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

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To: Ken Reidy who wrote (98506)	10/8/2008 1:23:02 PM
From: benwood	Read Replies (1) of 110194

It 'didn't have to be this way' yet it always is, too, for the fatal flaw in our society is that it is made up of humans. I'm surprised a Michael Collins figure has not yet emerged. That, I believe, would be the activity that galvanizes people. Tedious class action lawsuits would not. Historically, all the signs of mass distress are ignored when the ruling class has completely decoupled, and as a result, social change erupts. What happened with the bailout shows that the ruling class has decoupled; and the necessity of the bailout shows that the financial class decoupled a long time ago. Hence the AIG party hardy bus that seems incomprehensible to you and me but which is simply par for the course for those people. I believe one candidate has the capacity to effect change, but I'm not convinced that a) he'll do it or b) he'll be allowed to do it. The other candidate does not have the capacity to effect the required change. Just so nobody misconstrues the odds on the former, I do not feel that it will happen in any meaningful way. That is, 10% versus 0% probability is how I'm viewing it.

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