Why the UK's Ponzi economy is vulnerable to a fiscal crisis
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Uploaded by CitywireTV on Mar 1, 2010
Acclaimed author Richard Duncan says a larger deficit is better than 'mass unemployment' - but warns the UK could face similar problems to Greece.
http://www.citywire.co.uk
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Biblical man. This is biblical stuff. This is BIBLICAL stUFF MAN !! THIS IS BIBLICAL STUFF MAN!!!!!!!!! man THIS is BIBLICAL STUFF MAN, DUDE!!!!!
"People will throw their money in the streets." - There is a scripture for this. I just can't find it. hahahaha
Jeremiah 10:23, 25: "To earthling man his way does not belong. It does not belong to man who is walking even to direct his step." Man's attempts to rule himself have resulted in misery on a grand scale.
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Perennial huge deficit leads to currency collapse. It's idiots like this that will send US to a hyperinflation that is far worse than a depression.
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Wrong. Large deficits cause high unemployment.
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the key problem of the crisis is that we don't let crisis do what they should do, correct the system. we have to face the function of an crisis, to readjust the system. so the longer we don't wont to see the reality, the larger the repulsive forces will be. when you can't go into a higher economic, techenolgical and culture states, such large deficits will make a larger crisis, than there was before, aka exponantial bubble hopping.
so his last statement is right.
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Makes you wonder why they don't have people like Richard Duncan on the financial news shows in the US.
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Fascinating interview 5*****
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I read his book, and my eyes are open. This man has been right on the mark for years. why arent we listening to him?
schimdo 2 years ago 3
He's BACK with a new book! *Flashes book for literally a few microseconds*... Retard.
3LARI 9 months ago