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Subject:  Re: An interesting Fiscal Cliff observation Date:  12/13/2012  11:51 AM
Author:  notehound Number:  411190 of 536631

...we probably don't want to see a world where the government stops subsidizing these banks. It would essentially require implementing a new global economic system in a relatively short time period...

You're right. It would require a new system in a short time. How about in 4 or 5 years? Is that enough time to implement a new global economic system?

Iceland completely rebuilt its banking system in a very short period of time and now they are recovering, while everyone else is becoming stagnant - like Japan.

We wasted the last 5 years doing nothing about the subsidies.

Heroin addicts. That's what we have created of our banks.

Sooner or later, they'll find that their pusher/supplier can't meet their needs - and they'll have to go "cold turkey."

Then, they'll implement a new system - by necessity.

5 wasted years...

So sad.

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