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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 (52502)	7/18/2009 11:20:02 PM
From: Maurice Winn	2 Recommendations Read Replies (1) of 217847

It was therefore obvious to anybody who cared to look: < it was equally obvious to the same casual observers way back in 2005, 2004, 2003, 2002, 2001, 2000, and 1999 that cost of credit monies were too low, and price of gold was not high enough.> Borrowers and their lenders were therefore equally able to see the pricing of loans and could also decide whether they thought it too low or not. Those who chose to borrow and lend, therefore, despite everything being so obvious, decided that it was worth it. You therefore must prefer a government department to decide whether people can borrow or lend. Welcome to the USSR and its wealth creation processes. It was perfectly reasonable to leave it to people to decide whether to borrow or not at any given interest rate. Mqurice

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