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Felix Zulauf: The Die is Cast PDF Print E-mail
Written by Ron Rebner   
Friday, 28 October 2011 06:38

•We are on a spiral caused by mass credit creation, excessive borrowing, reckless spending, and a enormous credit crisis. The end result is inevitable, and most likely unavoidable.
• The Europeans have created their own credit crisis, and it is attributable, in part, to the creation of the EU. They EU is following a path similar to what the US went through n 2008-09.
• There will be yet another bailout in the US and QE3 (or more) — but not until the situation gets much worse; That refers to both the market and the economy.

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Last Updated on Friday, 28 October 2011 06:39
 

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