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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Giordano Bruno who wrote (87691)10/15/2007 3:35:54 PM
From: GST  Read Replies (2) of 110194
 
No argument from me there -- they do collude, but in the end it is for nothing -- in the end there is no way to pretend forever. But you must see deeper to see the root -- and we are at the root -- we as a society of people who firmly believe that we were meant to have wealth -- whether we earn it or not. And we believe that we can spend money freely, whether we have it or not. And we most firmly believe that when our own greed and stupidity come back to haunt us then we have the right to expect the Fed et al to save our butts. They might want to -- they might need to even if it is just to save their own butts -- but they can't. We are destined to taste the bitter fruits of our own irresponsible behavior - but of course we will blame somebody else instead.
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