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William M. Gaines
The Global economic crisis was planned by design |
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Description
companies will be forced into bankruptcy or restructuring. Further, Falling stock prices will cause companies to reduce their hiring and capital spending while governments will be forced to raise taxes or reduce services, as revenue from capital gains taxes declines. And the combination of reduced wealth and higher interest rates will finally cause consumers to pull back on their debt-financed consumption. It happened after the junk-bond and savings-and-loan collapses of the late 1980s. ... |
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