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LogicalFallacy

World economy at risk of another financial crash, says IMF

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Boom boom crash... here we go again ho hum de da.

 

http://www.msn.com/en-nz/money/news/world-economy-at-risk-of-another-financial-crash-says-imf/ar-BBNTyFI?ocid=ientp

 

To quote John from Margin Call:

 

"The music is about to stop and we are going to be left holding the biggest pile of odorous excrement ever assembled in the history of capitalism"

 

Does anyone think a system that is essentially built on debt is a good system? What system would work? Can it be done?

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This was going on back in 08'. Starting in @ 4:00 on the debt based monetary system and some claims made about it: 

 

 

Here we are a decade later....

 

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It's saddening that we never seem to learn.  If only we (in the U.S.) had thrown some of those bankers who caused the previous mess in the slammer for a good long while (like they did in Iceland) I think it would have gone a long way toward preventing another blowout.

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