Wednesday, November 26, 2008

Chronicles Of Depression 2.0: #441: Nash V. Smith

A Beautiful Mind (Adam Smith was wrong)

The blonde is all outstanding global debt: National, Corporate, and Consumer.

If everyone wants repayment, no one is going to get it.

Nations, societies, and the world we have known all fall.

If everyone ignores the blonde -- all debt is forgiven -- everyone prospers.

All Sink or All Swim in a nutshell.

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