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Guest: Jim WILLIE
To be sure, groups of oil rags are accumulating in the Western financial basement. They await an incident to light them on fire to produce the grandest bonfire in modern history. Many incidents, events, and decisions created the current broken untenable wrecked set of conditions that together comprise the structural breakdown, upon which systemic failure is witnessed each day. The 1990 decade saw the creation of bank derivatives, which compensated for Western bank system insolvency. ..
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