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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2297275, member: 71723&quot;]It makes the source forever sketchy and unreliable, because it was based on a pattern of conduct, not a single instance, which would have made your point more valid, and the conduct continues to this day, largely unabated.</p><p><br /></p><p>They &quot;sell&quot; Chicken Little-ism to the epically uneducated, and get rich (more than usual Wall Street crook rich) doing it.</p><p><br /></p><p>On the merits of the Bonner &quot;phone call&quot; bit, which is a funny bit, I admit that, it ignores (conveniently for Bonner) the remaining policy choices that ALWAYS remain to unwind high debt - economic growth and a tax code with much higher progressivity than at present. Presto, change-o, Bonner&#039;s &quot;nowhere for the Fed to turn&quot; problem disappears. Now where have I seen that tried? It&#039;s on the tip of my tongue. Oh yeah! WE did it in the post-WW2 era, here in the USA!</p><p><br /></p><p>But shhhhh, Bonner can&#039;t even TALK about that option. Might cost him his second French chateau.[/QUOTE]</p><p><br /></p>

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