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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 (47421)3/14/2009 5:19:52 AM
From: elmatador  Read Replies (2) of 217836
 
Medium sized countries, still clinge to the idea that somehow, a magic force appears from somewhere and will arrest their fall. Germany is case in point.

It put some money out to assist. Nationalized a couple of banks and now is waiting that the rest of the world kick in so that it will start exporting and everything will return to where it was before the debacle.

It need to note that its citizens were promised a lot for when they got old. The first ones collected and run away. The last on the queue, will have little to rely on as not enough youngsters will put money in the Ponzi scheme called retirement.

UK is now revisitng 1970 when it was ready to join the Third World -that means if the 3rd would accept it among its ranks. Saved for a while by de-regulation, dismantling of labor statism-socialism and most of by North Sea oil.

Now have to face reality and will return to pre-British Empire size, and one will need to go to 1500 to see how it look like.

France needs a huge marketing effort to sell food and drinks and make up itself to become a tourist destination for hordes of emerging markets people to go there and take photos.

The Turkish people must be laughing their butts off for not have been accepted into the EU and now do not have to suffer the fate of the accepted ones.
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