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Gizmo

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Gizmo

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Re: Ace Hanlon post# 4464

Sunday, 05/22/2005 2:44:53 PM

Sunday, May 22, 2005 2:44:53 PM

Post# of 193914
As a whole we can't afford to fuel the world's economy. The only way we've been doing it is through government and personal debt. The longer we wait to get our balance sheets in order, the stronger the medicine required.

I suspect debt is of such a high degree that the only palatable alternative is to inflate it away. If all reduce current consumption enough to begin reducing debt it will be recessionary and IMO long lasting.

Got Gold?

Gizmo...


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