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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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From: elmatador	10/20/2012 8:37:41 AM
	3 Recommendations Read Replies (1) of 218459

What happened when finance started being the king and paying the states' bills? Americans woke up one day discovering that they were a finance nation. Finance should account to 5 to 3% of the GDP. In the US it reached a third of the economy. That USD as world currency was too good to pass. Those profits of fleecing the rest of the world by creating a crisis here and there to cause flights to quality that caused billions to flow to US as safety heaven was too good and they got hooked on that. The US, owing to its scale could "move volumes of money" to steer their economy and cause waves that rippled across the world economy. We watched the Tech Bubble created by the sheer power of brain and capital steered to a chosen sector. We watched the same on RE bubble and we see today the shale gas act. In the future we will have a Nobel Prize for an economist who theorize on "moving volumes of money" to steer the economy. Let's get to the Moon before the decade end. Presto throw the money to that sector and it is achieved. You can see that "move volumes of money" to steer the economy in many aspects of the US economy: RE bubble. Today's gas oil shale act. Whenever you see something big in the US, you can see volumes of money being moved to prop it up. And the insult to the rest of the world is that they call their system the free market and anything elsewhere smacks of state intervention!!! While other countries had to go out and seek money, work hard and tax its people to get things done, in the US it was just a matter of moving the volume of money into any sector you need to prop. That is why it appeared so easy and the American system appeared so successful. In the future we will have a Nobel Prize for an economist who theorize on "moving volumes of money" to steer the economy. For the moment, no one want to tell the real causes. Let's keep showing in the press what the ignorant got used to believe.

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