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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.94+0.2%Nov 19 4:00 PM EST

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To: KyrosL who wrote (47284)3/10/2009 6:48:30 PM
From: TobagoJack  Read Replies (1) of 217882
 
i think much of the assumptions taken for granted over the past 80 years must be reexamined and carefully

the thought that usa 'life style' (i.e. consumption of cars) can be cut by 50% without social consequence must be faulty if any assumption is faulty

the idea that the social fabric will remain intact as 3% of the rural population make out on 97% of urban dwellers cannot hold water

otoh, here, in europe, where most families have one car, continuing on with one car must be ok

in china and india, where the majority, small and large respectively, must be allowed to benefit at the cost of the urban, and so they shall

remember Message 24314922 our discussion regarding greece and gold?

just a followup. had the greeks bought gold when i first recommended, or any time along the way per all iterative recommendations since then, they would not need to riot now. the idea that their supposed thrift and alleged caution could prevent the state and with it, the people from bankruptcy, in hindsight, is not a sound assumption.
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