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Originally Posted by The Demon
Well wig, I only can tell you from my understanding of economics/world markets/us markets that you're going to see a lot worse when we finally go down, and we can both agree that that's inevitable. Propping up a failed economic system and flawed fundamentals with the same flawed fundamentals and a printing press is only going to make it worse for everybody.
The "when" is not something I can answer specifically, but I think it should have been before Obama initiated the bailouts.
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As I'm sure you know, I'm pretty bearish. We may have different scenarios in mind to how this plays out and what led up to it, but I don't long to purposely see the plug pulled. At this point in the game, I think the cure is worse than the disease.
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No I was not, but I know that a pure gold standard with a proper gold cover clause would be a hell of a lot better than anything we've been doing with Keynesian/Government spending economics.
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And it is conceivable that you would have been left behind. That was the point.