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To: carranza2 who wrote (36605)7/5/2008 8:03:08 AM
From: elmatador  Respond to of 217654
 
It isn't a matter of stupidity. Too clever to their own good. The trick was off by August 1971.

The aggregate demand was being fuelled by Vietnam War. Once Nixon went out of Gold standard and started printing, the downhill started.

It is amazing that the debacle didn't happen. The system was kept standing due to all kinds of schemes. Now it runs out of tricks. The cat has used up all its 9 lives.

The problem is the fall will be from the 32nd floor rather than a simple jump from the second. It means no survivability possible. Tomato on the concrete.

Every day, light a candle for the emerging markets, if not for them the splattered tomato on the concrete side walk had already happened.

I am here registering all the developments surrounding this issue for the past 30 years.