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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Salt'n'Peppa who wrote (135162)6/16/2010 11:46:20 AM
From: Elroy Jetson5 Recommendations   of 206118
 
There's a very good reason why M3 is declining at a rate which matches the 1929 to 1933 period. We are in an economic depression.

This is the inevitable result when consumer, business and government debt levels have risen faster than incomes for an extended period of time, in our case since 1980. We have have reached levels which can no longer be sustained. Programs like TARP and Stimulus merely postpone the inevitable.

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