under ideological basis, extricating ideology out of it, and plainly explaining it, it becomes very simple:

There were no rich countries and poor countries.

What in fact we had were: inflated countries and deflated countries.

There were few people in possession of a lot of money and a lot of people in debt.

There was a lot of people producing and a few people consuming. Thus to feed consumption, you needed the German secretary earning 5.000 Deutsche Marks.

Now you can see wealth being ascribed to production and physical goods and services rather ascribing it by diversion.
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