Why the System is Doomed

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Why the System is Doomed

Greg Canavan 07/29/2011 dailyreckoning.au.com

[For an Australian perspective:]
It seems hard to believe that a delay to an increase in US debt levels is causing the financial world so much angst. It just goes to show how twisted, screwed up and debt dependent this ‘modern’ financial system is.
‘Give us more debt or we’ll be ruined!’
Sadly, that statement is not far [...]

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