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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: Cogito Ergo Sum who wrote (92420)7/11/2012 4:30:57 PM
From: carranza21 Recommendation  Read Replies (3) of 218083
 
We need a debt jubilee, a reset before things will improve.

Haircuts are a form of re-set. Plus, they destroy the ability to borrow more except at onerous rates, a good thing. Unfortunately, they cannot be done 'fairly' so bad things happen to the little guys, either through reduced pension benefits or through simple diminution in value.
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