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View Diary: Timing the next crash (35 comments)

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  •  Nothing physical, neither an individual, nor a (15+ / 0-)

    system can experience, unlimited, uninterrupted growth.  Growth comes about by use of resources from the environment, and these are always limited.  The resource the world economy has fed on is not productivity but debt; a claim on future productivity.  This debt has not been invested in increasing future productivity but rather in maintaining the value of current portfolios through speculation (gambling) with the Fed collecting the IOUs and passing out the poker chips.  The casino is on fire but the game goes on.  Regulatory capture is the cancer that empires usually die from.  We got it bad.    

    Rivers are horses and kayaks are their saddles

    by River Rover on Tue Nov 12, 2013 at 09:36:44 AM PST

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