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I didn't understand most of this article (see attachment below) about the economy... BUT this paragraph by Nouriel Roubini says what I've always suspected.
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“Who will then bail out governments that bailed out private banks and financial institutions? Our global debt mechanics are looking increasingly like a Ponzi scheme.”
~ Nouriel Roubini,
Tuesday May 18, 2010, Page 12 of the TODAY Newspaper. Nouriel Roubini is a Professor of Economics at the Stern School of Business, Chairman of Roubini Global Economics, a global macroeconomic consultancy, & Co-author of ‘Crisis Economics: A Crash Course in the Future of Finance’
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I'm trying to include the article here... soon...
... yes, here is the attachment → Download.
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