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I replied to another poster and although your points are valid, each members debt load had a greater effect. Please see https://www.armstrongeconomics.com/inter

• chewz 8y ago
  We are not at odds. My point is since 1992 we have era of rapid globalization and many economies adapted (usually at the expense of ordinary folk ie. economy is doing great and people not so much). Debt, currency etc. is just technicality. The rules have changed, the world is playing brutal Texas Holdem now and Italy is still trying to play chess.