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

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To: bart13 who wrote (99913)	11/25/2008 7:18:19 PM
From: pogohere	Read Replies (1) of 110194

current monetary philosophies: neither its pipes nor its theories will hold water John W. Gardner once observed: "The society which scorns excellence in plumbing as a humble activity and tolerates shoddiness in philosophy because it is an exalted activity will have neither good plumbing nor good philosophy: neither its pipes nor its theories will hold water." Shoddy monetary philosophies caused the financial crisis. Now inadequate plumbing of the global financial system is exacerbating its risks. from: Global Financial System – Calling for the Plumber! * by Satyajit Das * November 24, 2008 prudentbear.com

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