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New Way late to the party, but holy cow
http://skepticblog.o...on/#comment-10248

I can't begin to verify this guy's facts, and the conclusions at the end are far from obvious. But it's a really interesting summary.
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Drew
New very accurate but some bias left on the floor
the S&L's were not killed they committed suicide and the bailout costs led to the deregulation. Also around the same time banks which dont know shit about insurance and insurers who dont know shit about banking were bitching to get into each others bailiwicks. More deregulation
his facts about the gold standard and money flight is quite correct and happened also in the eighties when we sold corporate america to the arabs and japanese and bought it all back at a huge discount later with chinese dollars.
His conclusions in the end are quite good. Not a be all end all but a great place to start.
New He forgot the TriLateral Commission.
Lots of nonsense in there, IMO.

No mention of the 1973-1974 Arab-Israeli War's effect on oil prices, for instance.

FWIW.

Cheers,
Scott.
     Way late to the party, but holy cow - (drook) - (2)
         very accurate but some bias left on the floor - (boxley)
         He forgot the TriLateral Commission. - (Another Scott)

If you throw enough pasta at the wall, some of it will stick.
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